Paris-based banking aggregation and payment automation platform Numeral has launched in the UK to help fintechs address the EU market by accessing Sepa and fighting IBAN discrimination.
IN BRIEF:
-The launch comes with the support of Sepa, Bacs, and FPS payments for UK fintechs, and follows integrations with UK banks SVB UK, Barclays, and HSBC.
-The firm has set its sights on the UK, where it says that, since Brexit, customers of fintechs have faced renewed cases of IBAN discrimination
-Victor Mithouard has also been appointed vice president of growth - the company's first executive in the UK.
What does this mean?
“Using Numeral, UK fintech companies can connect to and send and receive SEPA payments with the EU banks of their choice, effectively benefiting from EU IBANs,” says Édouard Mandon, CEO, Numeral.
