Neobanks are one of the common technological advancements creating convenience in financial services. This breakthrough has gained prominence in the fintech community. However, these new types of banks have been struggling to turn a profit with only a mere 5% of the world's reported 400 digitals banks breaking even.
Prime Time’s Timothy Go and Bharati Jagdish spoke with Dr Silvio Struebi, Managing Partner, Hong Kong and Christoph Stegmeier, Global Head of Digital Banking at Simon Kucher to find out more.