{"title":"NEO BANKS - Opportunities and Challenges","authors":"Dr. B. Vijaya, Madhuri Waghmode","doi":"10.32628/ijsrst52411181","DOIUrl":null,"url":null,"abstract":"The banking sector is experiencing a metamorphic transformation over the last decade from accepting deposits and lending to the introduction of various new products and services. This study aims to bring out such new development in the banking sector called neo banks. This article is descriptive in nature. The present study attempts to describe the concept of neo banks, the difference between a neo bank and a traditional bank and the challenges faced by neo banks.","PeriodicalId":14387,"journal":{"name":"International Journal of Scientific Research in Science and Technology","volume":"171 ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Scientific Research in Science and Technology","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.32628/ijsrst52411181","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The banking sector is experiencing a metamorphic transformation over the last decade from accepting deposits and lending to the introduction of various new products and services. This study aims to bring out such new development in the banking sector called neo banks. This article is descriptive in nature. The present study attempts to describe the concept of neo banks, the difference between a neo bank and a traditional bank and the challenges faced by neo banks.