{"id":569825,"date":"2025-08-29T08:23:58","date_gmt":"2025-08-29T07:23:58","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&#038;p=569825"},"modified":"2025-08-29T08:23:58","modified_gmt":"2025-08-29T07:23:58","slug":"the-weekly-wrap-all-you-need-to-know-by-friday-cob-aug-29th","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/the-weekly-wrap-all-you-need-to-know-by-friday-cob-aug-29th\/","title":{"rendered":"The Weekly Wrap: all you need to know by Friday COB | Aug 29th"},"content":{"rendered":"<p data-start=\"122\" data-end=\"683\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-524473 aligncenter\" src=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/11\/Weekly-Wrapup_450x300_V02-300x200.jpg\" alt=\"The Weekly Wrap\" width=\"300\" height=\"200\" srcset=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/11\/Weekly-Wrapup_450x300_V02-300x200.jpg 300w, https:\/\/ibsintelligence.com\/wp-content\/uploads\/2021\/11\/Weekly-Wrapup_450x300_V02.jpg 450w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><em><span id=\"speechify-first-word-listening-nudge-2\"><span id=\"speechify-first-word-listening-nudge-4\">The Weekly Wrap<\/span><\/span>\u00a0is published every Friday and recaps the week\u2019s main stories and deals, as well as upcoming events and announce<\/em><em>ments for Prime subscribers only.<\/em><\/p>\n<h4>The Big Story<\/h4>\n<p data-start=\"256\" data-end=\"734\">HCLTech\u00a0has partnered with\u00a0Thought Machine, the\u00a0<a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/capgemini-to-acquire-cloud4c-to-boost-ai-driven-cloud-services\/\" data-wpel-link=\"internal\">cloud<\/a>-native banking technology pioneer, to accelerate the modernisation of banks worldwide. This collaboration is designed to help financial institutions move beyond legacy infrastructure and embrace a new era of intelligent, autonomous banking, powered by artificial intelligence and cloud innovation.<\/p>\n<p data-start=\"736\" data-end=\"1238\">At the heart of this initiative is Vault, Thought Machine\u2019s next-generation core banking platform. By replacing traditional systems with Vault\u2019s flexible, cloud-native architecture, banks gain the ability to automate critical processes, increase operational efficiency, and deliver highly personalised customer experiences. HCLTech will complement this with its extensive expertise in banking technology, regulatory compliance and complex integrations, ensuring seamless transformation at scale.<\/p>\n<p data-start=\"1240\" data-end=\"1879\">As part of the alliance, HCLTech will deliver full-stack transformation services through Vault-certified delivery teams and its global FinTech Centres of Excellence (CoEs). The company will also establish a dedicated global CoE for Vault Core and Vault Payments, enabling banks to build modular, real-time and scalable platforms tailored for future-ready financial ecosystems. Underpinned by a robust DevSecOps foundation, the partnership equips both established institutions and new market entrants with the agility to accelerate innovation, reduce operational friction, and shorten time-to-market for new products and services.<\/p>\n<h4 data-speechify-salience-highlight=\"true\" data-speechify-salience-no-background=\"true\">Deals of the week<\/h4>\n<ul>\n<li>CredRight raises <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/credright-raises-10m-series-b-to-scale-credit-access-for-smes\/\">$10m<\/a> Series B to scale credit access for SMEs<\/li>\n<li>Transbnk secures <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/transbnk-secures-25m-series-b-funding-to-fuel-global-expansion\/\">$25m<\/a> Series B funding to fuel global expansion<\/li>\n<li>Backbase <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/backbase-drives-digital-banking-platform-for-libyan-islamic-bank\/\">drives<\/a> digital banking platform for Libyan Islamic Bank<\/li>\n<li>Moka United <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/moka-united-taps-algbra-labs-to-launch-digital-bank-in-uk\/\">taps<\/a> Algbra Labs to launch digital bank in UK<\/li>\n<li>Finshape <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/finshape-acquires-realtime-xls-to-boost-global-banking\/\">acquires<\/a> Realtime-XLS to boost global banking<\/li>\n<li>Maalexi secures <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/maalexi-secures-20m-to-scale-digital-trade-finance\/\">$20m<\/a> to scale digital trade finance<\/li>\n<li>Profile Software <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/profile-software-deploys-crediabanks-risk-compliance-platform\/\">deploys<\/a> CrediaBank\u2019s risk &amp; compliance platform<\/li>\n<li>Macquarie Bank<a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/macquarie-bank-taps-biocatch-trust-for-scam-prevention\/\"> taps<\/a> BioCatch Trust for scam prevention<\/li>\n<li>Aavishkaar Capital raises <a href=\"https:\/\/ibsintelligence.com\/ibsi-news\/aavishkaar-capital-raises-40m-to-expand-credit-for-smes\/\">$40m<\/a> to expand credit for SMEs<\/li>\n<\/ul>\n<h4>Be on the lookout for<\/h4>\n<p data-start=\"133\" data-end=\"498\"><a href=\"https:\/\/form.typeform.com\/to\/xmFS6p2T\" target=\"_blank\" rel=\"external noopener noreferrer\" data-wpel-link=\"external\"><em><strong data-start=\"133\" data-end=\"183\">Nominate Now!!<\/strong><\/em><\/a><\/p>\n<p data-start=\"133\" data-end=\"498\"><strong data-start=\"133\" data-end=\"183\">The IBSi Global FinTech Innovation Awards 2025<\/strong>, set to take place on\u00a0<strong data-start=\"206\" data-end=\"233\">21st November in Mumbai<\/strong>, will once again spotlight the most disruptive and transformative achievements in banking and financial technology. Now in its\u00a0<strong data-start=\"361\" data-end=\"377\">seventh year<\/strong>, the awards honour innovation across high-impact categories such as\u00a0<strong data-start=\"446\" data-end=\"497\">Core Banking, Digital Lending, AI\/ML, and GenAI<\/strong>.<\/p>\n<p data-start=\"500\" data-end=\"862\">After a record-breaking 2024 edition\u2014which drew\u00a0<strong data-start=\"548\" data-end=\"568\">400+ submissions<\/strong>\u00a0from\u00a0<strong data-start=\"574\" data-end=\"587\">155 banks<\/strong>\u00a0and\u00a0<strong data-start=\"592\" data-end=\"611\">90 tech vendors<\/strong>\u2014the upcoming awards are poised to set an even higher benchmark. Expect broader global participation, richer insights into bank\u2013tech collaboration, and a\u00a0<strong data-start=\"765\" data-end=\"796\">data-driven judging process<\/strong>\u00a0powered by IBS Intelligence\u2019s proprietary research and analytics.<\/p>\n<p data-start=\"864\" data-end=\"1109\">Beyond trophies, winners benefit from\u00a0<strong data-start=\"902\" data-end=\"926\">year-long visibility<\/strong>\u00a0through editorial features, thought leadership opportunities, and industry event integrations\u2014making this a platform not just for recognition, but for continued growth and influence.<\/p>\n<p data-start=\"1111\" data-end=\"1328\">Whether you\u2019re a startup reimagining digital onboarding or an established bank modernising at scale,\u00a0<strong data-start=\"1212\" data-end=\"1328\">GFIA 2025 offers the stage to showcase your innovation, impact, and scalability to the global FinTech community.<\/strong><\/p>\n","protected":false},"author":35621,"featured_media":554769,"parent":0,"template":"","categories":[11395],"tags":[12663,22204,11549,11515,28958,21391,34854,50383,19241,13870],"class_list":["post-569825","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","tag-ai","tag-deals-of-the-week","tag-financial-services","tag-fintech","tag-fintech-funding","tag-fintech-news","tag-hcltech","tag-ibsi-global-fintech-innovation-awards-2025","tag-the-weekly-wrap","tag-thought-machine"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Weekly Wrap: all you need to know by Friday COB | Aug 29th<\/title>\n<meta name=\"description\" content=\"HCLTech\u00a0has partnered with\u00a0Thought Machine, the\u00a0cloud-native banking technology pioneer, to accelerate the modernisation of banks worldwide.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/the-weekly-wrap-all-you-need-to-know-by-friday-cob-aug-29th\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Weekly Wrap: all you need to know by Friday COB | Aug 29th\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. 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