Development of a turnkey Neo bank

Neobanks, also known as digital banks, are financial institutions that operate entirely online or through mobile apps, without any physical branches. They offer many of the same services as traditional banks, such as checking and savings accounts, debit cards, loans, and other financial products, but with an emphasis on a more convenient and streamlined user experience.

The main differences between neobanks and traditional banks are in their business models, customer experience, and technological innovations. Neobanks typically operate with less overhead than traditional banks because they lack physical branches and legacy systems. This allows them to offer their customers more competitive rates and better interest rates. They also offer a more personalized and intuitive digital experience with features such as mobile check deposit and real-time notifications.

Another key difference is how they use technology to enhance their services. Neobanks often rely on advanced data analytics and machine learning algorithms to personalise their offerings and improve risk management. They are also more responsive to customer needs and able to quickly develop and launch new products and features.

Neobanks are now used all over the world, although they are most common in developed countries such as the U.S., U.K., Europe and Australia. These markets have seen significant growth in recent years, driven by factors such as changing consumer preferences, advances in technology and increased regulatory support for digital banking.

In terms of regional growth, Asia Pacific is expected to be the fastest growing market for non-banks, driven by factors such as a large unbanked population, rapid digital adoption and favourable government policies. North America and Europe are also expected to see significant growth, driven by growing demand for digital banking services and the development of fintech startups.

According to a report by ResearchAndMarkets, the global unbanked market was valued at $34.76 billion in 2020 and is projected to reach $333.4 billion by 2028, growing 30.1% between 2021 and 2028. This growth is driven by several factors, including the growing adoption of smartphones and other mobile devices, the growing demand for digital financial services, and the growing trend toward financial inclusion.

Overall, the unbanked market is expected to continue to grow rapidly in the coming years as more consumers turn to digital banking solutions and traditional banks continue to come under pressure to modernise their offerings. Our company has developed more than one solution that is already enabling Banks and private companies to make millions of dollars a year.

Thanks to our many years of experience in developing financial products for top banks and neobanks, we carefully approach each stage of planning and implementation of modules to ensure that the client receives a quality product. Our features in development are:

When developing products, modules or neobank, we include several key steps:

We carry out a full development cycle of a utility token with subsequent marketing and legal support.