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
- Research Online, Purchase Offline (RePo) Definition
- Framework Definition
- Headend Definition
- Anti-Money Laundering (AML)
- Point Of Contact (PoC) Definition
