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Nexi and Engineering Group collaborate to develop corporate digital banking package

Source: Nexi

Nexi, the leading European PayTech, and Engineering Group, international leader in the digitalization of processes for businesses and Public Administration, will develop a business partnership in digital banking and give life to NOVA, a technology platform designed for different business segments from SMEs to Large Corporate, characterized by a configurable service portfolio and a modular, natively open and cloud-oriented architecture.

A new solution that will bring together the best of the expertise and proprietary solutions of the two leading companies in the industry.

Thanks to this solution, Enterprises - through their Financial Institutions of reference - will be able to benefit from the most advanced “Digital Corporate Banking” functionalities through a single platform, capable of responding to the needs of every sector and business scale, offering maximum flexibility, customized tools and interfaces, high scalability and high operational efficiency.

Expected benefits also for Financial Institutions: in fact, NOVA will enable them a personalized management of Digital Corporate Banking solutions for businesses through the accelerated implementation of new services and an ecosystem of offerings based on their own and partner products such that management costs are optimized.

The partnership between Nexi and Engineering Group will also ensure the best specialized skills by combining the experience and know-how of the PayTech, which in corporate banking already manages more than 500 thousand locations, and the specialized skills of the 15 thousand employees of Engineering Group, present in 70 locations located in Europe, the United States and South America.

This is an agreement for the growth of a market that will give a significant boost to the remote banking offering, a strategic channel for the future of corporate and small business banking, for the success of which a specialized approach and strong investments are essential for its development.

“Thanks to this collaboration, we are providing banks with a state-of-the-art platform capable of offering a solution tailored to all businesses, guaranteeing them maximum flexibility, broad service coverage and modularity, and customization possibilities.” - comments Renato Martini, Digital Banking Solutions Director at Nexi Group - “This is a radical leap in the ecosystem of digital banking services for businesses as until now, there had been a lack of a single technology platform dedicated to businesses that served both large and small businesses, the latter of which are now typically managed with variants of the private”.

“With NOVA, we offer all European Financial Institutions a tool designed to manage ecosystems designed and built for different business segments. A best-in-class solution that not only responds to market challenges, but represents an unprecedented opportunity to optimize costs, customize offerings and rapidly scale your business. NOVA,” - comments Stefano Achermann, Vice President Financial Services of Engineering Group - “is our answer to the need for a tailored Digital Corporate Banking that is flexible and open to continuous innovation. Through our collaboration with Nexi we will put our expertise and leadership in the world of solutions and services to the corporate segment at the disposal of the European financial services industry.”

NOVA platform, thanks to a data-driven architecture based on APIs and micro-services, is designed to ensure continuous innovation, high scalability and multi-country operations. It also offers the opportunity to open digital banking to rapid and “seamless” integration with partner services, extending the end-to-end “value chain” to the end customer. The use of the Cloud also makes the solution scalable, enabling resilient performance to business jumps in scale. Intelligent engines on the Front End and AI enable interfaces and experience to be tailored to specific user needs.

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