Feature Post

NEO Banking - A Future Digital Banking, Development Scope, Threat and Challenges

What is Neo Banking? NEO banks are the banks which has no physical branches. NEO Banks are digital only financial institutions that operate exclusively online through websites and mobile apps.  The financial services industry has undergone massive transformations from manual to Core Banking and now digital without any physical branch. the evolution of banking has been marked by innovations aimed at making financial services more accessible, convenient, and efficient.   NEO Banks offers services like below: Account Management: Account Opening, Checking, Savings, and Money Transfers Loan Services: Quick and seamless loan approvals Low Fees: Minimal or no fees due to lower operational costs Tech Features: Budget tools, instant payments, and real-time alerts Why Are Neo Banks becoming popular now? Convenience : 24/7 mobile banking—no waiting in lines. Lower Fees : No hidden charges, free international transfers, and zero maintenance fees. User-Friendly Apps : Seamless, f...
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Banking as a Career

Banking as a career is a good option. It is best suited for those people who want to work in the field of commerce and accounts. Although people from other than commerce stream also can avail the opportunity to work in banking sector, commerce stream gives ample opportunity to grow in this sector. Banking is the base of economy. So, it is a rewarding career and respectable in society also.

New banks are being introduced from outside India and RBI also is planning to introduce some new banks. Public Sector Banks, Private Banks, Foreign banks, Rural Banks like so many options are available for making career in this sector. Some private institution also providing special banking skills based training. NIIT is the example that has formed Institute of Finance Banking & Insurance (IFBI) with participation from ICICI bank. Some universities also providing management programmes specialized in Banking and Insurance that can help to make better career in Banking sector.    

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