Neo-banks are completely online-based digital banking platforms. Simply put, they are not present physically. Traditional banking transactions can be time-consuming and labor-intensive for customers. Neo-banks ensure a seamless online experience by incorporating a digital and experiential layer on top of traditional banking. Because they are tech-driven, customers can easily sign up for accounts on their website/App and use their services.
Neo-banks are becoming an increasingly popular option for customers, as they provide a variety of advantages to meet the evolving requirements of modern users. They want to make it easier for people to use banking services and respond quickly to customer needs.
GSTechnologies (LON:GST) overall development of the group includes large customer accounts and growing their blockchain payment and financial services business, with blue sky opportunities in new Disruptive Technologies with synergy to their existing business.