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February 3, 2023
Finance Technologies

Sogexia nabs Luxembourg licence, starts migrating 180k UK customers

Luxembourg-based neobank Sogexia has been granted a payment institution licence by the Minister of Finances of Luxembourg, gaining a European passport at the same time. The neobank announced the granting of its new licence this week, adding that it would begin migrating 180,000 customers, gained via the partnership with a UK-based banking partner, to its own systems. Sogexia says that “among other advantages” the migration will mean that it will be able to service its customers without the threat of Brexit. It adds that with the new licence it will be able to start the creation of optional French IBANs,…
Sogexia nabs Luxembourg licence, starts migrating 180k UK customers

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