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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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How To Calculate Dirty Powers (Power in Fraction) Using Basic Calculator



Dirty Power is those power which cannot be calculated simply. It is in the form of fraction like 1/5, 2/5 etc. Very simple steps are given below to calculate it using basic calculator - 

 Step 1. Press Square Root (√) 12 Times
Step 2. Subtract 1
Step 3. Divide by Denominator
Step 4. Add 1
Step 5. Press Multiplication (*) and Equal (=) in combination 12 Times
Step 6. Raise The Number

 Example 1 - (1.6)^1/5


Step 1. Press Square Root (√) 12 Times

 Value = 1.0001146

 Step 2. Subtract 1

 Value = 1.0001146 - 1  = 0.0001146

 Step 3. Divide by Denominator - Here power is 1/5, so denominator is 5.

 Value = 0.0001146/5  = 0.0000229

 Step 4. Add 1

 Value = 0.0000229  + 1 = 1.0000229

 Step 5. Press Multiplication (*) and Equal (=) in combination 12 Times

 Value = 1.0983094

 Step 6. Raise The Number - Here Power is 1/5, so nominator is 1.

 Value = 1.0983094^1 = 1.0983094

 Note - Suppose raised power is 2/5 in the same question then 

 in Step 6 Value value will be  1.0983094^2 = 1.2062835

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