Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a smartphone or tablet. Unlike the related internet banking it uses software, usually called an app, provided by the financial institution for the purpose. Mobile banking is usually available on a 24-hour basis. Some financial institutions have restrictions on which accounts may be accessed through mobile banking, as well as a limit on the amount that can be transacted. Mobile banking is dependent on the availability of an internet or data connection to the mobile device.
Indiana Gregg born in Terre Haute, Indiana is a singer-songwriter and tech entrepreneur living in Lenzie near Glasgow, Scotland. Her music contains elements of pop, soul and folk. Releases include featured artist on Kool & the Gang's "The Hits Reloaded" where she performed their hit titled "Tonight" and a 2007 debut release of her album "Woman At Work" with singles "Sweet Things", "Love Is Blind" and "One of Us" released from the album in April, June and October 2007 respectively.
The National Payments Corporation of India is an umbrella organization for operating retail payments and settlement systems in India, is an initiative of the Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust Payment & Settlement Infrastructure in India. It was created by RBI for operating retail payments and settlement systems in India.
Simple was an American neobank based in Portland, Oregon. It was recognized as the first neobank and operated between 2009 and 2021.
Starling Bank is a British bank, occasionally referred to as a digital challenger bank or neobank, providing current and business bank accounts in the United Kingdom. Starling Bank is a licensed and regulated bank, founded by former Allied Irish Banks COO, Anne Boden, in January 2014. Since its founding, it has received over £500m of funding.
Revolut is a global neobank and financial technology company that offers banking services. Headquartered in London, it was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. It offers accounts featuring currency exchange, debit cards, virtual cards, Apple Pay, interest-bearing "vaults", stock trading, crypto, commodities, and other services.
Oxigen Services is an Indian fintech company. It is involved in the micropayment of services and remittances in real time.
N26 is a German neobank headquartered in Berlin, Germany. N26 was founded in 2013 in a Rocket Internet Incubator and currently operates in various member states of the Single Euro Payments Area (SEPA). It provides a free basic current account and a debit card, with overdraft and investment products and premium accounts available for a monthly fee.
SumUp is a global financial technology company headquartered in London, United Kingdom. SumUp supports more than 3.5 million merchants in over 30 markets worldwide, and operates a product suite of tailor-made business tools created specifically for the micro and nano segment.
Atom Bank is a retail bank in the United Kingdom. It is the United Kingdom's first bank built for smartphone or tablet, without any branches, and the first digital-only challenger bank to be granted a full UK regulatory licence. The company is based in Durham, England.
Solaris SE is a credit institution licensed in Germany, with headquarters in Berlin and branches in London, Paris, Milan, Madrid and Vilnius.
Brandon Timinsky is an American entrepreneur and public speaker. Brandon co-founded GasNinjas, a fuel delivery startup acquired by Silicon Valley-based Exajoule. Timinsky's previous projects include a digital agency, social media marketing services, two real estate technology platforms, wearables, and an automotive focused e-commerce business.
Volt Bank was an Australian consumer neobank, the first such bank to be issued with a restricted ADI licence by APRA. In June 2022, the bank announced it would permanently close its deposit-taking business and voluntarily return its banking licence, citing funding issues.
Qonto is a French online payment institution for freelancers and SMEs. The financial technology company was founded in 2016 and the initial product was launched in July 2017 in France.
A neobank is a type of direct bank that operates exclusively using online banking without traditional physical branch networks that challenge traditional banks.
Chime Financial, Inc. is a San Francisco–based financial technology company that partners with regional banks to provide certain fee-free mobile banking services. The company offers early access to paychecks, negative account balances without overdraft fees, high-yield savings accounts, peer-to-peer payments, and an interest-free secured credit card. Chime earns the majority of its revenue from the collection of interchange fees on debit card transactions.
Current is a New York City-based financial services and software development company (FinTech). It provides mobile banking services through its partner bank, Choice Financial Group, Member FDIC.
bunq B.V. is a Dutch fintech and neobank licensed in the Netherlands within the European Union and operating in 30 European countries. It was founded in Amsterdam where its headquarters are currently located.
Zenus Bank is an American digital bank headquartered in San Juan. Founded in 2019 by Mushegh Tovmasyan, the company operates with an international banking licence offering Personal, Business, Corporate and Institutional banking services direct to clients through mobile apps and online banking. This approach enables clients to remotely open accounts without the need to be a US citizen, resident or registered business. It currently services customers in over 90 countries.
The development of neobanks in Europe is a trend in the European financial landscape beginning in the 2010s. Neobanks are a type of digital-only bank that offer financial services primarily through mobile and web applications, with little or no reliance on physical branches. The trend was driven by advancements in technology, changing consumer preferences, and supportive regulatory frameworks. Neobanks provide a range of services, including personal accounts, loans, and payment services, with a focus on user-friendly interfaces, low fees, and innovative features. In 2022, European neobank market have generated over 570B transactions.
