ONCE borders begin to open and international travel starts to pick up again, non-residents of a certain country like foreign students, workers or maybe even travellers might need to open a bank account somewhere other than their home country. The process can be quite tedious for many.
To circumvent this issue, NeuXP launched its digital banking platform to ease fund transfers for expatriates, students and travellers.
NeuXP provide users with an omnichannel experience so that users would not have to leave the app in order to access other services.
Set to be launched in 3Q 2021, the mobile application will also allow users to access lifestyle services such as flight and accommodation bookings, online shopping and more, in different currencies whilst being overseas.
“Previously, travellers would need to go through the hassle of filling up documents, presenting employment/studying contracts, and verification of travel visas in order to open a bank account in foreign countries. With NeuXP, they will be able to bypass all that and get straight to accessing the services offered on our platform without the need to open a foreign bank account,” NeuXP co-founder, executive director and CEO Jeremy Mah.
To further accelerate the launch of NeuXP, Jeremy and his team are introducing Finnex Acquisition Corp (Finnex), a Special Purpose Acquisition Company (SPAC) built on the foundation of accelerating the launch of the all-new digital banking platform.
Finnex is the first Malaysian, not to mention Asian SPAC to be listed on the Milan Stock Exchange as early as June 2021.
Finnex will be led by a team of qualified and experienced industry experts, including financial, fintech, Mergers & Acquisitions (M&A), legal and audit professionals with some pioneers in the SPAC space.
“Through the formation of Finnex, we will be able to acquire businesses or entities in the banking and FinTech industries, especially those that are unlisted and undervalued by the market. This is mainly due to these two sectors being highly attractive and display large growth opportunities when coupled with the right modernised and sustainable strategies,” explained Mah.
Unlike other banking solutions, NeuXP integrates conventional digital banking solutions and fintech solutions at the back-end to provide a fully integrated offering to the users.
This is would allow users to connect these solutions globally and provide them with global access in one single platform.
NeuXP also launched it a digital banking space for businesses to serve entrepreneurs as a business automation platform to accelerate business growth, dubbed as Biz@NeuXP. Hopefully, the Biz@NeuXP model could be replicated in other countries like China. – April 24, 2021
