Neo Banking: The Future of Banking | Jellyfish Technologies

Victoriasmith5705 May, 2021Technology

The concept of Neo Banking was first introduced in the UK around 2017 and it remains a fairly new concept to many. This bank entirely functions online and does not have any physical branches. Neo banks provides digital and mobile financial services, such as money transfer and money-lending, among other services. It is an attempt to fill the gap between what customers want and what traditional banks are offering while providing fluidity. By incorporating the use of advanced technologies like Artificial Intelligence, Big Data, and Cloud Banking, Neo Banking has become successful in overcoming the challenges faced by traditional banking ways. Jellyfish Technologies have been continuously helping the banking industry to take over the advanced way of operating. Jellyfish Technologies understand the need of incorporating advanced banking technology to meet user expectations, thus providing the best banking software development across the globe.