insurance and small business banking . Additionally , neobanks will be able to put greater emphasis on sustainability and financial inclusion , adopting eco-friendly practices and serving underbanked populations .
Laurent Descout says : “ Customers have had enough of poor service from banks and are moving towards newer , modern partners , particularly those that offer multiple services on a single platform .
“ Neobanks have also benefited from the recent banking crisis . This shook confidence in traditional banks which were historically viewed as ‘ safe ’, presenting a huge opportunity for fintech providers with transparent safeguarding policies . Since the banking crisis , we have had an increase in interest from businesses looking to open an account with us to diversify their risk .” fintechmagazine . com 81