Partnerships

majesco-munich-re-transformative-insurance platform

Munich Re partners with Majesco for transformative insurance platform

Majesco, an international front-runner in cloud insurance platform software, and Munich Re Specialty Group North America (MRSGNA), part of global reinsurance provider Munich Re, have announced their collaboration.

Shaping the future of US hurricane reinsurance: Kettle’s partnership with Reask

Leading ClimateTech firm Reask has announced its partnership with the innovative InsurTech MGA Kettle.

Meadow Lark Agency and OTR Solutions Collaborate to Innovate Carrier Payment Systems

Meadow Lark Agency, an asset-based 3PL company, and OTR Solutions, a factoring and trucking technology firm based in Atlanta, have joined forces to enhance Meadow Lark's carrier payment systems.
Plum partners with CityFALCON to add AI delivered news to app 

Plum, CityFALCON link to provide investors with AI-delivered news

Plum has revealed an innovative partnership with CityFALCON that will see its investors receive news delivered by AI when utilising its service. 

Mangopay and Spryker collaborate to revolutionise online platform development

Mangopay, the renowned platform-specific payment infrastructure provider, and Spryker, the leading composable commerce platform for advanced B2B Commerce, Enterprise Marketplaces, and Thing Commerce use cases, have declared their strategic alliance.
Treasury Prime and Astra team up to revolutionise real-time payments

Treasury Prime and Astra team up to revolutionise real-time payments

Treasury Prime, a frontrunner in embedded banking software, and Astra, a pioneer in advanced instant payment technology, have announced a new strategic collaboration.
Akur8 and Wüstenrot Gruppe have announced a new collaboration aimed at enhancing Wüstenrot’s pricing capabilities in Austria.

Akur8 partners with Wüstenrot Gruppe to enhance pricing capabilities in Austria

Akur8 and Wüstenrot Gruppe have announced a new collaboration aimed at enhancing Wüstenrot’s pricing capabilities in Austria.
Swoop, a prominent FinTech specialising in funding solutions, has joined forces with Sage, a leader in accounting, financial, HR, and payroll technology, to announce their ambitious global partnership.

Swoop and Sage partner to revolutionise business funding and cost-savings solutions

Swoop, a prominent FinTech specialising in funding solutions, has joined forces with Sage, a leader in accounting, financial, HR, and payroll technology, to announce their ambitious global partnership.
Navacord has partnered with Unity Managing Underwriters Ltd. to expand its array of underwriting solutions.

Navacord taps Unity Managing Underwriters to expand underwriting solutions

Navacord has partnered with Unity Managing Underwriters Ltd. to expand its array of underwriting solutions.
TrueLayer breaks ground as first open banking option on Stripe in Europe

TrueLayer breaks ground as first open banking option on Stripe in Europe

TrueLayer, the foremost player in Europe’s open banking payments scene, today made headlines by becoming the inaugural European open banking payment solution to be featured on Stripe’s Payment Element.
1234...93Page 3 of 93

Latest Analysis

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.
© FinTech Global © Copyright 2024. All rights reserved.

Technology partner
Advanced Vision IT

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2023 with details on each solution

120,000+ FinTech leaders get exclusive industry stories delivered every week