The Best Kept Secrets About Neo And Challenger Bank

 Neo bank are digital-only banks without any physical branches and operates on a partnered bank license in the market. These banks provide digital and mobile-first financial payment solutions, remittances & money transfers services, lending, checking & saving account, insurance, and mortgages completely via mobile applications. In addition, neo banks also provide value-added services such as automated accounting, expenses management, and payroll, especially to growing small & medium enterprises. 

Challenger banks are established firms and operate with a full banking license in the market. These banks provide services such as lending, investments & savings accounts, checking & merchant accounts, mobile banking, credit cards, mobile banking, and others (retirement savings, insurance products, and buying & selling of cryptocurrency). These banks are continuously challenging over existing traditional banks, by innovating & integrating several technologies in their product offerings. 

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KEY MARKET PLAYERS
- Atom Bank plc
- Fidor Solutions AG 
- Monzo Bank Limited 
- Movencorp, Inc. 
- MYbank
- Number26 GmbH 
- Simple Finance Technology Corporation 
- Tandem Bank
- UBank limited 
- WeBank 

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