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

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  |  Digital 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  |  Digital 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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Digital Banks Take Aim at Primary Accounts With Help of Platforms
Digital Banks Take Aim at Primary Accounts With Help of Platforms
February 13, 2023  |  Digital Banking

The ultimate aim for any FI is to become the home of the consumer’s primary account. That’s true of any provider — whether brick-and-mortar or...

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FinTechs Drive Consumer Financial Well-Being With Enhanced Spend Visibility
FinTechs Drive Consumer Financial Well-Being With Enhanced Spend Visibility
January 29, 2023  |  Consumer Finance

Klarna’s new “Money Story” highlights the importance of reviewing spending patterns. The new feature works like a Spotify-style year in review, but instead of showing...

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N26 Launches Crypto Trading in 5 European Countries
N26 Launches Crypto Trading in 5 European Countries
January 17, 2023  |  Cryptocurrency

The German neobank N26 has launched its crypto trading service in five new markets. Following an initial launch in Austria last October, the company announced...

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4 Trends Shaping EMEA Banking Sector in 2023
4 Trends Shaping EMEA Banking Sector in 2023
January 02, 2023  |  Banking

In this article, PYMNTS analyzes trends shaping the banking sector in the EMEA region. Zooming in on the different subregions shows that the EMEA banking...

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