Paris, FRANCE, 19 December 2023 – Mambu, the global cloud banking platform, and Numeral, the payment technology provider, today announced a partnership to empower fintechs and financial institutions to launch new payments products and expand in new markets across Europe with unrivalled time-to-market.
Leveraging Mambu’s modern core banking technology, financial institutions can rapidly compose and implement the core banking system that best serves their needs. Combined with Numeral’s payment infrastructure, they can connect to the partner banks of their choice without any additional development.
“Most fintech companies, banks, and building societies access payment schemes and safeguard customer funds with partner banks. However, integrating with these banks is time-consuming because of heterogeneous and sometimes legacy connectivity. With the Numeral platform and its built-in bank integrations, Mambu customers can now connect out of the box to the partner banks of their choice and send and receive payments over multiple payment schemes (Bacs, FPS, SEPA,CHAPS , Swift),” says Manav Daryanani, Director, Global Partnership Development at Mambu.
Thanks to the integration of Numeral’s payment automation and bank reconciliation capabilities with Mambu’s banking and lending capabilities, the synergies expand the entirety of financial institutions' payment operations. “Building payment operations involves much more than initiating payments through a partner bank. With Numeral, Mambu clients can update their customer balances, customer loan schedules and internal accounting in real-time based on Numeral’s instant reconciliation of payments with transactions on connected bank accounts,” says Édouard Mandon, co-founder and CEO at Numeral.
By relying on Mambu and Numeral’s fully managed cloud solutions, joint customers can focus on building and distributing the best financial products for their customers rather than the IT systems supporting them to accelerate their time-to-market while reducing their total cost of ownership.
Mambu is the world’s only true SaaS cloud banking platform. Launched in 2011, Mambu fast-tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Our unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands. Mambu supports over 260 customers in over 65 countries - including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank.
Numeral is a payment technology provider which delivers the infrastructure for fintechs and banks to connect to partner banks, access schemes, and automate payment operations.
Through its payments, reconciliations, treasury, and risk and fraud management capabilities, Numeral enables its customers to launch new products and expand geographically faster, reduce total cost of ownership and make their payments more resilient.
Numeral provides the payment infrastructure for European fintech leaders like Swile, Spendesk, and Alma and has a growing European customer base Numeral also partners with Europe’s leading banks, including Barclays, HSBC, BPCE, BNP Paribas, and ABN AMRO. Launched in 2021, Numeral has raised €13m from world-class investors like Balderton and eFounders.
Numeral, Matthieu Blandineau, firstname.lastname@example.org.