Digitalization in banking has quickly become the most critical aspect of the ever-advancing digitalization in the banking industry. Digital banks across the globe have understood the apparent shift in consumer preferences for digital services.

Whether mobile payment options, online banking with specific product offerings, or services such as an account aggregator ? more and more people are now choosing to bank digitally.

The largest neobanks that adapt to these changing consumer behaviors will be viewed as innovative commercial institutions that ensure their customers receive essential services anywhere, at any given time.

Revolut [ create an account ]

Revolut is one of the top digital banks that offers instant access to your money, a built-in currency exchange, and a prepaid card. Revolut was founded in 2015 by Nikolay Storonsky and Vlad Yatsenko. It’s based in London, England, and has a valuation of $33 billion.
The company raised $916 million in its latest funding round at a valuation of $580 million. This most recent money will help Revolut expand into new markets like the U.S., Australia, Canada, Singapore, Hong Kong, Japan, and New Zealand. The company has 15 million customers across Europe, Asia, and Australia who use Revolut for everything from paying bills to sending money abroad to topping up your prepaid card when you’re traveling abroad.

Wise [ create an account ]

Wise Bank is a financial services company pr...