Thunes, a leader in global cross-border payments, has announced an expansion of its ambitious tree-planting initiative in collaboration with Handprint, a company dedicated to impactful environmental projects.
Under this enhanced initiative, Thunes has pledged to plant a tree for every 5,000 transactions processed through its platform over the next two years. This initiative not only reflects Thunes’ commitment to sustainability but also empowers its customers and partners to contribute positively to the environment through their payment processing activities.
Handprint, renowned for connecting businesses with regenerative projects, aligns its efforts with the United Nations Sustainable Development Goals (SDGs). The company’s projects are diverse, ranging from reforestation and coral reef construction to educational programs and combating biodiversity loss.
Thunes’ contributions are particularly significant in the realm of reforestation, with ongoing projects in Indonesia, Nigeria, India, and Kenya, focusing predominantly on mangrove tree restoration. The company plans to expand these efforts further, targeting additional regions in its operational landscape.
Since partnering with Handprint in 2022, Thunes has made remarkable progress, planting over 125,000 mangrove trees. These trees, depending on local conditions, are capable of absorbing significant amounts of CO2, ranging from 180 to 500 kg over a 20-year lifespan. This initiative aligns with multiple SDGs, including Climate Action, Life Below Water, and Life on Land, underscoring Thunes’ holistic approach to environmental stewardship.
Deputy Chairman of Thunes, Peter De Caluwe, expressed the company’s vision: “With our commitment to reforestation and biodiversity, we are making a positive impact on the environment with every transaction. Handprint’s impressive standards and far-reaching work will enable us to deliver an effective sustainability programme. Furthermore, our pledge helps differentiate Thunes as a truly innovative payment partner.”
Dr Simon Schillebeeckx, Chief Vision Officer at Handprint, also reflected on the partnership: “We are delighted to deepen our partnership with Thunes to help it and its customers play a more meaningful role in regenerative sustainability. All industries, including fintechs, can do more to support nature, improve biodiversity and protect people. Our platform connects an enterprise’s KPIs to specific sustainability initiatives, making it easy for them to make a tangible difference.”
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![Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments. NBI, which has 27 branches across Iraq, offers a comprehensive range of services to individuals and businesses in the country. Since 2005, NBI has been majority owned by Capital Bank, one of the top financial institutions operating in the Jordanian and regional markets, with assets of approximately JOD 7.6 billion[1]. With this implementation, NBI moved from its legacy systems onto the same core banking platform as other entities in the Capital Bank Group. This will enable NBI to operate more efficiently and integrate seamlessly with other systems to develop new products faster and deliver an improved customer experience. Capital Bank Group is a long-standing Temenos customer with other entities in the Group including Capital Bank of Jordan, Bank Audi, Société Générale Bank Jordan and NBI Saudi Arabia, already on the Temenos platform. NBI also becomes the first part of the group to adopt Temenos Payments, which enabled the bank to process more than 100,000 transactions of incoming and outgoing domestic and international payments in the first 15 days of operation, with a 99% straight-through processing rate. The migration to the Temenos platform for core banking and payments at NBI was completed in under 12 months thanks to Temenos’ pre-configured banking and payments capabilities and APIs which reduced the need for complex customizations, as well as close collaboration between Temenos, NBI, Capital Bank and delivery partner ITSS. This success was recently recognized in the IBS Intelligence Innovation Awards, with Capital Bank winning ‘Best Implementation of Core Banking Services'. The implementation at NBI follows several other successful transformation projects with Temenos for Capital Bank in the last few years, including the launch of NBI’s branch operations in Saudi Arabia in just 45 days, as well as the integration of Bank Audi and the former Jordanian operations of Société Générale, each of which was achieved in under four months. Collectively, these projects helped Capital Bank to increase operational efficiency by more than 50% within three years, bringing significant cost savings and an improved customer experience. With faster, more accurate processing and immediate service requests, the bank has maintained high customer retention rates and a reputation for service excellence. Izzidin Abusalameh, Chief Operations Officer, Capital Bank Group, commented: “This achievement marks a significant milestone in our digital transformation journey and positions us as a leading player in the banking industry. We have seamlessly transitioned the National Bank of Iraq to a cutting-edge core banking system which will not only enhance operational efficiency but also support providing our customers with a superior digital banking experience. Our continued partnership with Temenos has not only provided us with an advanced technological platform but has also facilitated a culture of flexibility and adaptability, enabling us to execute our ambitious growth plans.” Lee Allcorn, Managing Director, Middle East & Africa, Temenos, said: “Congratulations to National Bank of Iraq and the Capital Bank team on this successful implementation that gives NBI business agility and the same modern technology platform and ability to deploy fast with pre-configured banking capabilities as the rest of the group. With Temenos, Capital Bank Group is future-ready, and we are proud to support them as they continue to innovate and leverage our platform to grow sustainably and enhance the banking experience for customers.”](https://fintech.global/wp-content/uploads/2024/04/rupixen-Q59HmzK38eQ-unsplash-2-218x150.jpg "Flutterwave teams up with Acquired.com to streamline outward remittances in EU and UK")
