The Modern Market of Neo Banks and their Role of Fintech Companies’ Financing

This study analyzes the modern market of neo banks in different countries in order to determine their role in financing fintech companies. It is believed that the modern neo bank market requires a correction of strategic development, namely the growth of financing transactions (including lending to fintech companies from small and medium-sized businesses), which contribute to the turnover of intellectual and digital financial assets as collateral. The purpose of the study is to substantiate the feasibility of financing secured by intellectual and digital financial assets of Russian and Moscow fintech companies. Based on the analysis of the neo bank market in the world market and in the Russian Federation, the authors developed recommendations for improving the financing mechanism, including lending, secured by intellectual and digital financial assets, taking into account possible regional (Moscow) support. Theoretical analysis of scientific methods involving analysis, synthesis, and generalization of existing literature are utilized to meet the aim of the study. The article presents recommendations for improving the existing system of fintech companies’ financing based on the developed tools and mechanisms for attracting financial resources using intellectual and digital financial assets (DFA) to enhance the activities of fintech companies in Russia in general and the city of Moscow in particular.