NeoBank References

• fintech_devcon 2021: How neobanks make money with Saira Rahman
• Can We Trust Revolut? Neobanks explained
• Reasons why your startup should bank with Revolut Business
• NeoBank | The Future of Banking - Fortunesoft Video
• The Rise of Digital Challenger Banks

fintech_devcon 2021: How neobanks make money with Saira Rahman

This is good.

1. Interchange - rectified and proof that our initial positioning is spot on.

2. We need such a spokesperson like Saira Rahman for branding and awareness purposes. 

3. Focus on efficient.

4. A lot of liquidity requirements when growing deposit rapidly.

5. Regulatory capital - Put up a bunch of cash as proof to support their customer.

- Need to anticipate the pace of which the NeoBank is going to grow.

6. Try to target different niches and specialized in certain product. Target and acquire.

7. Balance sheet hedging

NMD - Non-Maturing Deposit = Largest liability

vs

Duration on Loan (extremely high yield for shorter period time possible)

Can We Trust Revolut? Neobanks explained

Good reference and 学习对象：

Investment in 3 clicks

Compliance, Anti-fraud

All key Revolut achievements KPIs as at 2021

Positioning:

Revolut - The Bank for Travelers.

- To reach as many global users as possible.

Reasons why your startup should bank with Revolut Business

1. Cash buffer

2. Super easy to open account

3. Multi-currency with real-time exchange rate

4. Multiple businesses on a Revolut business account

5. (Seamless) Integration with cloud accounting software (eg Xero)

6. Virtual Debit Card in 10 seconds

7. Keep it simple, keep it easy. 

8. Partner with Revolut - refer a business link

NeoBank | The Future of Banking - Fortunesoft Video

Neobank - digital only financial services

mobile-first financial solutions

tech-savvy and underbanked population

98 million users by 2024

- innovative banking and financial services
- attractive fees
- savings and expenses monitoring
- hassle-free account creation
- personalization

extending measures to financial inclusion

sustainable and lucrative business model in the fintech industry

emerging financial tool that has an exponential demand for world-wide adoption to provide niche solutions and detangle challenges of traditional banking.

The Rise of Digital Challenger Banks

1. Divestment from larger group (eg TSB from Llyods)
2. Wind down of a failed bank (Virgin Money from Northern Rock)
3. New entrants to the market 

Must get license from FCA Financial Conduct Authority

Protected by FSCS Financial Services Compensation Scheme?