by instnt | Mar 8, 2022 | Blog
While neobanks and challenger banks share several similarities and are often grouped together and considered one and the same, there is one big difference. Neobanks do not have a banking license, and instead partner with traditional banks and other lenders to provide...
by instnt | Mar 1, 2022 | Blog
Challenger banks and neobanks are digital-first banks that deliver their services primarily through mobile apps. These include traditional offerings like checking accounts, debit cards, credit cards and loans. However, despite the word “bank” in their name, these...
by instnt | Feb 21, 2022 | Blog
It’s been widely reported that banks are losing ground worldwide when it comes to the war on crime. That includes new account fraud. Yet the cost alone does not begin to tell the entire story. These criminal activities can damage a bank’s reputation and destroy the...
by instnt | Feb 15, 2022 | Blog
As the digital economy becomes increasingly mainstream, many financial experts predict that digital currencies will naturally follow suit and become standardized. Cryptocurrency certainly holds a lot of potential in the world of contactless transactions, so much so...
by instnt | Feb 8, 2022 | Blog
While fintech innovation continues to evolve, the threat of cybercrime is ever-evolving. It’s a problem in even the most secure corners of the internet. These crimes are more sophisticated than ever. And there is an increasing number of data breaches each year. These...
