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neobank

noun

Etymology

From neo- + bank.

  1. derived from *bʰeg-✻
  2. derived from *bankiz✻
  3. derived from *banki✻
  4. derived from bank
  5. derived from banca
  6. derived from banque
  7. inherited from banke
  8. prefixed as neobank — “neo + bank”

Definitions

  1. A modern type of direct bank that operates exclusively online without a traditional…

    A modern type of direct bank that operates exclusively online without a traditional physical branch network, often mobile-first and even without banking licence.

    • Digital-only neobanks, offering no-fee accounts, high-speed sign-ups and intuitive user interfaces, are hoping to disrupt the way Australians save and spend their money – by making products people actually like.
    • It comes only 18 months after Schroders ploughed £9.9m into the firm as part of a big funding round for Revolut, which the asset manager lauded as an “ambitious neobank”, in the summer of 2021.

The neighborhood

Vish — recursive loop

No curated loop yet for neobank. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA