Neobanks - The Future of Banking

Neobank is the new buzzword in finance and is being touted as the future of banking. Neobanks thrive by disrupting banking system with their customer-centric digital offerings. The neobanking industry has witnessed strong growth across the globe. The first set of neobanks emerged from Europe. Now, it has become a global phenomenon, with one neobank being launched every five days over the last two years worldwide. Outlook remains bright, with incredible promise for future. Neobanks are expected to become mainstream with increased adoption in the times to come as the wave of digitization is here to stay.