The French home finance and savings solution provider 570easi has launched its own challenger bank, SOeasi, to offer what it says is the first Islamic ethics-focused neobank, according to Ruby Hinchliffe from FinTech Futures.
The new bank will address a massively underserved community of clients, who express a strong need for reliable financial services, with an ethical and socially responsible drive.
With the aim to offer a payment card, banking, savings and wealth management services, SOeasi is still in the development phase of its challenger journey. The project began this summer, but Elbya says the research and development for it “started long ago”.
For more information about the initiative, you can read the full announcement here.
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