Senior executives visit Infosys Booth during Huawei Connect 2016.

Shanghai, September 1 - Infosys Finacle, part of EdgeVerve Systems, a wholly owned subsidiary of Infosys, and Huawei, a leading global ICT solutions provider, today announced the global availability of the industry leading Finacle Universal Banking Solution Suite on Huawei’s Fusion Cloud based cloud platform.

Andy Dey, president of Customer and Operations, EdgeVerve, pointed out that the increasing digitally native customer base of financial institutions is resulting in rapid increase in transactions loads, pushing the need for flexibility in designing and managing IT deployment strategies.

As part of this partnership, Huawei and Finacle carried out a benchmarking activity, observed and reviewed by the global advisory firm EY. The test was simulated on a Finacle database size of almost 1 TB, with 6000+ branches, 33 million+ customers, 61 million+ accounts and 20,000+ branch users. 3,846,000 transactions successfully processed in a total test duration of 2 hours and 33 minutes at the rate of 627.66 transactions per second in one hour of peak user load.

The Finacle and Huawei solution is a perfect fit, bringing to market an industry leading, digital age banking solution suite along with the security, flexibility and scalability of a private cloud, to enable flexibility to scale operations rapidly, said Andy.

Rangarajan Vellamore, Chief Executive Officer, Infosys China

Rangarajan Vellamore, CEO of Infosys China, noted that with this joint offering, financial services clients can expect substantial reductions in infrastructure and application management costs with high resilience and enhanced customer service efficiency across channels. The highly available platform will allow customers to run Finacle suite of applications on a private cloud network, delivering considerable performance, maintenance and total cost of ownership advantages.

“This new offering from Huawei and Finacle will empower financial institutions with a world class banking software, with competitive capex, reduced opex and superior flexibility in operations. With reduced total cost of ownership and increased return on investment, customers ensure substantial savings which can be channelled to accelerate innovation and strengthen profitability,” added Qian Yuan, president of Marketing and Solution Sales Department, Huawei Enterprise Business Group.