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Neobanks

New Age Finances | Industry Outlook

New Age FinancesA Deep Dive into the Growth of FinTechs and Neobanks Across AfricaScreenwriter: Marcus KaapaBetween 2007 and 2009, the world experienced the Great Recession, the worst financial crisis since the Great Depression that lasted…

Responding to the rise of neobanks

Neobanks first appeared about ten years ago. In 2014, there were just eight neobanks aiming to disrupt traditional banking by delivering digital-only customer experiences, largely aimed at digital natives, according to the…

Neo Banks vs Fixed Income Funds

Neo-banks or digital banks offer basic online banking services and a higher rate of return, unlike mutual funds which offer indexing benefits and better returns when interest rates start to rise. Neo-banks in India operate on a partnership…

What consumers value most

The pandemic has led to an unprecedented acceleration in digital usage, leading to increased e-commerce and less reliance on branches and cash. It has also resulted in many behavioral changes, many of which should last. For banks…

Ola buys the Indian neobank Avail

Indian mobility company Ola has announced its intention to acquire Avail Finance, an Indian neobank focused on blue-collar workers.Why is this important: While most know Ola for its ride-sharing business, the deal will expand its banking…

Neobank XTM Launches Visa Debit Card

Neobank XTM announced on Thursday January 27 that it has signed a partnership agreement with Visa that will see the payments giant launch a debit card for XTM's Today program. Based in Miami and Toronto, XTM says it helps businesses and…

How do neobanks deal with fraud?

The idea of ​​digital banking is not new, but the trend has grown rapidly in recent years. Banking on digital platforms is now part of the new normal. People are happier and more relaxed when banking on their…

What do SMEs want from their banks?

Most American businesses are smaller firms, employing nearly half of all American workers, according to the Small Business Administration. Even the COVID pandemic - and the resulting economic decline - was not powerful enough to stop these…

What does it take to build a bank?

The financial services industry is becoming an increasingly welcoming place for challenger banks looking to shake up the system. Reforms released in 2013 by the Bank of England and the then Financial Services Authority lowered…