Neobank
A neobank (also known as an online bank, internet-only bank, or digital bank) is a type of direct bank that operates exclusively online without traditional physical branch networks.[1][2][3]
| Part of a series on financial services |
| Banking |
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Types of banks
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Funds transfer |
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History
The term neobank first became prominent in 2017 to describe fintech based financial providers that were challenging traditional banks. There were two main types of company that provided services digitally: companies that applied for their own banking license and companies that partnered with a traditional bank to provide those financial services.[4]
List of neobanks
| Neobank | Region |
|---|---|
| Brubank | Argentina |
| Ualá | Argentina |
| ING Bank | Australia |
| Up | Australia |
| Tyro Payments | Australia |
| Volt Bank | Australia |
| Xinja | Australia |
| AION | Belgium |
| Nubank | Brazil |
| Koho | Canada |
| Tangerine | Canada |
| Simplii | Canada |
| Wealthsimple | Canada |
| Equitable Bank | Canada |
| WeBank[5] | China |
| Qonto | France |
| N26 | Germany |
| Sony Bank | Japan |
| bunq | Netherlands |
| Tinkoff Bank | Russia |
| Qiwi | Russia |
| Yandex.Money | Russia |
| K Bank | South Korea |
| KakaoBank | South Korea |
| Bnext | Spain |
| Atom Bank | United Kingdom |
| Monzo | United Kingdom |
| Revolut | United Kingdom |
| Starling Bank | United Kingdom |
| Ally | United States |
| Azlo | United States |
| Axos | United States |
| Chime | United States |
| First Internet | United States |
| Simple | United States |
| Good Money | United States |
| SoFi | United States |
| Varo | United States |
gollark: There are ones with tens of thousands of people.
gollark: Some servers likely have more actual activity then this even.
gollark: They'll be entirely fine.
gollark: It has rate limiting.
gollark: Go steal them from other servers.
See also
References
- Daet-Gibson, Blake. "How a NeoBank in Australia today, can fit into your financial setup". Medium. Retrieved 22 October 2019.
- CrouwdfundUp team. "What Is a Neo Bank and how are they disrupting traditional banking models?". Medium. Retrieved 31 December 2018.
- "The unstoppable rise of neobanks". World Finance. Retrieved 31 December 2018.
- "Mapping the Global NeoBank Landscape". Techfoliance. January 19, 2017.
- Wildau, Gabriel (5 January 2015). "Tencent launches China's first online-only bank". Financial Times. Retrieved 16 February 2015.
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