Neobank App | Products — SGT Systems Limited

Overview

SGT Neobank App is a mobile-first digital bank built around a 5-minute account opening, a real-time multi-currency wallet, drag-to-save Pots, and instantly-issued virtual cards. There are no branches and no paper — just a phone, a passport, and a thumbprint.

Designed for digital natives, frequent travellers, freelancers, and small-business owners who want bank-grade reliability with fintech speed and pricing. Held under an EMI / banking licence with safeguarded funds, FSCS / FDIC cover where applicable, and a hash-chained audit log of every cent.

5-minute account — phone, address, ID scan, selfie liveness, sanctions screen, IBAN
Multi-currency pockets — hold GBP, EUR, USD, AED + 20 more at mid-market FX
Savings Pots — auto-round-up, payday sweeps, goal-progress bars, in-pot interest
Virtual + physical cards — instant virtual on tap, contactless physical card in 3 days

How It Works

The diagram shows the four layers of a neobank deployment. Hover any module to see live telemetry.

Neobank App — balance, quick-actions (send / top-up / freeze / FX), multi-currency pockets, savings Pots filling as money moves in, the colourful virtual card front, and the live transaction feed.
Core Banking — double-entry ledger that always balances and hash-chains, payment rails (Faster Payments / SEPA-Instant / SWIFT), AML-screened pipeline, mid-market FX engine with transparent margins.
Card & Fraud — Visa / Mastercard / Amex network connectors, 4-hop auth flow (card → acquirer → network → issuer), live tap stream, fraud-shield with velocity / geo / MCC / device fingerprinting, plus cashback tiers.
Onboarding & Compliance — 5-step stepper, PEP / sanctions / adverse-media screening, FCA-EMI licensing, FSCS protection, MLR-17 AML, GDPR, PSD2 Open Banking, PCI-DSS L1, SOC-2 Type II.

A continuous feedback channel pushes limit bumps, KYC refreshes, and per-card spend / merchant / geo controls back to the customer's device — the pink stream along the bottom.

Features

Instant accounts — GBP / EUR / USD / AED + 20 currencies, IBAN issued in seconds
Pots & Goals — round-up purchases, payday sweeps, in-pot interest, locked Pots
Virtual cards — issue, freeze, set per-merchant limits, single-use tokens for online
Mid-market FX — true mid-market rate, transparent fee (0% under £1K, 0.5% above)
Real-time spending insights — auto-categorisation, monthly budgets, alerts
Bill splitter — group, friends, instant settlement, no IOUs
Recurring / subscriptions — see all your subscriptions, cancel from inside the app
Open Banking — pull other accounts in, push payments out via PSD2
24/7 in-app chat — median first-response 45s, human agents 06:00–22:00
Travel mode — geo-unlocks, lounge access tier, dynamic limit bumps abroad
Crypto sleeve (optional) — buy / sell BTC, ETH, USDC at mid-market spread

Use Cases

Digital native — primary account replacing legacy bank, mobile-only banking
Frequent traveller — multi-currency pockets, fee-free withdrawals, lounge access
Freelancer / gig — quick invoicing, USD/EUR receipt, instant FX conversion
Family / household — joint Pots, kid sub-accounts with parental controls
SMB owner — business sub-account, expense cards per employee, accounting export
Remittance corridor — UK ↔ South Asia / Africa / SEA at mid-market FX

Specifications

Licensing: FCA EMI (UK), BaFin (EU), CBUAE (UAE) — partner-bank model elsewhere
Rails: Faster Payments, SEPA-SCT / SEPA-Instant, SWIFT MT103 / MT202, ACH (US), UPI (IN)
Cards: Visa & Mastercard issuing, Amex acquiring; chip + tap + Apple/Google/Samsung Pay
Currencies: 25+ hold currencies, 50+ send currencies at mid-market + 0–0.5% margin
Backend: Cloud-native Kubernetes, double-entry ledger TPS 1,247, p95 18 ms
Mobile: iOS 15+ / Android 10+; biometric (FaceID / fingerprint); offline read of last-30d
Security: AES-256 at rest, TLS 1.3, MFA + biometric, device-binding, FIDO2 keys
Insurance: FSCS £85K (UK), FDIC $250K (US via partner), safeguarded funds elsewhere
Compliance: SOC-2 Type II, PCI-DSS L1, ISO 27001, GDPR, MLR-17, FATCA / CRS reporting