Easy to useFast & SecureMultiple API IntegrationWe have all services
Neo banking allows customers to manage their banking needs on a single webportal which reduces customers to go and approach banks. Neo banking is a smart way of handling all the financial transactions with single platform. WTS Net india has rich experience in neo banking website development and Neo Banking Android application development. We have expertise in all kind of api integration which helps client to boost their business in real market.
WTS Neo Banking Portal Development is the process of creating an online banking platform that provides a modern and convenient banking experience to customers. The portal is designed to offer a range of banking services, including account opening, fund transfers, bill payments, and more, through a seamless and user-friendly interface.
The development process involves creating a customized platform that caters to the specific needs of the client and their customers. The portal is designed to work seamlessly across different devices, such as desktops, laptops, and mobile phones, to enable customers to access their accounts and services from anywhere, at any time.
WTS Neo Banking Portal Development also incorporates various security features, such as multi-factor authentication, encryption, and secure storage of customer data, to ensure the safety and security of all transactions.
The portal can be integrated with various payment gateways and third-party services to enable faster and more convenient transactions. It can also be customized to offer a range of features, such as personalized financial management tools, loyalty programs, and customer support services.
Overall, WTS Neo Banking Portal Development offers a significant opportunity for banks and financial institutions to provide a more modern and convenient banking experience to their customers while also streamlining their internal processes and operations.
The first type features that non-licensed FinTech that has partnered with a traditional bank. In this type, FinTech utilizes a wrapper around the various services and products of its partner bank.
The second type is when a traditional bank launches its digital-only initiative in the form of neo banks.
The third and last type is the neo bank that has digital banking licenses. However, this type of neo banks exists only in those countries that permit stand-alone digital entities.
Faster functioning: Neo bank provide the fastest way of completing all your bank transactions as every action is a fingertip away. The process is made much faster as the data is directly fed into the smartphone and is less time-consuming as it is not impacted by the availability of the employee.
Easy international payments: Payments at an international level require an international debit card upgrade. But in the case of neo banks, there is no need for such up-gradation and international payments can be made hassle-free.
Advanced security: Neo banks assure a greater sense of security despite the usual fear of the general public when it comes to making online monetary transactions, as these banks employee 2FA (2-factor authorization), biometric authentication, RBAC (Role-Based Access Control), encryption technologies, and other security measures to secure consumer data.
Records accountability: All the accounts and the related transactions are automatically updated into the system which ensures transparency. There would be digital receipts maintained which might be useful for future reference and clarity.
Low cost: Neo banks are free from operational and major labour costs as they don’t own any physical branches. This is a major advantage as it allows them to allocate their funds towards better technological enhancements. This also the reason behind only a little or no fees charged by them.
Convenience: With every action being digital, there is no requirement for visiting any of the branches of the bank to carry out the activities. Customers can easily use the banking services through their smartphones.
Customer orientation: Neo banks have given great importance towards running apps with responsive, crisp, and easy to operate interface to ensure that comfort is not compromised, if not enhanced. User-friendliness is one of the strongest fortes of Neo banks and they are known to provide highly customized and personalized services. The customers can even get their issues resolved faster as the AI is equipped with all the necessary data to assist the customers or get the customers in contact with the responsible personnel immediately.
