Fintech
Find out the latest developments of the week
By Gloria Mathias
Today
- ACI in the world
- APAC
- Avaloq
FinTechs continue to play a critical role in transforming and reshaping the traditional contours of the financial industry. As technology becomes more and more intertwined with financial services, FinTech innovations are not simply incremental, but rather disruptive, paving the way for greater efficiency, accessibility, and new business models.
This week’s FinTech Focus presents a curated selection of the most significant developments that underscore the dynamic nature of this sector.
Let’s take a look at the first five announcements made by the FinTech Big shots this week:
ACI Worldwide is pleased to join forces with RS2 to bring a sophisticated end-to-end issuance and acquisition solution to Brazil for the first time. Our new combined solution will be a game changer for the Brazilian market, enabling customers to drive business growth and capitalize on new revenue opportunities by launching new products and services.
Avaloq is excited to announce that we have successfully implemented OpenWealth at our long-time customer, LGT Private Bankin collaboration with Synpulse8. OpenWealth provides standardized connectivity between LGT and its financial intermediaries and provides them with near real-time access to the bank’s investment positions and transaction data. This, in turn, reduces operational risks and allows financial intermediaries to update their platforms with more timely and accurate data.
Thanks to Synpulse8’s standard adapter, the entire Avaloq community can now seamlessly integrate OpenWealth into its core banking systems, improving data exchange with its network of financial intermediaries.
Azenzio is pleased to announce that Popular Bank of Mauritania went live with iMAL Business Intelligence. The bank, one of the largest financial institutions in Mauritania, chose to implement iMAL Business Intelligence to streamline its data management processes and extract valuable and relevant information for data-driven business outcomes.
After five years of successful cooperation and a successful launch of the bank, the bank is fully regulated and approved by BaFin. Bank C24 GmbH and Mambu have announced an extension of their ongoing partnership.
Exciting news! Tuum is excited to announce the expansion of our partnership with Amazon Web Services (AWS)! Tuum is taking its partnership to the next level by introducing our next-generation core banking platform to AWS Marketplace. This move is set to revolutionize the way financial institutions adopt and deploy our cloud-native banking solutions.
Read also: IBSi FinTech Journal March 2024 Edition