Neo banks: UPSC Daily Important Topic | 22 June 2022
Neo banks ✓Neo-banks are online-only financial technology (fintech) companies that operate solely digitally or via mobile apps. Simply put, neo-banks are digital banks without any physical branches. ✓Neo-banks are disrupting the traditional banking system by leveraging technology and artificial intelligence (AI) to offer a range of personalised services to customers. ✓On the other hand, traditional […]
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