neobank

A neobank is a type of direct bank that is 100% digital and reaches customers on mobile apps and personal computer platforms only. Neobanks do not operate traditional physical branch networks.

Source: en.wikipedia.org

Digital-Only Banks May Already Be Winning the Savings Deposit War

Digital-Only Banks May Already Be Winning the Savings Deposit War
Digital-Only Banks May Already Be Winning the Savings Deposit War
June 08, 2023  |  Banking

Digital-only banks may fill the gap between traditional institutions’ low rates and Apple’s reported newcomer wrinkles.  As some of Apple’s first set of savings account...

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UK Neobanks Try Business Rewards Accounts to Win Over Small Businesses
UK Neobanks Try Business Rewards Accounts to Win Over Small Businesses
May 17, 2023  |  Banking

From high fees to complex applications and an impersonal service, the business current accounts offered by traditional banks still leave a lot to be desired,...

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Neobank N26 Debuts Interest-Bearing Savings Account in Spain
Neobank N26 Debuts Interest-Bearing Savings Account in Spain
May 16, 2023  |  Banking

Neobank N26 has launched a savings account in Spain as it weathers a turbulent period. The new Instant Savings account, announced Tuesday (May 26), offers eligible customers...

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Startups Fear Existential Threat Following Silicon Valley Bank Collapse
Startups Fear Existential Threat Following Silicon Valley Bank Collapse
March 26, 2023  |  Startups

Startups are worried that the Silicon Valley Bank collapse could bring about their own. That’s according to a report Saturday (March 25) by the Financial...

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FinTechs Struggle to Retain Consumer Trust in Africa
FinTechs Struggle to Retain Consumer Trust in Africa
February 24, 2023  |  Banking

There is no denying that trust plays an important role when it comes to payments transactions. And according to Isaac Kamuta, it’s one of the...

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Revolut Claims Profitability as UK Banking License Hangs in Balance
Revolut Claims Profitability as UK Banking License Hangs in Balance
February 19, 2023  |  Banking

British FinTech Revolut could be a step closer to getting its U.K. banking license. The company this week is expected to sign off on its...

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Vexi Raises $8M to Expand Access to Credit in Mexico
Vexi Raises $8M to Expand Access to Credit in Mexico
February 16, 2023  |  Financial Inclusion

Mexican neobank Vexi has raised $8 million in a Series A funding round. TechCrunch reported Thursday (Feb. 16) that the startup offers only a credit...

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Digital Banks May Benefit as Consumers Chase High-Yield Savings
Digital Banks May Benefit as Consumers Chase High-Yield Savings
February 14, 2023  |  Banking

There’s never been a better time for digital-first financial institutions (FIs), as customers are pulling their savings from big banks. The opposite seemed true just...

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