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
- Back-Office Definition
- Issuer Definition
- Banking Platform Definition
- Portfolio Optimization Definition
- Escrow Service Definition
