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Neobank – The prefix neo in the new time period „neobank“ in Greek means „new“ (from the Greek neos new), i.e. neobanks are upgraded and modernised banks, typically modernised with modern functionality and types of communication and data switch including primary components like web (websites, offices) and cellular bank (apps, messaging, phone management).

The ranking includes solely full-fledged banks working under banking licenses and underneath full management of hyperregulators. Payment methods and organisations working beneath cost operators‘ licences aren’t included within the ranking.