Financial Technology Innovations

2 words in this vocabulary list

noun a type of digital bank that operates exclusively online without any physical branches

  • The neobank offers a range of digital financial services without physical branches.
  • I signed up for a neobank because it's all online and convenient.
  • Neobanks are the new cool way to manage your money on your phone.
  • In the world of traditional banking, neobanks are like disruptors shaking things up.

noun a digital bank that offers mobile banking services

  • Monzo is a popular digital bank known for its user-friendly interface and innovative features.
  • I love using Monzo for tracking my spending and splitting bills with friends.
  • I'm gonna Venmo you for dinner, can you Monzo me back?
  • In the world of digital banking, Monzo is often seen as a trailblazer pushing the boundaries of traditional finance.