Neobanking
A neobank exists solely online without any physical branches and independently or in partnership with traditional banks. This enables them to navigate and comply with the regulatory environment.
All edits by Kamilla Utepova
Edits on 16 Mar, 2022
Kamilla Utepova
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A neobank is a type of direct bank, that operates exclusively online without traditional physical branch networks. It's a wide umbrella of financial service providers. Neobanks can be called financial technology firms that provide digital and mobile-first financial solutions payments and money transfers, money lending, and more.
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