SH Payments opts for Nano as core digital banking provider

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SH Payments, the tier one banking services provider, has chosen Nano as its core digital banking provider.

The Nano core banking platform, which was developed by software company Baltic Amber Solutions (BAS), seeks to enable seamless banking and payments across any chosen jurisdiction. 

The core banking technology draws on a myriad of payment options, from SWIFT, SEPA, payment cards to cryptocurrency, foreign exchange, all in one platform.

Khalid Talukder, Managing Director, Stanhope Financial Group said: “After an extensive search selection process, we chose the Nano platform for its superior offering, impressive digital capabilities, and breadth of choice, which is exactly what our clients are looking for. The BAS team also demonstrated a real flair for innovation, which runs through the company’s DNA, allowing us to collaborate on the growth and expansion of the SH Payments brand.

“We are particularly impressed by the team and their CEO who personally took interest in our vision and strategy for the wider group. After reviewing several market offerings, it was clear that the Nano platform has all the requirements we needed and more, meaning we are ‘match ready’ so our go-to-market strategy became easier to deploy, allowing us to offer a superior service to clients.” 

SH Payments, which is based in Lithuania, will offer a suite of specialist services, including FX payments, payments services and e-wallets. Its target market will be small and medium-sized enterprises (SMEs) in the European Union.

Narimantas Bloznelis, CEO & Co-Founder at Baltic Amber Solutions (BAS), added: “With traditional banks offering limited payments services and SMEs seeking new ways to send and receive funds, the Nano platform was designed to enable seamless access to emerging and newly established payments options, giving businesses real choice in challenging times.

“The SH Payments team brings with it extensive banking experience, expertise and a vast client portfolio, which is the perfect match for our platform. We look forward to helping develop a game-changing service that we hope will become the benchmark payments standard for ambitious SMEs across Europe and beyond.”