Core banking systems

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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.

Santander hoovers up tech talent for digital overhaul

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Santander hoovers up tech talent for digital overhaul

Banco Santander recruited 4500 employees with tech skills in 2023 as it undergoes a comprehensive digital overhaul.

10x Banking gets capital injection

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10x Banking gets capital injection

10x Banking, the core operating supplier founded by former Barclays CEO Antony Jenkins, has picked up $50 million in fresh funding from existing investors Blackstone and JPMorgan Chase.

/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.

Finextra's top research reports of 2023

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Finextra's top research reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded whitepapers, sentiment papers and surveys over the course of the past year. These reports are Finextra-led and cobranded, based on editorially balanced, independent, referenced desk-based and online research.

Finextra's top impact study reports of 2023

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Finextra's top impact study reports of 2023

With 2023 drawing to a close, we take a look back at our most downloaded impact study reports over the course of the past year. Our impact study reports are how-to, best practice guides that support those in the financial industry in their utilisation and optimisation of particular technologies, as well as providing an outlook at future trends to watch.

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