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[RERUN] What are neobanks?
Manage episode 340510808 series 3362640
Content provided by Do you really know?. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Do you really know? or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Neobanks are 100% digital. They run exclusively through mobile apps, with no brick-and-mortar premises. They offer customers a user-first design, and promise low cost banking operations.
There are more and more neobanks around, drawing in millions of users and rivalling traditional banks, although they don’t technically hold the same status. Don’t confuse neobanks with digital banks, which are usually the online-only arms of bigger players in the banking sector. You may have heard of the SanFrancisco based neobank Chime, which is the leader in the US at the moment. But brands like N26, Revolut and Monzo are also bringing over their expertise from Europe, where the online-only trend is further ahead. All were created in the late 2010s.
So why would I want to try a neobank then? So what about our traditional brick-and-mortar banks? They’re not just going to disappear are they? In under 3 minutes, we answer your questions !
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2014 episodes
Share
Manage episode 340510808 series 3362640
Content provided by Do you really know?. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Do you really know? or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Neobanks are 100% digital. They run exclusively through mobile apps, with no brick-and-mortar premises. They offer customers a user-first design, and promise low cost banking operations.
There are more and more neobanks around, drawing in millions of users and rivalling traditional banks, although they don’t technically hold the same status. Don’t confuse neobanks with digital banks, which are usually the online-only arms of bigger players in the banking sector. You may have heard of the SanFrancisco based neobank Chime, which is the leader in the US at the moment. But brands like N26, Revolut and Monzo are also bringing over their expertise from Europe, where the online-only trend is further ahead. All were created in the late 2010s.
So why would I want to try a neobank then? So what about our traditional brick-and-mortar banks? They’re not just going to disappear are they? In under 3 minutes, we answer your questions !
To listen to the latest episodes, click here:
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A podcast written and realised by Joseph Chance.
In partnership with upday UK.
Learn more about your ad choices. Visit megaphone.fm/adchoices
2014 episodes
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America is more divided than ever—but it doesn’t have to be. Open to Debate offers an antidote to the chaos. We bring multiple perspectives together for real, nonpartisan debates. Debates that are structured, respectful, clever, provocative, and driven by the facts. Open to Debate is on a mission to restore balance to the public square through expert moderation, good-faith arguments, and reasoned analysis. We examine the issues of the day with the world’s most influential thinkers spanning s ...
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