Revolutionizing Finance Globally and Locally: Exploring Neobanks
The Rise of Neobanks: A Global and Indian Perspective
Introduction:
In the fast-paced world of finance, a new player has emerged on the scene, changing the way we perceive and interact with traditional banking – Neobanks. These digital disruptors are not your typical brick-and-mortar banks; instead, they are sleek, agile, and entirely online. Let's delve into the global and Indian context of neobanks to understand how they are reshaping the financial landscape.
Global Overview:
Neobanks, also known as challenger banks or digital banks, have gained significant traction worldwide, challenging the dominance of traditional banking institutions. Unlike traditional banks, neobanks operate exclusively in the digital realm, with no physical branches. Their existence is facilitated by cutting-e...
