B2B Payments

CloudWalk rakes in $190m Series B to bolster domestic presence

Brazilian payment technology firm CloudWalk has raised $190m from a Series B funding round.
Two nets Series A to aids its goal of accelerated B2B transactions

Two nets Series A to aids its goal of accelerated B2B transactions

Two, which is helping to make B2B transactions frictionless, has secured €18m in its Series A funding round.
Kiwibank and UnionPay join forces A new era for New Zealand's payment systems

Kiwibank and UnionPay join forces: A new era for New Zealand’s payment systems

UnionPay International (UPI), the global arm of a leading payment network, has formed an alliance with Kiwibank, New Zealand's local banking hero. This fresh collaboration ensures that Kiwibank's eligible merchants can now accept UnionPay cards for in-person transactions, commencing from the 1st of August, 2023.
Mirakl and Mangopay forge alliance to boost European marketplace growth

Mirakl and Mangopay forge alliance to boost European marketplace growth

Mirakl and Mangopay have announced a strategic partnership to drive the growth of European marketplaces through advanced payment solutions. Mirakl, a global leader in eCommerce...

Soldo launches new solution to help governments, local authorities and NGOs distribute emergency funds...

As the COVID-19 crisis continues to grow, spend management platform Soldo has launched a new solution named Soldo Care to enable governments, local authorities, and NGOs to distribute emergency aid to vulnerable citizens via Mastercard prepaid cards.

Payments platform Banked reportedly secures $2.35m in seed round

Banked, which support real-time payments, has reportedly secured $2.35m in a seed funding round led by Force Over Mass.
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.

Ghost raises $30m to grow B2B marketplace

Ghost has raised $30 million to grow its members-only B2B marketplace that helps brands and retailers move surplus inventory in its Series B funding round.

Tink bolsters open banking offering with FinTecSystems purchase

Swedish open banking startup Tink is set to acquire German firm FinTecSystems for an undisclosed amount.

Mastercard teams with Digital PayGo to support SME payments in Zambia

Mastercard has partnered with Digital PayGo to introduce a new mobile payments solution to help Zambian SMEs make and receive digital payments more safely.

News Stories

Duck Creek Technologies, a global provider of intelligent solutions for property and casualty (P&C) and general insurance, has announced the opening of a second Centre of Excellence (CoE) in Warsaw, Poland.

Duck Creek Technologies expands with new centre of excellence in Poland

Duck Creek Technologies, a global provider of intelligent solutions for property and casualty (P&C) and general insurance, has announced the opening of a second...
Reinsurance Group of America, a global leader in life and health reinsurance, has announced that its subsidiary, Ruby Re, has raised a total of $480m following a successful second capital round.

Life reinsurer Ruby Re secures $480m in funding

Reinsurance Group of America, a global leader in life and health reinsurance, has announced that its subsidiary, Ruby Re, has raised a total of...

Mastercard sets 2030 goal for number-free cards and passwordless payments

Mastercard today outlined a future for online payments that departs from traditional card numbers and passwords, emphasizing seamless transactions secured by biometrics and tokenization. By...
MAPTYCS, a provider of advanced analytics solutions for the insurance industry, has announced the appointment of Daniel Grimwood-Bird as chief revenue officer.

MAPTYCS appoints Daniel Grimwood-Bird as chief revenue officer to lead European expansion

MAPTYCS, a provider of advanced analytics solutions for the insurance industry, has announced the appointment of Daniel Grimwood-Bird as chief revenue officer. In his new...
Grasshopper, a digital bank focused on the business and innovation economy, has partnered with AI-driven EnFi to enhance operational efficiency and expand its digital banking capabilities.

Grasshopper teams up with EnFi for enhanced AI-powered risk monitoring

Grasshopper, a digital bank focused on the business and innovation economy, has partnered with AI-driven EnFi to enhance operational efficiency and expand its digital...

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