Swiss banking technology vendor Temenos has inked an agreement to acquire hTrunk, an Indian developer of big data and analytics solutions for the banking industry.
With the acquisition, Temenos looks to strengthen its analytics product in the banking market. Adding hTrunk’s comprehensive data lake product to its portfolio, the banking technology provider will be able to ingest, blend and process structured and unstructured data in real-time, more seamlessly.
Temenos states: “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. In the near term, we also expect to see big data capabilities integrated directly into the Temenos T24 Transact and Temenos Infinity products.”