Core banking systems

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GFT acquires Sophos Solutions from Advent International

Global digital transformation pioneer GFT Technologies SE (GFT) agreed to acquire 100% of shares in Colombia-based core banking expert Sophos Solutions S.A.S. With Sophos, GFT advances to one of the top 3 banking IT services providers across Latin America and also increases its global delivery capability. The purchase from Advent International, one of the largest and most experienced global private equity investors, is a clear sign of GFT's continued focus on growth and profitability.

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Jack Henry unveils Banno Business

Jack Henry (Nasdaq: JKHY) is pleased to announce Banno Business, a new solution that enables community and regional financial institutions to offer modern banking experiences for small-to-medium businesses (SMBs).

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Kurdistan International Islamic Bank selects iMAL core platform from Azentio Software

Kurdistan International Islamic Bank for Investment and Development (“KIB”), a leading Islamic financial institution in Iraq, has embarked on a digital transformation journey with the adoption of iMALTM, the industry-leading Islamic core banking platform from Azentio Software, a Singapore-headquartered technology firm owned by funds advised by Apax Partners.

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Dünya Katılım implements Fimple core banking platform in just six weeks

Fimple has achieved significant success in the field of financial technologies by launching its state-of-the-art core banking platform at Dünya Katılım in just 1.5 months.

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Arab Financial Services forges pact with Kiya.ai

Arab Financial Services (AFS), the Middle East and Africa region’s principal digital payment solutions provider and fintech enabler, and Kiya.ai the leading global fintech provider have announced a strategic partnership aimed at serving AFS’s regional bank clients alongside incumbent financial institutions and neo banks.

/cloud

Vertice gains $25 million in Series B

Vertice, the world's only integrated SaaS and cloud spend management platform, has today announced a $25 million Series B following a year of lightning fast revenue growth. The company has now raised a total of $51 million since January 2022, upping its valuation into the hundreds of millions. Vertice will use the capital to further fuel its pace of product innovation and accelerate its worldwide expansion.

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Intellect opens AI innovation centre in India

Intellect Design Arena Ltd, a cloud-native, future-ready, multi-product Financial Technology company for the world’s leading banking and insurance clients, proudly announces the inauguration of its cutting-edge Artificial Intelligence (AI) led innovation centre in GIFT CITY, an epic centre of Global Finance and IT.

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Visa closes Pismo acquisition

Visa (NYSE:V) today announced it has completed its acquisition of Pismo – a global cloud-native issuer processing and core banking platform.

/cloud

Allied Banking Corporation migrates core banking operations to the cloud with Finastra

Finastra has today announced that Allied Banking Corporation (Hong Kong) has successfully migrated its core banking operations to the cloud, at the same time upgrading from Finastra’s Equation core banking solution to its next-generation Essence solution.

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Temenos goes for faster time to upgrade with 'LEAP' modernisation programme

Temenos (SIX: TEMN) today announced the launch of Temenos LEAP, a new holistic modernization program, which enables Temenos clients to move to the latest Temenos platform, accelerating their journey to the cloud and Software-as-a-Service.

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Finastra deploys Databricks

Finastra, a global provider of financial software applications and marketplaces, today announced it is working with Databricks, a data and AI company, to provide more value-added solutions and services to its customers and partners globally.

/cloud

Temenos releases SaaS platform for retail, business and corporate banking

Temenos (SIX: TEMN) today launched end-to-end Temenos Enterprise Services on Temenos Banking Cloud to enable banks to deploy software solutions in just 24 hours and significantly reduce modernization costs.

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Danske Bank selects Backbase Engagement Banking platform for tech rebuild

Danske Bank has entered into an agreement with Backbase, which will enable them to provide their customers with the best digital customer experience and the latest innovative solutions.

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Flexys Solutions joins Thought Machine’s partner network

Flexys has partnered with Thought Machine to integrate its industry-leading Control+ debt management platform with Thought Machine’s cloud-native core banking platform, Vault Core.

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10x and Mast connect to enable real-time servicing for UK mortgage market

10x Banking, the transformational cloud-native SaaS core banking platform, and Mast, the cloud-native mortgage origination platform specialising in the UK market, are thrilled to announce their partnership, enabling real-time connectivity between the two systems.

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Temenos and Deloitte join forces in the US

Temenos (SIX: TEMN) and Deloitte today announced a partnership agreement to provide technology solutions to help US financial institutions accelerate core banking and payments modernization in the cloud.

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LPBank signs agreement with NGS and Finastra to deploy Kondor treasury package

Lien Viet Post Joint Stock Commercial Bank (LPBank) has chosen Finastra and NGS Equipment and Communication Joint Stock Company (NGS) to modernize its treasury capabilities.

/startups

Fimple tops up funding with additional $3.5 million investment

Following the $2 million investment obtained in the previous pre-seed round, Fimple has now secured an additional $3.5 million investment in the Bridge Investment tour, adding a new angel investor to its list.

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Trigger Software and Mambu present 'Neobank Engine'

Trigger Software presents a Neobank Engine solution powered by Mambu, a leading cloud banking platform, to enable the rapid launch of digital neobanks.

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Bankjoy signs InvesTex Credit Union

InvesTex Credit Union has partnered with leading digital banking provider, Bankjoy to provide a world-class online and mobile banking experience for its members.

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