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How Neo banking and crypto banking are the future

Start

Concepts, explanation and advantages

CLOSE

Conclusions

crypto Video

Neo banking examples

NEO-banking Graph

neo banking Timeline

NEo banking Section

Crypto-banking Graph

Crypto banking Section

INDEX

Highlighted phrase

What is Neo banking?

What is Crypto banking?

1. Neo banking

Concepts, examples and advantages:

what is neo banking

Neo banks, also referred to as challenger banks, are financial institutions that offer banking services completely online. Unlike traditional banks, they don't have any physical branches. This allows them to focus on creating a user-friendly and mobile-centric banking experience. They typically offer accounts, debit cards, and sometimes other features like money transfers or budgeting tools. Because they don't have the overhead of physical locations, neo banks can often pass on lower fees and more competitive interest rates to customers.

This information represents the growth of neo banking in our country and that this type of banking is one of the most influential types of operations in our daily lifes.(This information is not complety validated but it was retreived from a known website.)

In billion USD(US$)

The evolution is here

This is a representation of the transaction values yearly from NEO-banking operations in Portugal in the last 7 years (2017)

+INFO

TIMELINE of neo banking (Revolut)

2015

The birth of a vision

2016

Rapid expansion

2018

Going global

In July 2015, Nikolay storonsky and Vlad Yatsenko , co-funded Revolut

The company went over the boarders of Europe (Australia, Singapore, Canada, USA and etc)

By November 2016 the bank processed $500 million in transactions

TIMELINE

2019

Recognition

2020

Innovations amidst a pandemic

2021-2024

Setting the bar higher and improving services

Introduced new features such as Revolut Junior, aimed at financial literacy for kids.

Revolut responded by introducing features that catered to changing consumer behavior

Revolut was granted a European banking license by the European Central Bank in December 2018 officialized in 2019

Examples of banks with neo banking

There is a lot of banks in Portugal that have adopted neo-banking features to their services.Some of them are:- Revolut(UK)- Curve(UK)- Skrill(UK)-Lydia(France)- Moey(Portugal)

2. Crypto banking

Concepts, examples and advantages:

what is crypto banking

Crypto banking is a new twist on traditional banking services, but instead of dealing with regular money like dollars or euros, it focuses on cryptocurrency. There are two main ways crypto banking works:

• Existing Banks with Crypto Features: Some traditional banks are adding crypto features to their services.
• Dedicated Crypto Banks: Entirely new financial institutions are popping up that focus solely on crypto banking.

In short, crypto banks bridge the gap between the familiar world of traditional banking and the new world of decentralized finance (DeFi) built on blockchains.

This information represents the growth of crypto banking in our country and that this type of banking is becoming more and more relevant on our economies.(This information is not complety validated but it was retreived from a known website.)

In Million USD(US$)

The rise of crypto

This is a representation of the transaction values yearly from crypto banking operations in Portugal in the last 7 years (2017)

+INFO

Whats is crypto and why it exists?

Now we are going to watch a part of a video made by the youtuber "Mrwhosetheboss" presented by Arun Maini, a britsih tech enthusiast and watch him epxlain this topics about crypto currency.(Video to end at 7:24)

“Innovation is the ability to see change as an opportunity, not a threat.”

– Steve Jobs, Founder of Apple.

CONCLUSIONS

Today, we've explored the exciting world of neo banking and crypto banking, both revolutionizing the financial landscape. Neo banks offer unparalleled convenience, lower fees, and a focus on user experience. Crypto banking unlocks a new frontier of financial inclusion and potential for growth. By embracing these innovations, you gain: -Seamless Management: Manage your traditional finances and potentially your crypto holdings within a single platform. -Cost-Effectiveness: Benefit from lower fees and potentially higher interest rates offered by neo banks. -Greater Control: Take charge of your finances with budgeting tools and real-time transaction tracking. -Accessibility: Crypto banking offers financial services to previously underserved communities. Neo banking and crypto banking represent the future of finance – a future that is mobile, efficient, and empowering. We encourage you to explore these options and discover how they can redefine your banking experience.

Made by Francisco Leal AKA Caloiro

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