Singapore-based fintech company Atlantis on Monday said it has entered the Indian market with the launch of digital bank, Neo-Bank.
Eyeing the USD 15.7 billion global millennial banking industry, Atlantis, a Singapore-headquartered fintech company has announced the launch of Neo-Bank for Gen Z and millennials, Atlantis said in a release.
The financial value of millennials to the banking system is expected to increase by almost 80 per cent in the next five years to more than USD 27 billion from the current USD 15.7 billion in revenue that millennials contribute.
The company believes that customer-first intelligent systems and design will drive the future of neo-banking, it said. Neo banking is an online concept where there are no physical branches of a bank and customers transact all services digitally.