Neo Banking

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While traditional banks date back to almost decades ago, Neo banks are a very recent addition to the banking and fintech industry. The fundamental difference that exists between the two is the location.

Traditional banks serve through their physical standing and could cover several locations by setting up branches, whereas Neo banks (or digital banks) operate completely online without any branches.

However, traditional banks too cater to customers online through their websites and apps which are known as digital banks.

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