Dagong Global Credit Rating has revealed a world ranking of neobanks.

Neobank – The prefix neo in the new term “neobank” in Greek means “new” (from the Greek neos new), i.e. neobanks are upgraded and modernised banks, usually modernised with trendy performance and types of communication and knowledge switch including fundamental components like internet (websites, offices) and cellular bank (apps, messaging, telephone management).

The ranking contains only full-fledged banks operating underneath banking licenses and underneath full control of hyperregulators. Payment systems and organisations working underneath fee operators’ licences usually are not included in the ranking.