hTrunk, an India-based company that provides big data and analytics solutions to the banking industry, announced this week it has been acquired by banking software firm Temenos. Founded in 2015, hTRUNK stated its product enables smarter data application development on Apache Hadoop leveraging Apache Spark as data processing layer. hTRUNK provides web-based, drag and drop interface to build, test, and manage Apache Hadoop applications and then deploy them instantly on Hadoop cluster. Speaking about the acquisition, Temenos stated:
“Through the integration of hTrunk we will strengthen our Analytics product, which is already recognized as a leading analytics solution in the banking space, and help banks leverage big data technologies, implement modern data lake architecture efficiently and unlock the value of their data.”
Temenos noted that with the addition of hTrunk’s comprehensive data lake product, it 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. Temenos added:
“In the near term, we also expect to see big data capabilities integrated directly into the Temenos T24 Transact and Temenos Infinity products.”
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“Through the integration of hTrunk we will strengthen our Analytics product, which is already recognized as a leading analytics solution in the banking space, and help banks leverage big data technologies, implement modern data lake architecture efficiently and unlock the value of their data.”
