NeoXam has expanded and increased significantly following its takeover by Cathay Capital earlier this year. Since the acquisition by Cathay Capital & BPI in May, NeoXam has continued to expand globally through expansions in Germany, UK, South Africa, Israel, and Morocco.
Additionally, NeoXam has reached 500 employees this month, and has made an acquisition of its own 100M, a digital reporting fintech to consolidate its digital expertise. This follows the recent significant rise in investment activity in fintech this year, and a recent KPMG report found that investment in fintech firms sky-rocketed in Q2 this year.
Read the full article from Asset Servicing Times here.