Neobanks stories

Ripple is set to acquire stablecoin payment platform Rail for USD $200M, boosting its digital asset network and simplifying cross-border payments for firms.

Digimune and ViaCarte partner to launch Identicate, a cyber protection platform offering Australian banks real-time identity theft alerts and financial fraud cover.

Backbase forecasts a USD $1 trillion transformation in banking by 2025, urging traditional banks to innovate or face a 30% market share loss to digital rivals.

Customer experience drives sustainable financial growth, risking AUD $87 billion if ignored. Digital banks leverage automation for seamless service.

Tonik, the Philippines' first neobank, has selected Noname Security to enhance cybersecurity measures for its digital platform.

According to Tonik founder and CEO Greg Krasnov, the company needed to drive its value proposition not just through cost, but also consumer trust.

vcita is a software platform for small business management that has a strong value proposition around helping micropreneurs to get paid for their services.

A new report by IDC and Backbase reveals that 63% of APAC customers are poised to switch to neobanks by 2025, challenging traditional banks.

Neobanks are catering to customers who are tired of the big banks and those who seek alternatives, says financial advisory firm Mozo.