A neobank is a digital-only bank that solely works online and has no physical branches.They offer banking services via mobile applications and websites, such as checking accounts, savings accounts, payments, and money transfers. Neobanks often provide an easy-to-use and intuitive digital experience, employing technology to expedite operations, lower costs, and deliver new financial solutions with simple and flexible banking alternatives.
Learn more about Developing a Neobank From Scratch: Key Steps And Expert Advice