noun a type of digital bank that operates exclusively online without any physical branches
Neobanks are digital-only banks that operate exclusively online, offering services such as online account opening, budgeting tools, and easy money transfers.
Neobanks leverage technology to provide seamless and user-friendly banking experiences through mobile apps and online platforms.
Neobanks are at the forefront of digital banking, providing customers with convenient and efficient ways to manage their finances without the need for physical branches.
Neobanks are known for their innovative approach to banking, constantly introducing new features and functionalities to stay ahead of the competition.
Neobanks are often considered a subset of the fintech industry, as they focus on disrupting traditional banking models through innovative technologies.
Neobanks prioritize customer experience by offering personalized services, quick response times, and intuitive interfaces to enhance user satisfaction.
Neobanks predominantly offer their services through mobile banking apps, catering to the increasing demand for on-the-go banking solutions.
A writer may mention neobanks in articles about the future of banking or financial technology.
A financial analyst may include neobanks in reports or analysis on emerging trends in the banking industry.
An entrepreneur may consider partnering with a neobank to offer innovative financial services to customers.
A technology consultant may advise clients on implementing neobank solutions to improve their digital banking offerings.