Neo Banks - Low-Cost Enablers Of Accessing New Markets: Systematix

Neo Banks - Low-Cost Enablers Of Accessing New Markets: Systematix

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Systematix Research Report

We hosted SaveIN – a fast-growing social finance based neo-banking platform in India.

Key takeaways are:

  • Neo banks will support India’s digital transformation and help develop a progressive relationship between products and customers. They would continue to work in collaboration with the traditional banking system and provide an enhanced customer experience.

  • The Reserve Bank of India’s view is also positive on the development of neo banks in India. They are likely to evolve into symbiotic partners for banks and financial services companies, driving further penetration of not just credit but also liability and fee-based products for new-to-banking customers like millennials, blue/grey colour workers and micro, small and medium enterprises.

Click on the attachment to read the full report:

Systematix India FinTech - Neo Banks.pdf
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DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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