Neo banks are the digital extension of traditional financial institutions via web/mobile interfaces in the hands of the users. Neo Banks identify their customer very closely and solve their day-to-day transactions with integrated banking and payments.
Neo banks are 100% digital; that brings down the costs packed with great customer experience. At the same time given its all-digital, there are a lot better transactional data details with trails allowing the banks to think of more innovative products and services.
Neo banks are all about customer choices, accessibility, and any time services.