Paris, FRANCE, 18th September 2023 – Basikon, the SaaS credit and leasing management system, and Numeral, the leading bank orchestration platform, today announce a strategic partnership to empower fintechs and financial institutions to launch new lending products with unprecedented time-to-market.
To build new lending experiences and launch new products, established players and growing fintechs alike have limited options. “Building their credit and leasing management systems in-house or reconfiguring and building upon robust yet hard-to-adapt monolithic banking platforms takes time and resources to fintechs and financial institutions. It requires them to manage long and complex technical projects instead of focusing on their lending products,” said Thomas Nokin at Basikon. Basikon enables fintechs and financial institutions to launch tailored lending products in no time through a cloud-based, low-code platform that is fully customisable and easy to integrate with existing systems.
Basikon and Numeral’s partnership add native access to SEPA and UK Bacs and FPS payment schemes through partner banks as well as complete payments and reconciliation automation to Basikon’s proposition.
“Payments are at the core of all lending products and their customer experience. From paying the first instalment to receiving the funds, consumers and businesses alike expect fast and reliable payments no matter the type of lending product used,” says Édouard Mandon, co-founder and CEO of Numeral. “A subpar payment infrastructure leads to a bad lending experience. Slow and unreliable reconciliations complexify the loan management process. In the case of BNPL, it slows down the merchant payouts. What’s more, lack of instant loan disbursement through instant payments is a competitive gap,” added Édouard Mandon.
“By partnering with Numeral, we enable our customers to further focus on building and distributing their lending offers rather than the supporting infrastructure,” added Thomas Nokin, CEO at Basikon.
Basikon is a Software as a Service designed by financing experts with cutting edge technology. Its architecture revolutionizes the way financial institutions collaborate with their partners and customers to manage any kind of loans, leases, guarantees and wholesales financing. Basikon hyperfront provides absolute flexibility for seamless customer and partner journeys, back-office automation and unleashes innovation in financing. Basikon ensures the security, scalability and simplicity to accelerate business growth.
Numeral is the bank orchestration platform designed for fintechs and financial institutions building advanced payment flows on top of their banking partners.
Through a single API and central dashboard, our platform empowers product and finance teams with seamless bank integrations, faster payments, real-time data visibility on accounts and payments as well as efficient workflows.
Numeral provides the payment infrastructure for European fintech trailblazers like Swile, Spendesk, and Alma and has a growing European client base. Numeral also partners with Europe’s leading banks, including Barclays, HSBC, Groupe BPCE, BNP Paribas and ABN Amro. Launched in 2021, Numeral has raised €13m from world-class investors like Balderton and eFounders.