neobanking

Etymology

From neo- + banking.

neobanking means A modern type of direct banking that operates exclusively online without a traditional physical branch network, often mobile-first and even without banking licence. Lexicurio rates it Sui generis — a strength score of 95 out of 100.

noun

A modern type of direct banking that operates exclusively online without a traditional physical branch network, often mobile-first and even without banking licence.