Powering the banking revolution

Neo banks such as Revolut have been hugely successful in Ireland as consumers increasingly look beyond traditional banking products and services

Whilst neo banks have taken the mobile banking industry by storm, increasingly traditional banks are investing much more in customer experience and placing customer value and ESG at the core of their purpose.

In recent years, Ireland’s banking landscape has witnessed a significant transformation with the rise of neo banks, otherwise known digital or challenger banks. Neo banks operate primarily online without the need of physical branches. 

Using technology, especially mobile technology, neo banks can offer fast, modern and convenient banking experiences to customers. Often the services offered are similar to traditional banks including current accounts, saving accounts, loans, money transfers and payments.