Techfoliance Team | On 19 January 2017

‘Neobank’ is for sure among the Top 5 of the barbarian words that constitute the Fintech sector, along with Blockchain, Robo-advisors and others. But what is exactly a NeoBank? Who are the so called Neobanks?

Let’s be honest, the term ‘Neobank’ is confusing and now describes most companies that add a digital offer (light or sophisticated) to basic banking products and services, regardless of the banking licence.

According to BBVA, there are two main groups of NeoBanks:

“There are the companies that have no banking licence and only offer the customer a relationship-side service, either using a traditional bank for processing transactions or in a partnership model. […] Such companies focus the value they can offer on a better user experience […].

On the other hand, the second model involves those who seek to become all-in, one-stop-shop banks from the outset, but without branch-based distribution channels and set up as mobile banks. […] banks of this kind must obtain banking licences, which in most countries is a complex process and financially costly.

To give you a broader overview of what is being developed in the sector, Techfoliance is introducing you its list of the major neo-banks, digital-only banks and/or mobile-only banks in the world:

Neo-banks Landscape

Since it is the first update of our project “mapping the global neobanks landscape”, we invite you to add more names to complete our existing list in the comments below:

Last update: 19 January 2017

	logo	Name	Description	Country
1		Atom Bank	Here at Atom we're building a bank with none of the baggage of the past. Follow us to keep in touch.	UK
2		Banco Original	Banco Original is 100% digital and allows users to open a current account directly online.	Brazil
3		Bankaaol	Bankaool is like a traditionnal bank but clients can access their casual banking products and services without going to a branch.	Mexico
4		Bank Mobile	BankMobile makes managing your finances affordable, effortless, and financially empowering.	United States
5		BuddyBank	Banking has never been so sexy! coming up in 2017.	Italia
6		Chime	Saving money is hard. Banking with Chime makes it easy. Automate your savings.	United States
7		Civilised Bank	We’re building a new business and retail bank in the UK. Follow us if you like the sound of a civilised bank.	UK
8		Compte Nickel	The current account without banks.	France
9		DoPay	The easy payroll solution that makes everyone’s life better.	Egypt
10		Ffrees	The UK's first UnBank. We're a current account that helps you save up and gives ffreedom from the banks.	UK
11		Fidor Bank	Welcome to Fidor Bank. Our aim is to bringing banking closer to you.	Germany
12		Final	Introducing Final. A credit card built for the 21st century.	United States
13		GoBank	No overdraft fees, no worries.	United States
14		Hello Bank	We are Hello bank! and we encourage you to live out loud!	France
15		Holvi	Holvi is banking for Makers and Doers. Not an old fashioned bank but a modern financial service for the new wave of European entrepreneurs.	Finland
16		ImaginBank	Welcome to ImaginBank. The first bank where every operation you will make will go through your mobile.	Spain
17		InstaBank	Banking, reimagined.	Russia
18		Jibuan Bank	Jibuan is the first digital-only bank in Japan.	Japan
19		Kakao Bank	Mobile Wallet is the digital bank branch of the Korean company Kakao Talk.	Korea
20		Koho	Your financial life; simple, modern, mobile, free. We're what saving and spending should be.	Canada
21		Lintel	The best in the class Digital Bank for everyone living, working, visiting or studying in the UK.	UK
22		Loot	We're not a bank, we're better.	UK
23		Lunar Way	All you need moneywise, really.	Denmark
24		mBank	mBank has been a synonym for innovative banking solutions for years.	Poland
25		Monese	Open a UK banking account without a UK address or credit history in 120 seconds. Get paid, manage money, shop & send money abroad cheaply.	UK
26		Monizo	Monizo is the alternative bank account for freelancers that works out your taxes, tracks your expenses and helps you get paid on time.	UK
27		Monzo Bank	Building a bank as smart as your phone. Instant payment notifications, built-in budgeting and fee-free travel.	UK
28		Morning	Morning, a pioneer in cobanking, builds a neobank for your daily operations, and is entirely independant.	France
29		Moven	A debit account that tracks your money for you, instantly.	United States
30		MyBank	MYBank is the online and mobile bank powered by the chinese company Alibaba.	China
31		N26	Banking by Design. Run your entire financial life from your phone.	Germany
32		Neat	Current account for the Millennial generation.	China
33		Nest Bank	Nest is the digital bank for families.	Poland
34		NuBank	Nubank is a new generation of bank, 100% digital.	Brazil
35		Osper	Osper is reinventing banking for young people aging from 8 to 18 years old.	UK
36		Pockit	Pockit believes that access to banking services should be available to everyone.	UK
37		Qapital	Qapital is the everyday banking app that helps you save for the things you want in life.	Sweden
38		Qonto	Easy business banking. The banking alternative for entrepreneurs and startups.	France
39		Rocket Bank	Modern bank for modern people.	Russia
40		Secco Bank	A world where your worth is the contents of your character, not the contents of your wallet.	UK
41		Simple	The way banking should be.	United States
42		Soldo	Soldo is The Family Spending Account. Secure financial autonomy for everyone who matters.	Italia
43		Soon	Soon is a mobile-only bank for millennials.	France
44		Starling Bank	The account that evolves with you. We're creating an app that'll help you make better decisions with your money so you can experience more of what you love.	UK
45		Tandem	We all deserve a better, happier life with money. So we're building a good bank with a ton of people who agree.	UK
46		Tangerine Bank	Fluent in Money. Black Belt in Saving. Fee Fighter since '97.	Canada
47		Tide	The nimble small business banking service.	UK
48		WeBank	WeBank is the online and mobile bank powered by the chinese company Tencent.	China

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