Digital bank Zopa and credit marketplace ClearScore have unveiled a new cross-industry initiative to drive 10 million actions that strengthen consumer finances amidst the rising cost of living.

Digital payments specialist, Adflex, today announced a new partnership with Barclaycard to help simplify the acceptance of card payments across its B2B client base. By adding Barclaycard to its network of acquirers, Adflex is able to offer its enterprise merchants faster settlement, transparent reporting and more competitive merchant service fees.

OpenPayd, a leading global payments and Banking-as-a-Service (BaaS) platform has today announced the appointment of Richard Given as Group General Counsel, to oversee the group’s legal and regulatory work.

GoCardless, a leader in direct bank payment solutions, has launched Verified Mandates in France. Part of the GoCardless global ‘bank payment’ platform, Verified Mandates combines the Account Information Services (AIS) capabilities of open banking with bank debit to stop fraud before it happens.

Encompass Corporation, the leading provider of intelligently automated Know Your Customer (KYC) solutions, has been announced as the newest member to join the Global Legal Entity Identifier Foundation (GLEIF) Vendor Relationship Group.

ION, a global provider of trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management announce that ION GTP has won two categories at the 2022 FOW Asia Capital Markets Awards.

Building on its recently announced North American expansion, BankiFi has appointed Danny Piangerelli, formerly of Malauzai Software and Sensibill, highlighting the company’s commitment to targeted technology innovation for the North American market.

Following on from 12 months of hypergrowth, Brite Payments has hired Lisa Edström, formerly Chief Compliance Officer at Zettle by PayPal, as its new Compliance Director. The recruitment underpins the company’s compliance-first approach to payments innovation.

Match-Trade Technologies has partnered with Sumsub, a global verification platform, to make KYC processes easier and more reliable for Forex brokers in the company’s custom Client Office CRM.

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?