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

Revolut Rebrands Service for Young People as Revolut <18
Revolut Rebrands Service for Young People as Revolut
August 17, 2022  |  Digital-First Banking

Revolut, the U.K.-based neobank with more than 20 million customers worldwide, has rebranded its service for 6- to 17-year-olds, which will now be known as...

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As Macro Headwinds Mount, UK Neobanks Revisit the Profit vs Growth Debate
As Macro Headwinds Mount, UK Neobanks Revisit the Profit vs Growth Debate
July 31, 2022  |  Digital Banking

The U.K. is home to popular digital-first challenger banks valued at over $1 billion such as Monzo, Revolut and Starling. Zopa, another British FinTech which...

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Indian Neobank Freo, Equitas Small Finance Bank Debut Digital Savings App FreoSave
Indian Neobank Freo, Equitas Small Finance Bank Debut Digital Savings App FreoSave
June 21, 2022  |  Digital-First Banking

Neobank Freo has rolled out a digital savings account, a report from Economic Times of India said Tuesday (June 21). Called FreoSave, the new service...

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The UAE’s Increasing Role as a Regional FinTech Hub
The UAE’s Increasing Role as a Regional FinTech Hub
June 15, 2022  |  Fintech Investments

Home to two booming international financial centers — emirates Abu Dhabi and Dubai — the United Arab Emirates (UAE), the third-largest economy in the Arab...

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Why Starling Bank CEO Said No to Crypto
Why Starling Bank CEO Said No to Crypto
June 09, 2022  |  Digital-First Banking

“We’re in a very dangerous phase,” said Starling Bank CEO Anne Boden in a session at the ongoing Money2020 Europe conference in Amsterdam when describing...

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Western Union Signals Grand Neobank Ambitions With Marqeta Pact
Western Union Signals Grand Neobank Ambitions With Marqeta Pact
June 07, 2022  |  Digital-First Banking

In one fell swoop, Western Union may become the biggest neobank of all — and its reach already touches roughly 150 million customers across 200...

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Marqeta TPV Grows 53% as BNPL Volumes Double, Travel Spending Snaps Back
Marqeta TPV Grows 53% as BNPL Volumes Double, Travel Spending Snaps Back
May 11, 2022  |  Earnings

Consumers have continued to spend using cards.  Buy now, pay later (BNPL) has become less a novelty than a firmly entrenched payment method.  Those trends...

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Neobank Bunq Acquires Belgian FinTech TriCount, Adding 5.4M Users
Neobank Bunq Acquires Belgian FinTech TriCount, Adding 5.4M Users
May 04, 2022  |  Acquisitions

Neobank Bunq, by acquiring Belgian FinTech TriCount, will add 5.4 million new users, a company press release said, and become Europe’s second-largest neobank, behind Revolut....

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Blockchain Tech Turns Companies Into Neobanks In Days Not Weeks
Blockchain Tech Turns Companies Into Neobanks In Days Not Weeks
June 21, 2021  |  Blockchain

Within the next five years, everything you know about consumer banking will change. “It will all be digitalized, and fiat currencies will be digitalized,” said...

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