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
- Generation X Definition
- European Central Bank (ECB) Definition
- Ambient Intelligence Definition
- Banking Of Things (BoT) Definition
- Crypto Exchange Definition
