Neo Bank
Definition of what Neo Bank stands for (in finance):
Refers to fintech businesses that entered the banking sector with innovative digital solutions, challenging incumbents. Examples include Monzo, N26, Neon, Revolut, and Starling. These digital-only banks operate without physical branches and emphasize a high degree of digitalization.
More Term Definitions
- Electronic Identity Verification (eIDV) Definition
- Objectives And Key Results (OKR) Definition
- Euro-on-Ledger Definition
- Huobi Token Definition
- Escrow Service Definition
