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

Prize-Linked Neobank PrizePool Shutters App Ahead of Acquisition
Prize-Linked Neobank PrizePool Shutters App Ahead of Acquisition
August 25, 2024  |  Digital-First Banking

 Neobank PrizePool is reportedly shutting down its consumer app amid an acquisition.  That’s according to a report Sunday (Aug. 25) by Fintech Business Weekly, which...

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Revolut Rolls Out Latest App to 35 Million Global Accountholders
Revolut Rolls Out Latest App to 35 Million Global Accountholders
October 10, 2023  |  Digital Banking

Revolut has launched the latest version of its app — Revolut 10 — for its more than 35 million global accountholders. “You asked for all things money made...

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European Neobank N26 Integrates Dutch Payment Service iDEAL
European Neobank N26 Integrates Dutch Payment Service iDEAL
August 25, 2023  |  Digital Payments

European digital bank N26 has integrated the popular local payment service iDEAL into its banking experience in the Netherlands. This move aims to enhance the banking experience for N26 customers in...

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Upgrade’s $100M Deal for Uplift Brings BNPL for Travelers Into the Fold
Upgrade’s $100M Deal for Uplift Brings BNPL for Travelers Into the Fold
July 27, 2023  |  Buy Now Pay Later

The build vs. buy debate is a perennial one in technology, and in payments.  For neobank Upgrade, in the bid to extend its credit, mobile...

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Neobank bunq Launches Cash Back and Savings Interest
Neobank bunq Launches Cash Back and Savings Interest
July 18, 2023  |  Digital Banking

European neobank bunq has added cash-back and savings bonuses to its offerings designed for digital nomads. bunq now offers 1% cash back on food and...

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Papara Becomes Turkey’s First FinTech Unicorn With Beka Finance Deal
Papara Becomes Turkey’s First FinTech Unicorn With Beka Finance Deal
July 12, 2023  |  Digital Payments

Papara has become Turkey’s first FinTech unicorn company. The achievement — reaching a valuation over $1 billion — follows a major deal with Spain’s Beka...

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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  |  Digital-First 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  |  Digital-First 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  |  Digital-First 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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