Neobanks, also called digital banks or challenger banks, have skyrocketed to success in recent years. By providing customers with convenient digital services, neobanks fit in with how consumers—especially the young and tech-savvy—want to do banking today.
With the right strategy, community financial institutions (FIs) can capitalize on this demand while also providing more stability, local support, and superior customer service outside the digital channel. In our white paper, we’ll explore:
- Why today’s customers are drawn to neobanks
- Where neobanks fall short of customer demands
- How to apply these takeaways for a better digital strategy
The demand for digital is real—and it’s not going anywhere. Download our white paper to learn how you can beat neobanks at their own game.