Partnerships

iptiQ-partners-with-emil-frey-digital-insurer-swiss-company

Digital insurer iptiQ and Emily Frey Group enter Swiss alliance

iptiQ, Swiss Re's B2B2C digital insurer has partnered with fellow Swiss company Emil Frey Group.
Green-shield-opts-for-INSTANDA-to-bolster-insurance-offering

Green Shield opts for INSTANDA to bolster insurance offering

Chicago-based Green Shield Risk Solutions has partnered with INSTANDA to enhance Green Shield’s product and service offerings.
swiss-re-britam-and-oxfam-to-protect-small-scale-farmers-in-kenya-with-parametric-flood-insurance-solution

Swiss Re, Britam and Oxfam to protect small-scale farmers in Kenya with parametric flood...

Global reinsurer Swiss Re has teamed up with Britam and Oxfam to launch an index-based flood insurance solution in Kenya to protect small-scale farmers.
risk-modelling-KCC-sychronosure

Synchrono Group Partners with KCC for Advanced Risk Modelling in Insurance Underwriting

Karen Clark & Company (KCC), a pioneer in providing advanced models and innovative software for deeper insights into catastrophe risk, has announced that the Synchrono Group, trading as SynchronoSure, has licensed KCC's comprehensive suite of US catastrophe models.
Green

Qorbis and Mbanq unite: Tailoring FinTech solutions for US brands

Qorbis and Mbanq, two pioneering entities in the world of FinTech, have announced a new partnership. Qorbis, renowned for its end-to-end embedded finance and FinTech personalisation solutions, has joined hands with Mbanq, a top-tier Banking-as-a-Service (BaaS) provider.
Capital Union Bank unveils cutting-edge eBanking platform with Avaloq

Capital Union Bank unveils cutting-edge eBanking platform with Avaloq

Capital Union Bank, a Bahamas-based pioneering financial institution, has announced the launch of its new online banking platform (eBanking) in collaboration with leading WealthTech provider, Avaloq.
ESG Bay seals £135,000 investment to propel green business assessments

ESG Bay seals £135,000 investment to propel green business assessments

ESG Bay, an environmental, social, and governance (ESG) self-assessment platform, has recently secured a pre-seed investment. The UK-based company assists organisations in gauging their climate and societal impact by applying universal metrics, and generates lucid ESG assessments for customers, community, stakeholders, and the broader public.

Handlesbanken Norway partners with Tietoevry to modernise wealth platform 

Handelsbanken Norway has partnered with Tietoevry in a bid to modernise its IT landscape and enhancing the customer experience. 

Arendt Services partners with Fenergo to elevate investor onboarding experience

Arendt Services, a prominent investor and corporate services provider based in Luxembourg, has announced a strategic partnership with Fenergo, a leading Client Lifecycle Management (CLM) solution provider.
Mastercard and Saxo Bank have announced a partnership to facilitate open banking payments into customer’s investment accounts.

Mastercard and Saxo Bank team up for open banking account feature

Mastercard and Saxo Bank have announced a partnership to facilitate open banking payments into customer’s investment accounts.

News Stories

National Bank of Iraq empowers digital transformation with Temenos’ core banking system

National Bank of Iraq empowers digital transformation with Temenos’ core banking system

National Bank of Iraq (NBI), a significant component of the Capital Bank Group, has partnered with Temenos, a Swiss-based software company that specializes in banking and finance software, serving a global clientele with innovative FinTech solutions.
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.”

Flutterwave teams up with Acquired.com to streamline outward remittances in EU and UK

Flutterwave, Africa’s leading payments technology company, and Acquired.com, a specialist in payment processing, have entered into a strategic partnership.
Sublime Security secures $20m in Series A funding to enhance AI-powered email security

Sublime Security secures $20m in Series A funding to enhance AI-powered email security

Sublime Security, an AI-powered, programmable email security platform, has successfully raised $20m in a Series A funding round.
Canadian FinTech firm Qohash secures $17.4m for AI data security expansion

Canadian FinTech firm Qohash secures $17.4m for AI data security expansion

Qohash, a leader in data security software, today announced it has secured $17.4m in Series B funding.
Northern Arc secures $80m boost from IFC, enhancing financial inclusion in India

Northern Arc secures $80m boost from IFC, enhancing financial inclusion in India

Northern Arc, a diversified non-banking financial company (NBFC), proudly announces securing an investment of $80m from the International Finance Corporation (IFC), a member of the World Bank Group.

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