{"id":7882,"date":"2022-02-14T20:34:03","date_gmt":"2022-02-14T15:04:03","guid":{"rendered":"https:\/\/polscienceweb.com\/?post_type=portfolio&#038;p=7882"},"modified":"2022-05-25T19:35:00","modified_gmt":"2022-05-25T14:05:00","slug":"what-are-neo-banks","status":"publish","type":"portfolio","link":"https:\/\/polscienceweb.com\/index.php\/portfolio\/what-are-neo-banks\/","title":{"rendered":"What are Neo-banks?"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<h4 class=\"has-text-align-center wp-block-heading\" id=\"the-emergence-of-new-age-banking\"><strong>The emergence of new-age banking<\/strong><\/h4>\n\n\n<div class=\"has-text-align-center wp-block-post-date\"><time datetime=\"2022-02-14T20:34:03+05:30\">14th February 2022<\/time><\/div>\n\n\n<div style=\"height:22px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<details class=\"wp-block-verse\" style=\"font-size: 18.5px; text-align: justify;\">\n<summary class=\"wo-block-verse\" style=\"font-size: 18.5px; text-align: center;\">Read more<br><br><\/summary>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18px; text-align: justify;\">Neo-banks are financial technology (<strong>fintech<\/strong>) companies that only operate online or through mobile apps. They are digital banks with no physical locations.<\/p>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18px; text-align: justify;\">Neo-banks are disrupting the traditional banking system by leveraging technology and artificial intelligence (AI ) to provide customers with various personalised services.<\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"advantages\"><strong>Advantages:<br><\/strong><\/h2>\n\n\n\n<div style=\"height:21px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ol class=\"wp-block-verse\" style=\"font-size: 18px; text-align: justify;\"><li>The most significant advantage of fintech is its <strong>accessibility<\/strong>. It offers technology that customers can access from anywhere in the world.<\/li><li>Not having to appear in person to open an account, <strong>quick implementation<\/strong> of payments and transfers, and so on. It even reduces operating costs.<\/li><li>Provide a <strong>user-friendly interface<\/strong>.<\/li><li>Help to <strong>analyse <\/strong>and track spending.<\/li><li>Can <strong>serve retail customers, small and medium-sized businesses<\/strong>, and so on.<\/li><\/ol>\n\n\n\n<p class=\"wp-block-verse\" style=\"font-size: 18px; text-align: justify;\">Since all transactions are completed through their smartphone application, this presents a challenge for those who are less comfortable with new technologies.<\/p>\n\n\n\n<\/details>\n\n\n\n<div style=\"height:19px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center\">Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/personal-finance\/how-neobanks-are-set-to-disrupt-the-financial-services-space-in-2022-8055701.html\" target=\"_blank\" rel=\"noreferrer noopener\">moneycontrol<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The emergence of new-age banking Neo-banks are financial technology (fintech) companies that only operate online&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7881,"comment_status":"closed","ping_status":"closed","template":"","portfolio-category":[428,436,426],"class_list":["post-7882","portfolio","type-portfolio","status-publish","has-post-thumbnail","hentry","portfolio-category-428","portfolio-category-february-2022","portfolio-category-newsfeed"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What are Neo-banks? - Politics Science News<\/title>\n<meta name=\"description\" content=\"Neo-banks are financial technology (fintech) companies that only operate online or through mobile apps. 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