UAE-based fintech NymCard has launched nCore FullStack, a unified payments infrastructure platform designed to help banks overhaul their fragmented and aging technology systems. The new platform consolidates issuing, lending, money movement, settlement, and compliance into a single, in-house system.
Quick Facts
- Unifies six core banking functions
- Replaces multiple legacy vendor systems
- Serves 60+ clients across eight markets
Ditching the Patchwork System
For years, banks have struggled with legacy systems that depend on a web of third-party vendors for different functions. This approach increases integration costs, creates operational complexity, and makes it difficult to launch new services without adding yet another vendor connection.
NymCard’s nCore platform aims to solve this by providing a single point of integration. By managing all payment-related capabilities through one system, banks can reduce the effort needed to maintain and synchronize disparate technologies and ensure better data consistency across their operations.
A Single Integration to Rule Them All
NymCard’s leadership argues that simply layering new connections on top of old infrastructure is not a sustainable path to modernization.
“Most banks are trying to modernise by adding one connection after another on top of an aging infrastructure,” said Omar Onsi, CEO and Founder of NymCard.
“We built nCore FullStack so a bank can integrate once, get the capabilities it needs, and customise over time, all with one partner instead of a new vendor for every product.”
Modern Features for a Flexible Future
The nCore platform supports a wide range of services, including the issuance of multiple card and wallet types, digital lending workflows, and both domestic and cross-border payments. It also handles real-time settlement for fiat and stablecoins, incorporates financial crime compliance tools, and provides automated reconciliation.
NymCard says its AI-assisted migration process allows banks to move away from legacy processors without disrupting active programs. To comply with regional regulations, the platform is deployment-agnostic, capable of running on public cloud, hybrid, on-soil, or on-premise environments while connecting directly to a bank’s core system.
About NymCard
NymCard is a MENA-based fintech company that provides a modern payments infrastructure for banks, fintechs, and enterprises. The company currently serves over 60 clients across eight markets and has raised more than US$70 million in funding to date.
Source: Fintech News AE
