Data & Analytics

Tresata bags $50m investment, valuing it at $1bn

Data and analytics platform Tresata has closed $50m growth capital investment, giving the company a valuation of $1bn.

Insights platform Amenity Analytics bags $18m in its Series B

Amenity Analytics, an AI-powered insights platform, has closed its Series B on $18m, to support the growth of its team.

Deserve raises $50m round led by Goldman Sachs

Credit card company Deserve has just raised a massive $50m round led by investment bank Goldman Sachs.

Push Technology has netted £10m in new Series A investment round led by Maven...

Push Technology is about to aggressively expand its sales and marketing efforts to push its application programming interface (API) management solutions after raising a £10m Series A round.

The AI in FinTech market expected to balloon to be worth $22.6bn by 2025

While The global AI in FinTech market was estimated at to be worth $6.67bn in 2019, that figure is expected to reach $22.6bn by 2025.

Switzerland-based i2 Invest said to close $1.4m in funding round

Switzerland-based i2 Invest has reportedly closed a new funding round on $1.4m to help it launch two funds in Autumn.

Finland-based Rundit closes its seed round on €1m

Finland-based FinTech company Rundit has secured €1m in its seed funding round, which will help it streamline investor reporting.

Secret Network scores $11.5m to further develop DeFi and NFTs with privacy protection

Privacy-enabled blockchain firm Secret Network witnessed a slew of well-known organisations who invested in SCRT, the native coin of the Secret Community blockchain, totalling $11.5m.

Fingerprint Cards, Morix team to introduce biometric payment card in Japan

Swedish biometrics specialist Fingerprint Cards has partnered with Japanese electronics firm MoriX to develop and launch biometric payment cards in the Japanese market.

India’s Perfios hits $2bn valuation after Series C close

India-based Perfios, which builds financial statement analysis software, has reportedly reached a valuation of more than $2bn.
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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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