Hyperlayer, a London-based fintech company, has raised £19.5 million in a new funding round. The investment values the company at £195 million.
Founded by former Morgan Stanley executives, the firm focuses on providing a programmable banking platform. The company’s technology is designed to enable financial institutions to modernize their operations and digital capabilities without the need to undertake the complex and costly replacement of their existing core banking systems.
By offering this layer of programmability, Hyperlayer aims to assist banks in improving their technical agility while maintaining the stability of their foundational infrastructure.
Source: Finextra
Original article: https://www.finextra.com/newsarticle/48620/programmable-banking-platform-hyperlayer–raises-195m?utm_medium=rssfinextra&utm_source=finextrafeed
Leave a Reply