Neobank – The prefix neo in the new time period “neobank” in Greek means “new” (from the Greek neos new), i.e. neobanks are upgraded and modernised banks, often modernised with trendy performance and types of communication and information switch together with basic elements like web (websites, offices) and cell financial institution (apps, messaging, telephone management).

The ranking consists of only full-fledged banks operating under banking licenses and under full management of hyperregulators. Payment techniques and organisations working beneath cost operators’ licences are not included in the rating.