Alibaba Cloud launches a new digital ecosystem strategy in the Philippines after its establishment of the Philippines Ecosystem Alliance two months ago. The strategy is aimed at empowering local partners with world-class technology and innovation from Alibaba Cloud’s global partners. This is expected to help Filipino businesses adapt and assimilate into the post-COVID-19, cloud-native era. The strategy was announced at the Apsara Conference 2020.
For the Philippines, this new strategy translates to a hyper-localized “grassroots” approach to better support small and medium enterprises (SMEs) through working with partners such as Kaisa, Crayon and Microgenesis. By working with global partners such as Temenos and Vertica to innovate best-in-class solutions, and pass on the learning experiences with local partners, Alibaba Cloud can better help Filipino businesses of all sizes from blue chip companies to SMEs to go digital.
“Businesses now see digitalization an essential need rather than a plus point, and they want to transform as quickly as they can after the COVID-19 pandemic,” said Lancelot Guo, President of Ecosystem and Sales Operations, Alibaba Cloud intelligence. “A successful adoption of cloud is only possible when the ecosystem is brought together to support customers’ needs. Therefore, we want to work with world class partners such as Temenos and Vertica in the transformation process, leveraging their expertise to help our customers grow.”
Temenos, the banking software company, recently announced that Temenos Transact, its next generation core banking product is now certified on Alibaba Cloud. Financial institutions will be able to run Temenos’ mission-critical core banking applications on Alibaba Cloud and benefit from elastic scalability, cost and operational efficiencies.
Vertica also announced the launch of the Vertica Analytics Platform on the Alibaba Cloud Platform. Intelligence-driven organizations can now run Vertica’s fast and massively scalable analytics and Machine Learning against the largest data volumes for insights. Philippines enterprises can enjoy the offerings from both companies on Alibaba Cloud.
“We are delighted that Temenos has certified on our cloud. Temenos is the market-leading, cloud-native banking software provider accelerating the digital transformation for thousands of worldwide financial institutions. Combined with our comprehensive suite of cloud services, and a proven track record of delivering value, we together boost the capabilities of financial institutions, allowing them to accelerate their growth and innovation on the cloud” said Lancelot Guo, President of Ecosystem and Sales Operations, Alibaba Cloud Intelligence
The two companies will jointly help banks go to market faster, open up new business models, and achieve industry leading cost/income ratios. The two companies are already engaged in proof of concepts with banks and have joint customers in APAC.
Temenos has been in the forefront of software innovation, consistently investing 20% of its revenues in R&D and is pioneering in cloud banking for the last 10 years. Temenos was the first banking software provider to offer a core banking product in the cloud and the first to offer cloud-to-cloud, active-active multi-cloud resilience to eliminate downtime and dependency on a single cloud provider. Temenos enables banks to significantly reduce their total cost of ownership through elastic cloud scalability, distributed database technology and multi-cloud resilience, all underpinned by the benefits of vendor and platform independence. Temenos accelerates banks digital transformation helping them to become more agile and innovate faster.