- Currency risk management and alternative banking specialist Argentex announced French fintech Numeral as its strategic payment technology partner.
- The partnership will help Argentex optimize payment execution and give the firm advanced reconciliation capabilities.
- Headquartered in Paris, France, Numeral made its Finovate debut at FinovateEurope 2023 in London.
Currency risk management and alternative banking specialist Argentex has chosen Numeral as its strategic payment technology provider. The designation means that Argentex will leverage technology from the French fintech to transform its payments and FX infrastructure. Argentex will be able to streamline its connectivity with banks via a single integration point, supporting operations across 140 currencies in the UK, EU, UAE, and Australia.
Implementing Numeral’s technology will give Argentex three chief benefits. First, the deployment supports comprehensive banking integration coverage through a single platform. This optimizes payment execution efficiency across multiple banking partners for Swift, SEPA, and UK Faster Payments. Second, Argentex will leverage advanced reconciliation capabilities to ensure accurate financial record-keeping and operational accuracy of both cross-border payments and associated FX trades. Third, Numeral’s platform provides a flexible architecture that supports parallel instances for different geographical regions and business units. This helps maintain strict control and compliance standards.
“By selecting Numeral’s payment technology, we are reinforcing Argentex’s position at the forefront of multi-currency payment processing,” Argentex Chief Operating Officer Tim Rudman said. “The platform’s ability to centralize banking access through a single integration significantly reduces operational complexity while enabling us to uphold the highest standards of security, control, and compliance across our global payment operations.”
Headquartered in London, Argentex is a currency risk management and alternative banking specialist for businesses and financial institutions. The firm provides FCA-registered relationship managers and access to wholesale exchange rates from Tier 1 banks. Argentex clients further benefit from the ability to pay in and out of ring-fenced accounts and hedge their exposure using a wide variety of financial products. With more than 5,500 corporate and institutional clients, Argentex has transacted more than $200 billion for its clients since 2012.
“Argentex’s sophisticated requirements leverage the full potential of the Numeral platform and expertise—from managed multi-bank connectivity to the management of dozens of settlement accounts across multiple currencies and automating FX trade reconciliations,” Numeral Co-Founder and CEO Édouard Mandon said. “We are proud to support a global currency expert like Argentex in their ongoing pursuit of efficiency and innovation.”
Headquartered in Paris, France, Numeral made its Finovate debut at FinovateEurope 2023. At the conference, the company showed how financial institutions use its platform to automatically send, receive, and reconcile SEPA payments. Numeral also demonstrated how they can manage payment errors via SEPA R transactions using the platform.
Earlier this year, Numeral announced that Societe Generale went live with Numeral’s SEPA instant credit transfer integration for its indirect participants. In less than four months, three banks have launched SEPA instant payments by connecting their core banking systems to Societe Generale’s infrastructure and deploying Numeral’s instant payment capabilities.
Numeral began this year as a Mambu company, announcing its acquisition by the core banking system provider—and fellow Finovate alum—in December 2024.
Photo by Boris Ulzibat
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