The financial services industry is undergoing a revolution, driven by a new generation of financial institutions: neobanks. But what exactly are neobanks, and how are they shaking things up for traditional banks?
Neobanks, with their digital-centric business models, are uniquely positioned to embrace and drive sustainable practices within the financial sector.
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Traditionally, financial inclusion has been a tough nut to crack, with millions remaining unbanked or underbanked, especially in emerging economies. This is where neobanks have stepped in, taking a lead role in bridging the financial divide.