NEWS
Retro Rabbit joins forces with US global enterprise SmartTek21
South African founded and based software development company , Retro Rabbit , has announced it will join forces with SmartTek21 , a US-based AI-powered product engineering firm with global operations . This move significantly expands Retro Rabbit ’ s capabilities and reach into world markets .
SmartTek21 , a US owned , and Seattle based AI-powered product engineering firm specialises in integrating technologies from various disciplines into holistic solutions , making digital transformations seamless . The US entity boasts an expansive worldwide presence spanning the Americas , India , and Europe .
Founded in 2004 , Retro Rabbit designs and creates software that solves problems and delivers bottom-line value . The company operates extensively in the financial sector , where its focus on usability and security has made it a valued partner of major SA financial institutions and fintech ’ s but the same principles hold good in other sectors .
Retro Rabbit ’ s design first mantra ensures its software delivers solutions that work for businesses and their customers alike . The design is brought to life by a team of local highly skilled and committed technology experts .
Retro Rabbit CEO , Dion Nair , notes this development brings major opportunities for the local software company including :
• Access to advanced AI and data analytics capabilities .
Dion Nair
• Expanded product engineering resources across the US and India .
• Enhanced ability to support global operations .
“ Our commitment to delivering exceptional design-led solutions remains unchanged . This amalgamation with SmartTek21 gives us more tools and resources to drive complex business transformations and automate mission-critical business functions ,” says Nair .
SmartTek21 through deep expertise in AI , cloud , and automation , creates scalable , client-centric solutions tailored to diverse industry needs . The company ’ s focus ranges from intelligent process automation and custom software development to advanced cloud integration plus AI-powered customer experiences , ensuring businesses stay ahead in the digital age .
SmartTek21 leverages a global delivery model , blending agility and innovation to meet dynamic market needs across the globe .
FirstRand Group to implement cloud based banking platform Finxact from Fiserv
Fiserv , a global provider of payments and financial services technology , announced that the FirstRand Group , one of the largest banks in Africa with total assets of $ 130 billion , will become the first financial institution outside of the US to commission Finxact from Fiserv .
Listed on the Johannesburg Stock Exchange , JSE and the Namibian Stock Exchange ,
Kevin Mitchell Katia Karpova
NSX , FirstRand Limited is the largest financial institution by market capitalisation in Africa .
FirstRand portfolio of financial services businesses comprise FNB , WesBank , RMB , Aldermore and Ashburton . The group operates in South Africa , certain markets in sub-Saharan Africa and the UK , and offers a universal set of transactional , lending , investment and insurance products and services .
The cloud-native , real-time banking solution offers enhanced access to data , to power its digital transformation and support the broader innovation initiative and growth objectives of its customer franchises FNB , retail and commercial banking and RMB , corporate and investment banking .
FNB ’ s customers have 30 million active accounts and products with the bank and over time FNB , along with RMB will transition from its current provider , allowing maximum flexibility in offering new and innovative products to a broader market quickly , leveraging the mobile application and Internet banking investment , supporting its growth and customer centricity strategy .
Finxact is a modern system of record and a transaction processing engine that supports all asset classes , currencies and time zones .
“ After evaluating multiple options , we found that Finxact stood out as the preferred platform to deliver this level of agility and support the evolving needs of the business ,” said Kevin Mitchell , Chief Digital Officer , FirstRand Limited .
“ We are thrilled that FirstRand is the first financial institution outside of the US to move to Finxact , a trusted partner for a major modernisation ,” said Katia Karpova , EVP , Head of EMEA , Fiserv .
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