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Allianz Commercial has made a significant addition to its leadership team by appointing Claudia Valencia as the Global Head of Portfolio Solutions, effective from January 8, 2024.

Allianz Commercial reveals new Head of Portfolio Solutions to shape global strategy

Allianz Commercial has made a significant addition to its leadership team by appointing Claudia Valencia as the Global Head of Portfolio Solutions, effective from January 8, 2024.
Shiftboard, a renowned provider of enterprise workforce scheduling software tailored for organisations operating around the clock, has announced that Eric Amblard has joined the company's executive leadership team in the capacity of Chief Financial Officer (CFO).

Shiftboard selects Eric Amblard as its new Chief Financial Officer

Shiftboard, a renowned provider of enterprise workforce scheduling software tailored for organisations operating around the clock, has announced that Eric Amblard has joined the company's executive leadership team in the capacity of Chief Financial Officer (CFO).

European PayTech deal activity falls by 61% YoY as large deals over $100m disappear

Key European PayTech investment stats in Q3 2023: • PayTech deal activity reached 17 transactions in Q3 2023, a decline of 61% from last year’s...
Glia is set to integrate its DCS capabilities into Lumin's digital banking offering as part of a new partnership.

Glia’s Digital Interaction Solutions now available within Lumin’s Digital Banking Platform via new partnership

Glia is set to integrate its DCS capabilities into Lumin's digital banking offering as part of a new partnership.
Sonovate is the leading provider of end-to-end workflow technology and seamless access to finance at the point of need. Its funding and tech services cater to recruitment businesses, consultancies, and labour marketplaces who place permanent employees, contractors and freelancers around the world. Sonovate’s platform and expert service deliver swift credit decisions, same-day funding, credit insurance and collection services as well as timesheet and workflow automation, empowering companies to concentrate on expanding their business, confident that processes and funds are in place to meet payment deadlines. Since it started funding in 2014, Sonovate has lent over £4 billion to 3,300 businesses and 40,000 workers in 44 countries

India’s InsurTech sensation InsuranceDekho clinches $60m

India's InsurTech startup InsuranceDekho, which emerged from the automobile marketplace group CarDekho, has successfully secured $60m in its latest fundraising effort.

UK FinTech sees no deals over $100m in Q3 2023, last occurring in Q2...

Key UK FinTech investment stats in Q3 2023: • UK FinTech deal activity reached 85 deals in Q3 2023, 43% decline compared to the same...
Accelerate card service roll-out with Star's CardPro Accelerator

Accelerate card service roll-out with Star’s CardPro Accelerator

Star, a leading global technology consulting firm, links strategy, design, and engineering to assist businesses in propelling their growth and maximising value.
Leading WealthTech d1g1t secures funding for US expansion led by MissionOG

Leading WealthTech d1g1t secures funding for US expansion led by MissionOG

d1g1t, the institutional-grade wealth management platform catering to Financial Advisors, RIAs, and Multi-Family Offices, has successfully concluded a combined equity and venture debt financing round.
Visa and Lloyds Bank team up to unveil next-gen virtual card solution

Visa and Lloyds Bank team up to unveil next-gen virtual card solution

Visa, a global pioneer in digital payments, and Lloyds Bank, a key player in the UK banking sector, have joined forces.
Reseda Group fuels Goalsetter's innovative FinTech journey with $1m investment

Reseda Group fuels Goalsetter’s innovative FinTech journey with $1m investment

Reseda Group, a credit union service organisation fully owned by MSU Federal Credit Union (MSUFCU), has announced a partnership with the FinTech star, Goalsetter. Their collaboration aims to sculpt the upcoming generation of savers, investors, and credit union enthusiasts by infusing advanced financial tools and educational resources.
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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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