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The Rapid Growth of Neobanks and Their Struggle to Gain Market Space for Traditional Banks
3 Articles
3 Articles
They have no branches, they are completely digital and often offer lower rates for their services: neobanks are financial institutions that operate exclusively online, through mobile applications and websites.
The neobanks offer several advantages over traditional banking, such as reduced or non-existent commissions, high profitability accounts and a digital user experience, simple and accessible. However, the mortgage market remains a pending subject: most users prefer to go to physical branches, as stated by the Catalan Competition Authority in a statement of June 2025. Still, some fintech entities are challenging banks in this field and offer optio…
Banking without branches attracts millions with simple, mobile and personalized products.
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- 100% of the sources lean Right
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