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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Alliance / Merger / Consolidation


  • Alliance - Mutual agreement between companies to exchange or integrate business resources for mutual gain. Although they remain separate entities.
    • Advantage -
    •  i. To obtain market growth
    • ii. To construct broader business systems by linking a company's internal core competencies with the best of breed capabilities of its allies.   

  • Merger - Also known as amalgamation. Combination of two or more companies into a single company, where one survives with its name and other lose their corporate existence.
           

Types of Merger

  • Consolidation - Both companies lose their identity. A new third identity is created.

  • Acquisition or Take Over - Refers to the acquiring of a controlling stake in the ownership of a company by another entity. One company buy share capital of another company.

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