Fintech Vietnam Outsourcing Development

Neobank is an increasingly popular keyword in the Fintech industry. However, not everyone clearly understands what Neobank is, or its advantages and disadvantages.   What is a Neobank? Neobank is a kind of  digital bank , with no transaction offices, no bank branches. It allows customers to open an account, manage money, register for a bank card, open a credit card, etc. through an application on a mobile phone or computer without having to go to the bank’s headquarters. The first Neobanks appeared in the UK, after the financial crisis ended. Faced with heavy financial losses, banks could no longer support each other in lending money. This caused the UK Government to change regulations, allowing digital banks to raise capital and build an online infrastructure platform before being licensed to become banks. Neobank was officially born from there.   The Pros of Neobank   Low fees   Like other online banks, Neobank has no costs associated with maintaining branches. Because there are fewe