Cloud service provider Huawei Cloud and financial services provider Silverlake have joined forces to build an all-in-one core banking platform powered by Huawei’s artificial intelligence ( AI ) and cloud capabilities and Silverlake’s deep-rooted expertise in financial services.

This collaboration, the companies say, will streamline banking operations, enhance cybersecurity and accelerate digital adoption among financial institutions.

Silverlake will take on the role of enterprise software partner, deploying customized solutions powered by Huawei’s technology stack.

“This collaboration,” adds Cassandra Goh, Sivlerlake’s CEO, “is a strategic step forward in developing a new generation of banking solutions and infrastructure that is cohesive and truly AI native.”