Data & Analytics

Fintech Sandbox welcomes new data partners to empower startups worldwide

Fintech Sandbox welcomes new data partners to empower startups worldwide

In an exciting development for early-stage FinTech startups globally, Fintech Sandbox has announced a significant expansion of its data access offerings.
KPMG and Databricks join forces to revolutionise AI innovation in the UK

KPMG and Databricks join forces to revolutionise AI innovation in the UK

KPMG UK, a major player in the consulting and accounting industry, has entered into a strategic partnership with Databricks, renowned for its excellence in data and artificial intelligence (AI) solutions.

Pagos launches revolutionary payments benchmarking and unified data services

Pagos announced two additional services that are set to redefine how businesses utilise their payments data. These services, known as Flamingo and Puffin, offer groundbreaking solutions for payments performance benchmarking and the aggregation and harmonisation of data streams into comprehensive, downloadable reports.
Myko AI secures $2.7m from Khosla Ventures to revolutionise sales data analysis

Myko AI secures $2.7m from Khosla Ventures to revolutionise sales data analysis

Myko AI, a pioneering conversational artificial intelligence (AI) startup, has successfully raised $2.7m in seed funding. The investment round was led by Khosla Ventures, with...
Einblick joins Databricks: Revolutionizing data intelligence with AI-driven platforms

Einblick joins Databricks: Revolutionizing data intelligence with AI-driven platforms

Databricks, a leader in big data analytics and artificial intelligence, has officially welcomed Einblick, a trailblazing startup known for its innovative AI-native collaboration platform.
KlariVis revolutionises banking analytics with launch of new data-driven product

KlariVis revolutionises banking analytics with launch of new data-driven product

KlariVis, a trailblazing company at the forefront of optimising banking data analytics, is once again making waves in the industry with a new product. Known for its commitment to innovation, KlariVis has carved a niche for itself by transforming complex data into actionable insights for community banks and credit unions.

UnionBank Partners with Informatica for AI-Powered Customer Experience Transformation

UnionBank of the Philippines, a leading universal bank in the country, has embarked on a pivotal partnership with Informatica, a prominent enterprise cloud data management leader.
AI investment soars in European SMBs

AI investment soars in European SMBs

The latest study from Spendesk, a comprehensive spend management solution catering to SMEs, reveals significant insights into the burgeoning AI sector, particularly its impact on European small and medium-sized businesses (SMBs).
Finastra and Databricks forge alliance to revolutionize FinTech with advanced AI and data solutions

Finastra and Databricks forge alliance to revolutionize FinTech with advanced AI and data solutions

Finastra, a global leader in financial software applications and marketplaces, and Databricks, a renowned data and AI company, have announced a strategic collaboration.
Revolutionising liquidity management: Saxo Bank joins forces with FairXchange

Revolutionising liquidity management: Saxo Bank joins forces with FairXchange

Saxo Bank, a global leader in online trading and execution services, has recently partnered with FairXchange, a data science firm specialising in Foreign Exchange markets.

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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