Skip navigation

Ericsson and Hewlett Packard Enterprise collaborate to deploy fintech cloud services on HPE GreenLake at MWC24

  • Ericsson and Hewlett Packard Enterprise (HPE) will work together to empower digital transformation in financial services by integrating Ericsson Wallet Platform with HPE GreenLake, providing enterprises with cloud-like agility, services, and scalability.
  • The collaboration between Ericsson and HPE aims to unlock new revenue streams, modernize financial services, and deliver seamless, and secure digital financial solutions to enterprise customers.
News
Feb 27, 2024
Ericsson and Hewlett Packard Enterprise collaborate to deploy fintech cloud services on HPE GreenLake at MWC24

Barcelona, Spain - February 27, 2024 – Ericsson (NASDAQ: ERIC) announces an important collaboration with Hewlett Packard Enterprise (HPE) to empower digital transformation in financial services by deploying Ericsson Wallet Platform with HPE GreenLake, providing enterprises with cloud-like agility, services, and scalability. The term of the collaboration is set to be announced  at Mobile World Congress 2024. It will mark an agreement of understanding from both companies to drive innovation and deliver advanced financial cloud services to enterprise customers.

Integration of Ericsson Wallet Platform with HPE GreenLake to Advance Financial Services:

Ericsson's Wallet Platform boasts support for over 400 million registered mobile wallets, processing 2.8 billion transactions valued at over $40 billion monthly. With an open architecture suite of financial service offerings, it has been a leader in the sector.

HPE GreenLake is a leader in hybrid cloud and provides solutions that help enterprises accelerate their digital transformation and business growth. In collaboration with Ericsson, HPE GreenLake will look to streamline Ericsson’s Wallet Platform with modern infrastructure and a fully managed experience. The deployment of Ericsson Wallet Platform with HPE GreenLake will enable enterprises to achieve faster deployment, launch services with elastic scale of infrastructure, and adapt to seasonal variations in transaction traffic.

Michael Wallis-Brown, Head of Ericsson Mobile Financial Services, affirms, "Our collaboration with HPE not only strengthens our market position but also opens doors for enterprises, allowing them to efficiently leverage our cutting-edge financial services. By integrating the Ericsson Wallet Platform to be delivered with HPE GreenLake, we aim to deliver unparalleled speed, scalability, and security for financial services."

"This is a milestone offering for both HPE and Ericsson,” said Phil Cutrone, SVP & GM WW OEM Solutions, Service Providers, and Telco at HPE. “Together, we have the opportunity to drive innovation in financial services as well as in IT, unlocking new revenue streams for our enterprise customers and providing their users with the best digital financial services experience."

This collaboration signifies Ericsson's strategic evolution beyond traditional Communication Service Providers (CSPs) to embrace enterprise-level partnerships. This shift extends Ericsson's reach to banks, fintechs, and other enterprises, fostering new opportunities in the dynamic financial services landscape.

RELATED LINKS:

Ericsson Wallet Platform
HPE GreenLake

NOTES TO EDITORS:

FOLLOW US:

Subscribe to Ericsson press releases here
Subscribe to Ericsson blog posts here
https://twitter.com/ericsson
https://www.facebook.com/ericsson
https://www.linkedin.com/company/ericsson

MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com  (+46 10 719 69 92)
investor.relations@ericsson.com  (+46 10 719 00 00)

ABOUT ERICSSON:
Ericsson’s high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com