Neo Banking as a Service (NBaaS)

Q: How popular is a neo bank?

In the coming years, the popularity of neo banks will soar high because of the involvement of AI and blockchain. Studies by leading institutes show that the total number of users in the neo bank segment will reach 376.89 million by 2027. Accordingly, the total projected transaction value will reach $8.97 trillion by 2027.

Q: What are the benefits of a neo bank?

Do you want to learn more about what a neo bank offers the FinTech business and how it might help their business? Consider the benefits listed below: Low cost : One major advantage of a neo bank is that it is much more cost effective than traditional bank providers. Compared to traditional banks, it has very few regulations and credit risks as it does not involve the cost of running the physical branches. Convenience : Neo banks are highly convenient for users as the entire banking services are available digitally whenever needed. Customer Orientation : Neo banks emphasize the look and feel of the platform, while traditional banking platforms are quite outdated. Smart Reporting : It offers a detailed overview of user spending and daily expenses and checks whether the money-saving goals are achieved. Fast Processing Time : Neo banks have a much faster processing time when compared to traditional banks. International Payments at Ease : You can make international payments possible instantly through a neobank-based debit card or credit card. Value-added Services : Since banking is much more than just payment and cash transfer, as such offers many value-added services. Advanced Security Features : Since it's built for banking services, neo banks employ some of the most advanced security features, including 2FA, biometric, RBAC, etc.

Q: What type of legal challenges will the neo bank development raise?

Neo bank development will undeniably encounter many unique legal challenges because it is still a growing technology. Regulatory ambiguity Data privacy Data security Anti-money-laundering regulations Counter-terrorist financing regulations KYC regulations Digital identity guidelines Request a free consultation from one of our neo bank experts to find out how to tackle these issues.

Q: Why choose Accubits as your neo banking as a service provider?

Our neo bank solution experts partner with you to build future-proof neo banking solutions and help you reap the benefits of financial technology based on real-world use cases. We employ the best neo bank development practices to adapt to any changes in project requirements while at the same time ensuring that the project delivery is on schedule. Our team is adaptable to applying our neo bank development techniques across your project to meet the project demands. To offer cutting-edge technology to our clients, we have partnered with the top banking technology providers and platforms around the globe. We have over seven years of experience in the FinTech sector. For our technological innovation and strategic product development practice, we were honored with the renowned Frost & Sullivan award for the best blockchain development company. Our experts have developed excellent solutions for several business startups, government organizations, financial institutions, and Fortune 500 companies. We have a diverse team of professionals capable of developing neo bank solutions that offer top-notch neo banking services.

Q: What are the costs involved in NBaaS?

The costs involved in NBaaS vary significantly based on the project requirement, years of the technological expertise of the assigned team, and the number of experienced developers needed across the project. Similarly, sophisticated projects will need more time, developer resources, and energy, leading to significantly higher costs.

Go to Market Faster with our NBaaS Offerings

Our Neo Banking as a Service enables you to launch your product faster with minimal capital investments. The service is a single window to get everything you need to launch and scale a successful neo-banking application. It offers banking license consultation, tech consultation, custom neo-bank app development, whitelabel apps, and a support ecosystem of KYC tools, Payment cards, Remittance platforms, AML tools, and more. Drop us a word if you want to learn more about our NBaaS offering.

Core banking software development

We offer core banking software development and maintenance services using RESTful APIs, which allow seamless cross-channel integration.

Card & Payment solutions

Want to offer virtual payment cards to your customers? Our development services offer optional integrated payment cards.

Wealth Management

Wealth management app development enables users to manage their assets and participate in savings, investment schemes, and lending.

Omni Channel Banking

Let your customers enjoy a consistent experience across channels with omnichannel banking apps. Reach out to us to learn more.

Multi-Platform Apps

We offer neo bank app development for android, iOS, web, and hybrid apps. Reach out to us today to get a free demo of our works.

Region-specific consultation

We offer region-specific banking consultation to help you launch your neo-banking application with region-wise regulatory compliance.

Banking license consultation

Need help getting a banking license? Or to partner with an organization with a banking license? Let's talk! Contact us to know more.

Technology consultation

We offer technology consultation for AI, blockchain, enterprise app development, banking technology, and emerging technologies.

Entity Registration

We offer services via our partner ecosystem to help you register your entity in your preferred target geography.

Fintech consultation

Need help setting up your Fintech company? We offer consultation services for Fintech app development. Reach out to us to know more.

Compliance consultation

We offer region-specific compliance consultation to help you launch your neo-banking application with region-wise regulatory compliance.

Payment apps

Standalone Payment Apps, Foreign Exchange Payment Apps, Bank-Centric Payment Apps, Social Media-Based Payment Services and more

Virtual cards

A virtual card is a unique & digitally generated 16-digit credit card number that helps you pay for all online subscriptions.

Lending apps

Demand for peer-to-peer lending apps is increasing every year. We offer white-label lending apps that are fully customizable.

Savings apps

A sophisticated savings app offers your customer a modern experience in saving money. Reach out to us today to get a demo of our solutions.

P2P payments

Standalone Payment Apps, Foreign Exchange Payment Apps, Bank-Centric Payment Apps, Social Media-Based Payment Services, and more

Staking apps

Demand for peer-to-peer asset staking apps is increasing every year. We offer fully customizable white-label crypto staking apps.

NOC/ SOC Support

A Network Operations Center (NOC) and a Security Operations Center (SOC) aim to ensure that the corporate network meets business needs.

IT Helpdesk

Our managed IT help desk service helps your customers solve their problems through single (or multiple) contact points.

Cloud management

Our cloud management service offers maintenance, oversight, and administrative control of your cloud computing products and services.

Infrastructure management

Our Infrastructure management service offers maintenance, oversight, and administrative control of your cloud infrastructure and integrations.

Security testing

We offer managed service for cyber security assurance with automated threat and vulnerability analysis to enable proactive threat intelligence.

Performance testing

Our managed service offers performance testing of your Neo banking apps and ensures it is highly scalable, both horizontally and vertically.

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FAQ

As neobanks are redefining the banking sector, every business is trying to create a suitable solution around neo banks. Even experts have a lot of doubts, queries, and concerns based on NBaaS. As a result, we have put together some of the most often-asked questions we found on the internet and a few questions we think you would need to ask a neo bank expert to get proper answers. Even though we hope you find your answers listed here. If you don't, don't worry! Our experts will respond to your questions within the following 24 hours if you send them to our email.

What is Neo Banking as a Service?

Neo Banking as a Service or NBaaS is a progressive approach that helps FinTech firms and non-banking businesses offer innovative and secure neo banking services via a neo banking application or solution. NBaaS helps businesses gain an upper edge in FinTech by building reliable financial solutions on top of the provider bank's regulated financial infrastructure to enable open banking capabilities.

For example, by partnering with an existing bank, non-banking businesses, such as SAAS platform providers, can offer digital banking services like bank account management, payment services, loans, etc., without applying for a banking license. Here, the core bank's system interacts with the SAAS platform provider's app via an API or webhook, making it possible for the users to do banking services.

How popular is a neo bank?

What are the benefits of a neo bank?

What type of legal challenges will the neo bank development raise?

Why choose Accubits as your neo banking as a service provider?

What are the costs involved in NBaaS?

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Neo Banking As A Service

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