What is a NeoBank ?

A mobile App from Neobank (86400)

According to its definitions a  neobank is a type of direct bank that is 100% digital. It interacts with its customers on mobile apps and personal computer platforms only. Neobanks function differently from regular banks as they do not operate traditional physical branch networks.

Neobanks are mostly technology-driven and may adopt machine learning , blockchain and other artificial intelligence technologies whilst not being constrained by legacy systems of traditional banking competitors.

Find out more about neobanks and digital banking by joining our Neobank Market Users Forums.

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