Sberbank, Huawei sign memorandum, general agreement on cooperation

Sberbank has signed a memorandum on strategic partnership and a general agreement on cooperation with the Chinese IT-solutions producer Huawei Technologies, a Sberbank press release said.

The documents were signed in the framework of the St. Petersburg International Economic Forum on June 17.

The memorandum calls for joint development by the partners of solutions in the sphere of cloud computing for Sberbank's data center, software defined networks, network security, software solutions, big data technology and machine learning.

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