Online fraud and FinCrime prevention technology expert, SEON has released its latest report, titled ‘Neobanking Index: The State of Neobanks in 2023’.

The report provides an up-to-date overview of the neobanking sector, leveraging recent research to assess growth and future growth trends, while also identifying the most common types of fraud affecting the space.

Key findings from the report include:

Following 12 years of continuous growth and in preparation to support future expansion plans, alternative finance lender Reward Finance Group has moved its national headquarters to new Grade A office space in the heart of Leeds’ thriving business district.

The 2nd edition of our flagship event calls upon 500+ of India’s brightest financial industry experts, fintech innovators and financial services stakeholders to explore the role of fintech and emerging opportunities in shaping the future of the Indian economy. With a renewed focus on fintech innovations, and emerging financial technology disruptions, 2nd Fintech India Summit & Awards will bring an expert speaker lineup and an interactive event experience to all the attendees. 

On 28^th August, Scottish fintech Know-it, led by CEO and Founder Lynne Darcey Quigley, will embark on the 2023 UK Fintech Trade Mission to Australia’s Intersekt Festival.

Recent data compiled by high-growth global trading platform Capital.com, revealed a strong correlation between Google search trends and the trading behaviour of its UK clients.

Currencycloud, the experts in simplifying business in a multi-currency world, has partnered with South Korea-based cross-border payment company MOIN to expand its global coverage while delivering faster processing times, lower transaction costs, and enhanced security measures to its customers every time they make cross-border payments.

WealthKernel, a leading provider of digital investment infrastructure, today announces the appointment of Aqsa Tariq as its new Chief Financial Officer. 

Having held key positions at FNZ Group, Goldman Sachs International, and EY LLP, Aqsa brings extensive financial and investment experience to the FinTech industry, covering business intelligence, strategic business planning, investment banking and risk management. 

P2P lending together with risky assets has all the potential to become an effective strategy for diversifying investment portfolios in terms of risk and return.

Analysts of the Robo.cash platform have studied multiple portfolio combinations using the Sharpe ratio. The maximum value of the ratio indicates the optimal asset allocation. As a result, 4 options with the highest Sharpe coefficient in each pair were chosen: P2P + Stocks, P2P + Bonds, P2P + Deposits and P2P + Crypto.

Cynergy Bank today announces that it has secured a £20 million Tier 2 capital facility from British Business Investments. The capital will be deployed across Cynergy Bank and Cynergy Business Finance.