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"neo bank" vs "neobank"

Both "neo bank" and "neobank" are correct, but "neobank" is the more commonly used and accepted term in the financial industry. It is a combination of the words "new" and "bank" to refer to a type of digital-only bank that operates exclusively online.

Last updated: April 01, 2024 • 583 views

"neo bank"

This is a correct term, but less commonly used than "neobank."

This term refers to a new type of bank that operates digitally without physical branches. It is a valid term but not as widely recognized as "neobank."
  • The nine nations that are participating in the neo-conquest of Mexico are comprised of banks, industries and commerce, all of it foreign.
  • Ruse sits along the banks of the Danube River. It is known as Little Vienna for its nineteenth-century Neo-Baroque architecture. Most of the city's buildings have broad facades and solid colonnades that define the architectural style of the period.
  • The former has jettisoned none of its neo-liberal cargo: there is absolutely no concept of democratic accountability at the European Central Bank, the Stability and Growth Pact is one-sided and the free market is championed.
  • whereas this policy and pressures exerted by the international financial institutions (the IMF, World Bank etc.) for liberalisation have created a wide movement of protest and call for alternatives to neo-liberalism,
  • The development of these bodies would enable African countries to escape the control of the World Bank and International Monetary Fund, tools of neo-colonial domination, and would mark the end of the CFA franc, the currency that 14 former French colonies are forced to use.

Alternatives:

  • digital bank
  • online bank
  • internet bank
  • virtual bank
  • fintech bank

"neobank"

This is the more commonly used and accepted term in the financial industry.

A neobank is a type of digital-only bank that operates exclusively online, without traditional physical branches. It is a combination of the words "new" and "bank."

Alternatives:

  • digital bank
  • online bank
  • internet bank
  • virtual bank
  • fintech bank

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