Neobanks need global, programmable financial rails, but public blockchains expose too much financial data for real consumer finance. This article explains how Miden gives neobanks private-by-default infrastructure for cross-border payments, stablecoin transfers, recovery, and compliance while keeping the user experience simple.

Sempo is building a privacy-first neobank for MENA’s cross-border workers, using Miden to combine stablecoin speed and lower fees with private, compliant financial infrastructure. The product gives users a single regional account for receiving payments, holding dollar balances, sending money instantly, and converting locally, without exposing salaries or transaction histories on a public ledger.