With a current market size of $66.82 billion, as estimated by Statista, Neobanks is projected to rise to a staggering market size of over two trillion in 2030 with a CAGR of 53.4 per cent. It’s one of the fastest-growing industries.

This means competition will be increasingly tough as the market expands and more people begin to adopt the innovations presented by neobanks. So, what are some must-have features for a neobank to succeed?

Stash, the investing and banking app with more than 2M customers and nearly $3B in assets under management, announced today that it successfully built and launched Stash Core, its new, proprietary infrastructure platform that underpins the service for Americans who bank like investors. Stash Core is a world-class system that unlocks new innovations in banking, and, in the future, new capabilities in credit, savings, lending, and more.

Quadrant Knowledge Solutions announced today that it has named Bottomline as a 2022 technology leader for the SPARK Matrix^TM analysis in the global Insider Risk Management market.

Ria Money Transfer is now offering zero-fee transactions on all bank deposits to Pakistan, in a bid to help support those affected by the country’s devasting floods. This service will be available via the Ria Money Transfer app and website.

Loctax, the world’s first collaborative tax governance platform, has raised 12m USD to empower multinational companies to communicate their global total tax contributions with greater ease and clarity.

Inovatec Systems, a major provider of industry-leading, cloud-based software solutions for lenders, announced it has entered into a partnership with Provenir, a global leader in AI-powered risk decisioning software.

LEO International Payment System ("Finansovaya Kompaniya LEO" LLC) and NovaPay ("NovaPay" LLC) managed to increase the volume of money transfers within Ukraine by 6% compared to the beginning of the year. This information was announced by the Director of the Department of Payment Systems and Innovative Development of the National Bank of Ukraine Andriy Podderegin during his speech at the XXII Payments & Security EMA Conference, which was held by the Ukrainian Interbank Payment Systems Member Association.

Trulioo, a leading digital identity verification platform, has appointed Eric Morse as a chief revenue officer. Morse has decades of sales, technology and business development experience. He will lead the sales and customer success teams with a charge to accelerate the company’s growth trajectory, emphasizing global enterprise-level customers.

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, announced that it has successfully implemented its digital banking platform at Manitowoc, Wis.-based UnitedOne Credit Union (UnitedOne). The new solution delivers a consistent digital experience to UnitedOne’s members across all devices.

Aviva is delighted to have been named as winner of the Impact Award for Digital Reporting 2022 - Sustainable Investing Impact Reporting – Europe in the Third Annual Aite-Novarica Group Digital Wealth Management Impact Awards.  This recognizes the contribution to ESG investing Aviva has made with the delivery of the Aviva ESG Profiler, using FNZ Impact, an ESG solution integrated into FNZ’s wider global wealth management platform, on the Aviva Adviser Platform.