In Australia, Europe, and North America, neobanks are digital banks that operate without physical branches. Earlier, these banks used to operate by partnering with traditional banks due to the lack of banking licenses. But now the respective regulatory authorities issue licenses for their banking operations. Hence, licensed banks, also called Read more…
Neobanks are topping the charts in terms of capital, value, and business growth both in India and globally. If we look at any smart bird in the FinTech industry, they’ll recommend switching to neobanking, as it makes managing business finances a whole lot easier! While banking has been made simpler Read more…
Customers don’t want to think about banking. They just want it to work. Traditionally speaking, in India we’ve always been dependent on banks for any financial needs since 1750 BC. This is true for both individuals AND businesses. But this is 2021. Our needs as customers have evolved since 1750 Read more…
“If you want to start a financial company, instead of spending two years and millions of dollars in forming tons of partnerships, you can get all of that as a service and get going.” ~ Andressen Horowitz As the co-founder of Asia’s fastest-growing neobanking platform, my peers and I often Read more…
It’s often been said that we live in extraordinary times. Not only is it true of the pandemic we’re experiencing but also of the fintech revolution that is quietly taking place amongst us. As a founding member of one of the globe’s fastest-growing neobanks, I have had the good fortune Read more…
If you are someone who follows the fintech space at close heels, you would have definitely noticed the buzz word ‘neobanks’. While they were pretty popular in the US and European markets, it’s only recently that they hit the buzz wave in the Indian market. For years, banks struggled to Read more…
If you’re a freelancer you’d agree that being one can be as daunting as it’s rewarding. It’s like you are a one-man army, right? Right from finding a gig to taking care of your payments, it’s all you! Now, being the cheerleaders of the gig-economy, we at Open did a Read more…
Banking-as-a-Service (BaaS) is all the rage in the fintech community today. And we at Open were super excited to join forces with MEDICI to launch the first-ever extensive report on BaaS at one of the world’s largest Fintech events – the Singapore Fintech Festival. And it couldn’t have been better! Read more…
After hailing more rides on Uber than other public transports combined, I can’t imagine a time when Uber wasn’t around. How did nightlife thrive back then? I mean, how did the drunk ever even reach home? 🤔 Over the last couple of decades, the cab industry has whole-heartedly embraced Uber. Read more…
Struggling with your freelance finances & got no time for your gigs? Neo banks like Open can help you reclaim the time you spend on your business finances.