Neobanks, Your Money and What to Look For in Safety
For many of us the term neobank is unfamiliar, but mention online only banking and â€œfintechâ€ and the picture begins to get clearer. A neobank is a is a type ofÂ bankÂ that operates exclusively online without physicalÂ branch networks. Some neobanks operate in partnership with a traditional bank and others are financial technology companies that offer bank like services. The latter is important to understand.