Our Neobank Solutions

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.

Bank Account Management

Bank Account Management

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.

Payment Gateway

Payment Gateway

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.

Payment Solution

Payment 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.

Expense Management

Expense Management

Our scalable expense management solution streamlines your workforce spending and expenditures by issuing VISA and corporate credit cards to your team.

Reward Management

Reward Management

Enhance your financial operations with a choice of hand-picked applications and world-class rewards programs on services connected to your business account.

Payroll System

Payroll System

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.

Accounting Automation

Accounting Automation

Manage all your accounting tasks in one platform that links to your company account, including bookkeeping, invoicing, and automated payment reconciliation.

Virtual Account

Virtual Account

Reap the benefits of automated banking by opening a virtual account and UPI ID to manage your finances, payments, accounting, reconciliation, and spending.

Virtual Cards

Virtual Cards

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.

UPI Autopay

UPI Autopay

Whether you provide wealth management services, leasing services, digital subscriptions, or insurance premiums, UPI AutoPay makes it easier to accept all recurring payments.

Cash Management

Cash Management

From a unique dashboard, monitor, track, and control everything from cash management to reimbursements to account payables and account receivables.

Invoice Management

Invoice Management

Our automated invoice management solution makes it as simple as possible to generate GST-compliant paperless invoices and seamlessly collect payments for your business.

How Do We Support Your Neobank Requirement?

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.

Digital Infrastructure
For your financial solution, we can create a virtual cloud environment that supports a full array of functionalities helping you to lower infrastructure costs and eliminate downtime.
Digital Infrastructure
Digital Infrastructure

Benefits of Digital Infrastructure

  • Enable seamless data retrieval, storage, and distribution
  • Strengthen the privacy and security of users
  • Delivers a more personalized experience
Digital Infrastructure
Legacy Apps Migration
We migrate the critical components of your on-premise systems to the cloud, organizing the substantial amount of legacy data and its crucial features into secure warehouses.
Legacy Apps Migration
Legacy Apps Migration

Benefits of Legacy Apps Migration

  • Reduce operational costs
  • Gain a competitive edge using systems with enhanced performance and agility
  • Improved customer satisfaction
  • Better scalabililty
Legacy Apps Migration
Real-time Analytics
We integrate AI, ML, and Big Data technologies to visualize key financial insights from analytics and reporting systems and help you make data-driven decisions for credit scoring.
Real-time Analytics
Real-time Analytics

Benefits of real-time analytics

  • Improved decision-making
  • Optimizing business towards goals
  • Rapid detection and addressing of issues
  • React to sudden fluctuations in the market
Real-time Analytics
R&D Innovations
We collaborate with financial service providers to create a proof-of-concept for your creative idea and effectively assist its development from concept to a product ready for the market.
R&D Innovations
R&D Innovations

Benefits of R&D

  • Identify new and effective business revenue models
  • Get your product market-ready with state-of-the-art technologies
  • Enables you to come up with highly effective marketing strategies
R&D Innovations
Personalized Applications
We build user experiences by developing a user flow that engages your customers with your product for value-focused digital solutions in payments and banking.
Personalized Apps
Personalized Applications

Benefits of Personalized Apps

  • It makes it easier to showcase product offerings and services
  • Better user retention
  • Increased user engagement and conversions
  • Increased brand loyalty
Personalized Apps
Distributed Ledger Technology
We use blockchain technology to increase security and transparency for several processes, including trade financing, KYC verifications, payment processing systems, and more.
DLT
Distributed Ledger Technology

Benefits of DLT

  • Eliminates the need for third-party service providers
  • Greater transparency
  • Lower transaction costs
  • Easier auditability
  • Better gains in speed and efficiency
DLT
Microservices Design
We put a lot of emphasis on the solution's adaptability to meet better shifting client expectations so that adding new features can happen much more quickly and with less effort.
Microservices Design
Microservices Design

Benefits of Microservices Design

  • Easily adapt to changing customer expectations
  • Ease of maintenance
  • Better scalability
  • Improved security and compliance
  • Facilitated deployment
Microservices Design
Enterprise Reporting
We put hierarchical report systems in place to enable financial institutions to monitor organizational, management, and producer-level performance compared to key goals.
Enterprise Reporting
Enterprise Reporting

Benefits of Enterprise Reporting

  • Integrate multiple apps across dissimilar computer systems
  • Provide web access to current and legacy data
  • Delivers easy-to-use ad-hoc reports
  • Gain better insights via report mining
Enterprise Reporting
Finance CRM
Financial CRM software is more than just a computerized address book. Get comprehensive access to your client's financial data, insurance information, and more.
Finance CRM
Finance CRM

Benefits of Finance CRM

  • Launch segmented marketing campaigns
  • Easily manage both loyal and prospective customers
  • Gain a 360-degree view of each customer's habits and preferences
Finance CRM

Do you want to build your own unique neobank solution?

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.

Benefits of Neobank

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:

Easier account creation compared to traditional banks.

80%

By 2030, 80% of heritage financial services firms will cease operations and will be unable to compete with global digital platforms and Fintech apps.

Highly convenient and user-friendly banking services.

53.4%

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.

Cost-effective alternative to challenger and traditional banks.

5.8%

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.

Let's get started with neobank solutions development?

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.

Simplify your banking processes with neobanking

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.

Simplify your banking processes with neobanking
How can we help your business?

How can we help your business?

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 trusted by the world's most recognized brands

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.

nasa
Nissan
united states postal service
USGS
Adnec
Homeland Security
giti
Smart Dubai
Dubai Electricity and Water Authority (DEWA)
Ministry of Health (MOH)
JP Morgan Chase and Co
Li and Fung

Ready to manage your finances with our neobank solutions?

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.

FAQ

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.

What is a neobank?

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:

  • A non-licensed Fintech company collaborated with a conventional bank in the first form of partnership. Fintech utilizes a wrapper around its partner bank's various services and products in this type.
  • The second kind occurs when a traditional bank introduces neobanks as part of its digital-only push.
  • The third and last type is the neobank, authorized to do digital banking. These neobanks, however, are only legal in nations that allow standalone digital entities.

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.

  • A neobank's primary function is to provide consumers with tech-driven financial services.
  • The banking partner offers to keep the customer's funds while providing access to funds for lending.
  • In addition, the neobank manages customer service, complete customer acquisition, and client servicing while running the app and distributing the product.
  • These non-licensed fintech companies typically work with established banks to offer new-age financial services through sleek, user-friendly applications.
  • Neobanks are very dependent on data. They gather and analyze customer data to understand client behavior better and provide them with improved services.
  • Neobanks seek to enhance the customer journey based on the current consumer activities.
  • These banks provide no-fee customer accounts for first-time earners and financing options for young students looking to establish credit.
  1. Our neobank solution experts work with you to create future-ready banking solutions that use the potential of financial technology with real-world use cases.
  2. We employ the best solution development models to adapt to every change in need and always ensure on-time project delivery. 
  3. We are always flexible in implementing our project development methodologies to accommodate your needs.
  4. We have partnered with leading banking providers and platforms to make cutting-edge technologies available to our clients.
  5. We have over seven years of Fintech, blockchain, and AI industry expertise.
  6. We received the prestigious Frost and Sullivan award for best blockchain development business for our technological innovation and strategic product development.
  7. We have created remarkable solutions for various digital startups, federal agencies, financial institutions, and Fortune 500 corporations.
  8. We have a diversified team of specialized neobank solutions development experts to provide high-quality neobank services.

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.