Neobanks, also known as digital banks, strategize and operate by leveraging technology to provide efficient, customer-centric financial services. Their approach encompasses several key elements: Digital-First Experience: Neobanks place importance on smooth digital interfaces and provide user-friendly mobile applications that make it easy for customers to handle their money. Cost-effectiveness: Neobanks can offer competitive interest rates and reduced fees because they don't need physical branches, which lo