What is a Neobank: Definition, Features, How It Works, and Real-World Examples

Neobank

Banking has moved from physical branches to digital screens, but not every “banking app” is technically a bank. A neobank sits in that gap. It delivers a bank-like experience through an app-first product, often with lower fees and faster onboarding, while operating under different licensing and custody models depending on the country and the company. […]

Ooi Sang Kuang

Chairman, Non-Executive Director

Mr. Ooi is the former Chairman of the Board of Directors of OCBC Bank, Singapore. He served as a Special Advisor in Bank Negara Malaysia and, prior to that, was the Deputy Governor and a Member of the Board of Directors.