Numisma Bank starts operations backed by SAP Fioneer Cloud for Banking

Core Insights - Numisma Bank has commenced operations as a global currency distributor of U.S. banknotes, backed by SAP Fioneer technology, and is the first bank to obtain a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account, and FedCash Services [1][4] Group 1: Numisma Bank - Numisma Bank is positioned as a reliable and efficient global distributor of banknotes, with direct access to the Federal Reserve System, including master account and cash services [4] - The bank aims to redefine banking innovation and enhance the financial ecosystem, leveraging its unique capabilities and regulatory framework [4] Group 2: SAP Fioneer - SAP Fioneer provides essential solutions for Numisma's launch, including S/4HANA Finance, Deposit Management, Payment Centralization, and transaction screening via Anti Financial Crime (AFC) [2] - The partnership with Numisma highlights SAP Fioneer's commitment to customer centricity and its extensive market knowledge, which supports Numisma in navigating the challenges of being a new company [3] - SAP Fioneer, established in 2021, aims to be a leading provider of financial services software solutions, with a presence in 17 countries and over 1,200 financial services customers [5][6]