Here are some benefits of using a neobank:
Minimum overheads. With neobanking, the mobile application or the desktop interface is the only real estate to be maintained. As a result, Neobanks deliver financial services at a much lower cost.
Technology-driven. As we have already mentioned, neobank fintech startups are acing the implementation of technology into their business models, offering services above and beyond what traditional banks can offer.
Competitive interest rates. One of the highly demanded fintech trends is higher interest rates that also apply to many neobanks.
Ease of use. The impact of technology on banking processes has led to the fact that neobanks have equipped their platforms with convenient capabilities for effectively solving customer problems in real-time.
Learn more
#neobanks #fintech #digitalbanking #neobank
