Core Insights - Temenos, a banking software company, raised its 2025 outlook and reported third quarter earnings that exceeded market expectations [1] Financial Performance - The company reported third quarter earnings that were ahead of market expectations [1] Strategic Developments - Temenos is currently in the process of searching for a new chief executive [1]

Core Insights - Zeta, a software startup led by Bhavin Turakhia, is expanding its banking partnerships to digitize services after a successful pilot with HDFC Bank in India [1][2] - The company is valued at $2 billion and aims to onboard two large banks by mid-2026, currently engaging with around 39 to 40 top banks in India [2] - Zeta has been profitable in India for three years and expects to achieve global profitability by FY26, targeting $100 million in annual recurring revenue (ARR) [3] Company Strategy - Zeta focuses on end-to-end technological revamps for banks, emphasizing the importance of scale and new customer acquisition [4] - The company has a team of 1,600 members and typically hires between 100 to 400 people for each new partnership [4] - Earlier this year, Zeta raised $50 million from Optum, a subsidiary of UnitedHealth Group, to bolster its cash reserves for operational resilience [4] Technology and Partnerships - Zeta's full-stack platform supports core banking systems, credit card issuance, and digital banking applications, with a significant partnership with HDFC Bank [5][6] - The collaboration with HDFC Bank involved rebuilding the PayZapp app and creating a second credit card issuance platform, marking a significant milestone for Zeta [6] - Zeta had previously worked with banks like RBL Bank, Axis Bank, and IDFC First Bank on limited projects, but is now focusing on larger partnerships [6] Market Expansion - The company had ambitions to enter 30 markets after raising $250 million from SoftBank Vision Fund 2 in 2021 at a valuation of $1.45 billion [7] - Since its founding in 2015, Zeta has invested nearly $400 million in product and technology development [7]