Depends highly on jurisdiction. In Asia, almost every big bank has realized that neobanks just have a fancy UI built on their (big bank's) backend, so now they'

Depends highly on jurisdiction. In Asia, almost every big bank has realized that neobanks just have a fancy UI built on their (big bank's) backend, so now they've begun developing everything inhouse with better terms and efficacy than neobanks. In fact, that's part of the reason many neobanks are getting shafted this downturn season: https://the-ken.com/the-nutgraf/two-regulators-usher-in-fintechs-dinosaur-era/ https://the-ken.com/the-nutgraf/two-regulators-usher-in-fint...