Neobank app development
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Helicopter View on the Neobank Development
Devlight is delighted to share the experience and knowledge about the creation of viable neobank products with magnetic experiences. We’ve conducted massive research to help you avoid some mistakes and make the right decisions for your business:
What you will learn
Whether you are a business owner with a newborn fintech idea or a chief technical officer starting to develop a neobank, you will find enough theory, statistics, and on-hand experience shared by practitioners of Devlight about developing a whole new level of neobank apps. Open this whitepaper to discover:
- Quickest facts tour about main topics regarding the fintech industry.
- 3 biggest neobanks in the world and the secrets of their success.
- 4 absolutely different stories about neobank products being developed and launched.
- The unique and tested neobank development schema.
- Best practices of how to build up the architecture, select the tech stack, and write code for the neobank ecosystem.
Meet some of the contributors to Neobank app development
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neobank app development
Review the best practices and cases we’ve been through in our work.
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We are a mobile app engineering company which operate since 2016 and create world-class apps for industry leaders.
Today, we work with Forbes’s top 100 companies and build digital category leaders. With over than 6Y of mobile apps development experience, 35M of app’s installs and 50+ projects under our belt. So, let’s dive into amazing digital journey with Devlight.Learn more
frequently asked questions
Neobank is a type of digital bank that offers online banking services via mobile apps or online banking. As a part of the fintech industry, neobank is also famous as a disrupting banking project, as the services it provides change the financial habits and demands of customers. After neobank experience, traditional banks look pale compared to the conditions, prices, and services of modern fintech.
There are a lot of business models for neobank. Neobanks can make a large percentage of their profit from interchange fees paid by businesses whenever customers purchase with a neobank’s debit card or credit card. They also benefit from interest charges on deposits and account opening. They also earn on the ATM fees. Each neobank has its own business model that fits its targeted audience the most.
Hands down, it’s a discovery phase. The customer research should support your brilliant business idea, or else you’re going to spend money on making a product that no one needs. The discovery phase has to provide you with facts and data that is closely related to the wishes, intentions, motivations, and demands of your customers that will be solved with a neobank.
It depends on the budget you have. Revolut was started by 3 talented founders. Other teams got investments soon and built up huge teams of thousands of people. The number varies a lot, and there’s no one right answer. But what we’re sure about is that you don’t have to spend all in one place: the solid team of DevOps won’t develop a whole app, as well as 300 marketers won’t write you a single line of working code. Keep everything in harmony.
When it comes to the neobank features, you may drown in the abundance of available features and invent a ton of new ones. We at Devlight use the Kano model to prioritize the development of features, and this approach has never betrayed us. You may read about how to use it in our dedicated section of the whitepaper.