WALLDORF, Germany, Nov. 08, 2024 — Numisma Bank, a global currency distributor of U.S. banknotes, has commenced operations. Numisma is the first bank to obtain a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account and FedCash Services. 

To achieve its objectives, Numisma sought a reliable and experienced partner. Key to Numisma’s launch were solutions provided by SAP Fioneer, including S/4HANA Finance, Deposit Management, Payment Centralization and transaction screening via AFC (Anti Financial Crime), all deployed within SAP Fioneer’s Cloud for Banking (C4B).  

“Our partnership with Numisma demonstrates our commitment to customer focus,” said Marcin Karwiec, Head of Cloud Platform Products at SAP Fioneer. “We are dedicated to Numisma’s success, leveraging our market expertise and offering continuous support as they navigate the challenges of a new company. As Numisma embarks on this exciting journey, SAP Fioneer is proud to contribute to their mission of redefining banking innovation and enhancing the financial ecosystem.”  “SAP Fioneer’s robust, modular, and integrated technology is flexible enough to adapt to our unique requirements and scale as we grow. Their extensive experience in collaborating with several of the world’s central banks and supporting the distribution of their physical banknotes, their ability to establish a new banking environment within a few months along with the strong reputation of SAP business software is a combination rarely found, but precisely what we needed,” commented Vivek Tyagi, CEO at Numisma Bank.  

About Numisma Bank ()  

is a leading global distributor of banknotes committed to reliable, responsive, and efficient delivery of banknotes to its high-quality global client base. Numisma Bank is an appropriately capitalized U.S. (Connecticut) chartered and regulated bank with direct access to the Federal Reserve System including master account and cash services.  

About SAP Fioneer () 

was launched in 2021 as a joint venture between global technology leader SAP and entrepreneurial investor Dediq to become the world’s leading provider of financial services software solutions and platforms. With a broad ecosystem of partners, over 1,200 financial services customers and more than 1,300 employees, SAP Fioneer is a global business present in 17 countries across Europe, North and Latin America, Middle East, Africa and Asia-Pacific. 

By combining the speed and agility of a start-up with the proven capabilities of a best-in-class software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end. 

Contact
Julia Schwendner
SAP Fioneer
press@sapfioneer.com