Will Neobanks Emerge as the Future of Finance?

Will Neobanks Emerge as the Future of Finance?

The past 12 months have seen an explosion in the digital banking (or neobank), industry, with a wave of new high-quality online banks bursting on to the market. Initially, many of these new banks were simply third-party banking apps with very limited functionality, focusing largely on students and travelers looking to save money with reduced fees.