Neobanks Risks

What Are Neobanks, and Why Are They So Popular?

In 2025, traditional banking feels like a relic of the past—clunky apps, hidden fees, and endless paperwork. Enter neobanks: the sleek, digital-first financial platforms that have taken the world by storm. But what exactly are neobanks, and why are they so popular among Gen Z, millennials, and even tech-savvy boomers? Let’s break it down. Neobanks...