Witness the next evolution of digital banking platforms that integrates digital banking, payments, accounting, expense management, and taxation seamlessly and easily in one place. As a trusted neobank solutions development company, we help you launch and grow your neobank with a proven financial technology platform, whether you’re a Fintech startup, financial institution, or an established brand looking to explore new opportunities. Talk to our subject matter experts to get a demo of our neobank solution to gain an upper edge over your competitors.
Our scalable neobank solutions can streamline the way you process quick payouts regardless of your industry by integrating APIs and automating payments like never before! We have incorporated all the tools you could need to collect and track payments conveniently into our neobanking products.
Get hold of the finest bank account management solutions, which can make banking better for your company and give you more financial control over your business expenses.
Integrate our payment gateway with ease, collect payments via various channels, such as UPI and mobile wallets, and track them easily with our automatic accounting solution.
Our business payment solution controls bulk instant payouts, expedites invoicing, generates GST-ready invoices, and more to assist you in collecting and delivering payments.
Our scalable expense management solution streamlines your workforce spending and expenditures by issuing VISA and corporate credit cards to your team.
Enhance your financial operations with a choice of hand-picked applications and world-class rewards programs on services connected to your business account.
Get every advantage of a fully integrated payroll system with no hassles. You can quickly run payroll, pay salaries directly, and pay TDS with just a few clicks.
Manage all your accounting tasks in one platform that links to your company account, including bookkeeping, invoicing, and automated payment reconciliation.
Reap the benefits of automated banking by opening a virtual account and UPI ID to manage your finances, payments, accounting, reconciliation, and spending.
Get started with the easiest and smartest way to monitor, track, and control online spending in real-time for your business via digitally generated virtual cards.
Whether you provide wealth management services, leasing services, digital subscriptions, or insurance premiums, UPI AutoPay makes it easier to accept all recurring payments.
From a unique dashboard, monitor, track, and control everything from cash management to reimbursements to account payables and account receivables.
Our automated invoice management solution makes it as simple as possible to generate GST-compliant paperless invoices and seamlessly collect payments for your business.
We are aware of the difficulties of introducing unrivaled product offerings in the financial services industry. The capacity to create tailored experiences comprehend constantly changing client wants, and be agile are all requirements for current technological advancement. We have the required Fintech competence to turn your neobank solutions into a reality since we have deployed several digital solutions, including core banking apps and mobile banking systems.
Benefits of Digital Infrastructure
Benefits of Legacy Apps Migration
Benefits of real-time analytics
Benefits of R&D
Benefits of Personalized Apps
Benefits of DLT
Benefits of Microservices Design
Benefits of Enterprise Reporting
Benefits of Finance CRM
Schedule a free consultation with our experts for your neobank solutions development needs and offer your customers a full suite of digital financial services that fit their lifestyle.
The Neobanking model enables Fintech companies to collaborate with traditional banks to offer banking services and financial solutions. The finest of both worlds are available to Neobank users. Customers can profit from advancements in the Fintech sector while still using traditional banking services. Check out the following key benefits of a neobank:
By 2030, 80% of heritage financial services firms will cease operations and will be unable to compete with global digital platforms and Fintech apps.
A recent survey showed that the global neobanking market, estimated to be worth $47.39 Bn in 2021, is projected to expand at a CAGR of 53.4% from 2022 to 2030.
Based on a recent report by Statista, neobanking solutions have an average user penetration of 2.5% in 2022 and are expected to hit 5.8% by 2027.
Schedule a free consultation with one of our solution experts for your neobank solutions development needs and know how to do banking the way you’ve always wanted - simpler, smarter & better.
As the financial landscape is shifting towards customer experience and satisfaction, a disconnect has developed from what the traditional banks offer to what customers expect. Most traditional banks are bogged down by their legacy-based infra. So, they crumple when it comes to aiding SMEs with financial services like providing a payment gateway, invoicing, cash management, and many others.
Neobanking is the ideal solution to this issue. A digital bank without any physical locations is known as a neobank. Neobanking only takes place online, not in person at a particular location. Neobanks provide a comprehensive picture of the complete cash flow. They give transparent control of users' financial data and reduce administrative barriers.
We are the one-stop destination for your neobanking solution requirement:
1. Market research: We study the focus market and the existing Neobanks on the market at this stage.Our team analyses the benefits and drawbacks of neobanks that are already operational to enhance the performance of your product. Our team uses product discovery to learn more about your target market's needs and whether it would be worthwhile to develop a new product.
2. Start the Neobank Development Life Cycle: Our team must begin the neobank solution development life cycle to turn the design into a usable product. Here, we compare what you need to our already-built neobanking solution. If you require simple branding adjustments, you can implement the Neobank solution in a week. Based on your company's needs, our staff may additionally provide special features and functionality.
3. Launch: Now is the time for the market to see your product. The product launch process comprises thorough planning and is carried out methodically to ensure prospective customers accept the product favorably.
4. Analyze & Improve: We gather user feedback to improve the Neobank solution. The product does not end there. Our team tries to enhance the product and upgrades it with the new improvements made after evaluating customer feedback on the product.
We are thrilled and proud to have gained the trust of many changemakers, leading B2B and B2C companies, federal organizations, tech startups, and many others who appreciate the splendor of our neobanking products delivered across the banking space.
Fuel your business growth and profit potential by empowering the customers around your business with our neobanking suite. Connect with our solution experts to get started.
Everyone is curious to know more about the What's, Why's, and How's about the neobank development process. So we collected the most popular questions, and our experts have answered them to quench the thirst of those neobank enthusiasts. We hope you find your answers here and if not, worry not! Drop us your queries, and our experts will get back to you within the next 24hrs.
Neobanks are financial organizations that only have a digital presence and function online. They provide all standard banking services without needing a physical branch through a digital setup or mobile applications. These are a particular class of digital banks that meets the need for instantaneous money transfers, loans, payments, and other financial services from the tech-savvy age.
It is crucial to remember that these neobanks may not always hold a banking license and instead rely on their banking partners to provide financial services and goods. These banks are entirely digital. Additionally, they cannot seek a banking license since the RBI does not permit entirely digital activities. These neobanks are experts in combining technology and artificial intelligence to provide consumers with tailored financial services.
Neobanks use the "Banking as a Service" model. The current neobank landscape can be divided into three main categories:
There are now a relatively small number of neobanks with their digital banking license. The first or second categories best describe the majority of modern neobanks. The majority of neobanks have a bank as a partner because of this. Neobanks use banks as a platform to provide essential banking services.
These banks often have aging infrastructure and legacy systems. Neobanks added a layer of digital services and products over these traditional infrastructures to make financial services flexible, available, and scalable.
A neobank operates considerably differently from a typical or digital bank. These banks save a lot of money on operating and overhead expenses because they don't have any physical premises, branches, or personnel working at these branches.
It will encounter exceptional legal challenges because it is still a new technology.
Have a free consultation with our solution and legal experts to learn how you can address these concerns.
The cost involved in neobank solutions development depends on the solution configuration and the needed functionality. Contact us today to receive a cost estimate for your needs.
The solution functionalities and features determine the time needed to complete your neobank solutions development project successfully. The more intricate the functionality, the longer it takes to design, test, and launch it.