“New banks,” also known as “neo-banks” or “digital banks,” are a type of financial institution that primarily operates online or through mobile applications. These banks typically have no physical branches, which allows them to reduce overhead costs and offer their services at lower fees compared to traditional banks. What does “neo” mean at these banks? […]
Financial technology, or fintech, has rapidly transformed the way we manage our finances. It encompasses a range of new technological innovations that automate financial processes and improve financial services offered to businesses as well as individuals. In this article, we’ll take a closer look at some of the latest fintech developments and explore how fintech […]
While the term “open banking” might not be familiar to the everyday consumer, the concept has already been employed by financial service providers, and its adoption is increasingly gaining steam. Open banking refers to application programming interfaces (APIs) whereby financial data is aggregated. In other words, innovators and startups are providing APIs that allow access […]