Numeral, a leading payment technology provider, and HSBC Innovation Banking UK, renowned for supporting innovators and investors, have announced a strategic collaboration. This partnership enables companies to seamlessly integrate HSBC Innovation Banking UK’s payment and account services via Numeral’s APIs. This new offering is available to clients of both Numeral and HSBC Innovation Banking UK, including Qover, a prominent InsurTech, which is set to enhance its claim payout process using this integration.
The integration between Numeral’s platform and HSBC Innovation Banking UK’s cash management infrastructure allows for improved operational efficiency. Key benefits include:
– Payment Capabilities: Sending and receiving UK Bacs, CHAPS, FPS, SEPA, and Swift payments.
– Real-Time Data: Access to HSBC Innovation Banking UK’s account balances and transaction data.
Hugo Pires, Director of Global Treasury & Payments Advisor (FinTech) at HSBC Innovation Banking UK, expressed enthusiasm about the collaboration: “We’re delighted to offer our joint clients the opportunity to embed our payment and account services through Numeral’s APIs. It’s exciting to see how companies like Qover leverage this to enhance their processes and customer experience.”
Qover, which has heavily invested in improving its claim processing, will utilize the integration to streamline claim payouts. Ed Ackerman, Chief Customer Officer at Qover, stated: “By integrating with HSBC Innovation Banking UK through Numeral’s API, we can automate claim payouts upon approval and track them in real-time, significantly speeding up the process and enhancing operational efficiency.”
Édouard Mandon, Co-founder and CEO at Numeral, added: “Innovative companies often face challenges finding banking partners that understand their unique needs. Our collaboration with HSBC Innovation Banking UK combines our expertise to offer a seamless integration that addresses these challenges.”
This partnership aims to set a new standard for payment and accounting services, providing innovative companies with streamlined, efficient solutions to meet their evolving needs.
