Embat Acquires Necto, Strengthening Its Leadership in Global Corporate Banking Connectivity Through APIs
Embat, a European fintech specialising in real-time treasury management, has acquired Necto, a US-based company and the global leader in premium bank API connectivity, enabling seamless access to banking data and the execution and monitoring of instant payments.
This acquisition further strengthens Embat’s cloud-based platform, designed for finance teams within mid-sized and large enterprises. The solution centralises receivables, payments, and cash flow forecasting, automating accounting and bank reconciliation through AI. This enables immediate visibility of cash, liquidity, and debt while reducing operational workload by up to 75%. Additionally, the acquisition enhances Embat’s ability to support clients in key markets such as the UK, Spain, and the DACH region (Germany, Austria, and Switzerland).
Furthermore, the fintech bolsters its real-time banking connectivity infrastructure, expanding its integrations with leading financial institutions, including J.P. Morgan, Citi, Barclays, HSBC, Commerzbank, Deutsche Bank, and Wells Fargo, with a presence across North America, Europe, and Asia.
“At Embat, we are committed to modernising banking infrastructure through APIs, and Necto’s technology perfectly aligns with our vision. Their solution complements our banking connectivity capabilities and allows us to expand our coverage and partnerships with major global banks,” said Tomás Gil, Partner and CTO at Embat.
A strategic acquisition to enhance global banking connectivity
Necto’s technology enables companies to connect with multiple banks through a single access point, eliminating the need for individual integrations with each institution. This simplifies payment automation, bank reconciliation, and real-time financial data access. Since its inception, Necto has integrated more than 30 banks and nearly 100 API services.
“Necto’s global corporate bank API network enhances Embat’s advanced treasury platform by expanding seamless, real-time bank connectivity for corporate clients,” said Guido Schulz, CEO at Necto. “Together, we are strengthening Embat’s ability to deliver a unified, automated solution for cash and payments, redefining how corporates streamline banking and treasury operations at a global scale.”
Real-time banking connectivity is transforming treasury management
Traditionally, most businesses relied on ad-hoc bank connections to interact with their financial institutions. These methods were costly and required significant programming and maintenance efforts, leading to inefficiencies and delays.
Against this backdrop, Necto’s technology integrates seamlessly with Embat’s platform, offering a fully cloud-based service that meets rigorous cybersecurity standards SOC 2 compliance) equivalent to those required by leading financial institutions.
This synergy reinforces Embat’s commitment to innovation, equipping finance teams with a flexible, efficient, secure, and cost-effective infrastructure for treasury management.
Currently, Embat integrates with over 15,000 banking institutions and supports transactions in 70 currencies, managing financial flows for more than 300 corporate clients.
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