News about Neo Banks ๐Ÿ—ž๏ธ

Feedback & Ideas Fintechs
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โ€œSlice updates terms, will levy 36% interest if repayment not done in one instalmentโ€

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โ€œBanking technologies have been created historically to help the banks & institutions. These technologies are not customer friendly. Neobanking apps have created a layer on top of these banking technologies to help customers interact with the bank in an easier way.โ€

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Slice:

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Revolut teams up with Stripe for global expansion. Possibly to India?

Sauce:

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Revolut expands its senior team in India, adds Saleem Arshad as CTO

https://financefeeds.com/revolut-expands-its-senior-team-in-india-adds-saleem-arshad-as-cto/

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Is it going to be SBM or Equitas? :stuck_out_tongue_winking_eye:

โ€œAccording to Gwalani, the USP of the Fi account is feature rich and uses natural language processing that enables users to enter their requirements in the form of a chat in the app.โ€

Canโ€™t wait for a similar search feature to drop on Jupiter. Discoverability is an issue on Jupiter right now.

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โ€œNiyo will use the fresh capital to expand product capabilities and widen its customer base. It will further use funds for brand building and bolstering its team across divisions.โ€

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Slice is ending their credit card business and pivoting to โ€œreal time loansโ€โ€ฆโ€ฆ :thinking:

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I am using junio card

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NITI Aayog has identified revenue generation, infrastructure and lack of regulatory framework as some of the challenges :roll_eyes:

โ€œNiti Aayog talks about lack of revenue resources, obsolete tech infrastructure of partner banks and low-entry barriers hampering innovation and also allowing non-serious player in the spaceโ€

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Revolut is gearing up for a desi launch. We got a lotta work cut out for us, boiis n gals.

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NITI Ayog stating the obvious. :melting_face:

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https://shows.ivmpodcasts.com/show/paisa-vaisa-RyuUtQQLEow1k4Xt/episode/discussing-neo-baking-ecosystem-in-india-with-jupiter-yvly-IqrRAhdm0x9U0kMm?startTime=0

Sharing this here if anyone missed it :space_thumb:

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Maybe. But I closed my account with sbm.

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IMG_20220726_122505_951720ร—1082 91.2 KB

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Thatโ€™s a lotta accounts! :flushed:
On a scale of 1 to 10, how easy was it to close them all with SBM?

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First thing they donโ€™t give any reply so I mail their head cc department then they closed I give 3 of 10

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I also have been trying to close my SBM bank account, but no response from customer care mail.Could you please share the head cc departmentโ€™s mail id?

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ET spoke to a few Indian neobanks, who shared their views on what the regulatory framework would be like and how it would weigh on the digital banking market.

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Any news on chipin, fibbl and coupl?

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