Swiss core banking vendor Temenos has reached an agreement to acquire Indian data analytics startup htrunk.
"With the addition of hTrunk’s comprehensive data lake product, we will be able to ingest, blend, store and process both structured and unstructured data in real-time, allowing us to create next-generation, analytically-driven banking applications," states Temenos. "In the near term, we also expect to see big data capabilities integrated directly into the Temenos T24 Transact and Temenos Infinity products."
Founded in 2015, hTrunk has 30 employees and is based in Bangalore India. The company primarily services the local banking industry, including a number of Temenos T24 Transact customers.
The value of the transaction was undisclosed.