The Future of Neobanking

Abstract

In order to summarize the future development of neobanking in just a few words, it can be stated: neobanking is the future. A lot of new financial ecosystems will emerge, some of them in partnership with the existing banking institutions. The examples of such initiatives can be seen everywhere: Visa and Mastercard are becoming digital, Apple and Amazon are incorporating the financial services, Paypal is extending its services into the loyalty industry, even Twitter and Google are seeing themselves as payment service providers. It only remains to see how these neobanking ecosystems will be reshaped in the coming decade.