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
- Return On Investment (ROI) Definition
- Mempool Definition
- Initial Coin Offering (ICO) Definition
- Deep Learning Definition
- WealthTech Definition
