FinTech Numeral purchased by Cloud specialist

A recent Capgemini study stressed Most recently, the adoption of cloud solutions by financial actors has generated significant investments that do not yet seem to be generating. However, the specialized players behind cloud solutions are now becoming a reference in the latest technology market. This is the case with Mambu for example, who just bought a French FinTech payment: Numeral.

FACTS

• Mambu is a SaaS (Software as a Service) cloud banking platform that allows financial institutions to create, launch and manage banking products quickly and flexibly. It relies on cloud-based modular technology.

• By purchasing Numeral, she offers a specialist in payment, including instant payments.

• Numeral should now allow Mambu's customers, in particular Fintechs, to connect transparently to their partner banks, access the required payment schemes (SEPA, FPS, Bacs, etc.) and automate their payment operations.

• FinTechs and banks will thus, according to both partners, have the opportunity to launch and develop new payment products faster and at lower cost.

• Mambu's acquisition of Numeral results in Mambu taking a majority stake, which opens the possibility of taking full control of Numeral in the future.

ISSUES

• Creating synergy : This acquisition must create a synergy between the services of Mambu and Numeral, offering financial institutions a payment infrastructure presented as sustainable and compatibility with more than 15 European banks.

• Gaining expertise : Numeral brings Mambu an advanced technology platform to manage instant payments and other modern banking transactions. This integration will allow Mambu to enrich its basic banking offer and meet the growing demand for modern and modular payment solutions. Numeral technology also provides more than EUR 10 billion per year, particularly in the UK where it has been operating since last year.

• Entering a vast market Mambu and Numeral point out that in 2022 the total value of bank payments in the euro area reached EUR 191 000 billion. The trend is driven by the adoption of instant payment and is now a source of desire.

PERSPECTIVE

• Numeral has established itself over the years as a reference partner for the historical financial players of the Place in France. In 2023, for example, Numeral was approaching BPCE payment Services en launching the first gateway to Fintech, allowing them to access all SEPA payment schemes.

• Last June at BNP Paribas Signed a partnership agreement with Numeral to propel payment companies. The first beneficiary of this agreement was WorldFirst, a digital payment platform.

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