Neobank
A neobank is a digital-first bank that operates primarily through mobile apps and online platforms, often built by fintech companies. Many neobanks have no physical branches and focus on streamlined user experiences.
Some neobanks operate under their own banking licenses, while others partner with regulated banks. They often offer features like real-time notifications, budgeting tools, and low-fee accounts.
Related Terms
Fintech
Financial Technology
Fintech refers to technology-driven innovation in financial services. It encompasses mobile banking,...
Digital Wallet
A digital wallet is an electronic device, software program, or online service that stores payment in...
Open Banking
Open banking is a system where banks share customer financial data with third-party providers throug...
API
Application Programming Interface
An API is a set of protocols and tools that allows different software applications to communicate wi...
Need to convert bank statements to spreadsheet format? Try our bank pdf to excel converter to easily export your transaction data to Excel or CSV.
The best offline currency converter.
Built for travelers.