- 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.
Barcelona, Spain – February 27, 2024 – Ericsson (NASDAQ:ERIC, news, filings) 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.
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Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company’s portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
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