Necto

Necto

Secure API aggregator offering real-time connectivity to multiple corporate banks, streamlining treasury operations and data management.

HQ location
New York City, United States
Launch date
Employees
Enterprise value
$32—48m
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Necto is a financial technology company that specializes in providing a secure API aggregator for corporate banking. The company serves a diverse range of clients including corporates, banks, treasury technology providers, Enterprise Resource Planning (ERP) systems, and Payment Service Providers (PSPs). Operating in the corporate banking sector, Necto simplifies the complex process of connecting to multiple bank APIs by offering a single endpoint for real-time data transfer. This allows businesses to accelerate their treasury operations and improve data management without the need to individually connect to each bank's unique API.

Necto's business model revolves around offering a subscription-based service where clients pay for access to their comprehensive developer resources and API connectivity solutions. This model ensures recurring revenue and scalability as more businesses seek to streamline their financial operations.

By advancing to bank API connectivity, clients can increase the speed of their processes and potentially open up new lines of revenue. Necto's platform is designed to be highly secure, adhering to stringent data protection regulations such as the Federal Data Protection Act (BDSG) and General Data Protection Regulation (GDPR).

In summary, Necto provides a crucial service for businesses that rely on corporate banking data, enabling them to evolve beyond antiquated financial messaging systems and focus on building their core applications.

Keywords: API aggregator, corporate banking, treasury operations, data management, real-time connectivity, ERP systems, PSPs, financial technology, secure data transfer, subscription-based service.

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