Neobanks are just like normal banks – they’re a place to put your money, a place to borrow money from and a place to hesitantly hand over interest repayments to – the only catch is they’re 100% digital. They’re usually not associated with any traditional banks, and have no branches you can visit, existing solely online.
While this may raise concern about a lack of personal touch, Neobanks plan to lead the pack in personalised banking by using artificial intelligence to keep track of your data and customise your app experience.
Connect with us to discuss on how BANKiQ – IFRM can leverages Behavioural Analytics and leverage on Cognitive Intelligence (AI-ML) to pro-actively prevent Fraud.