Insurance Forays & Business Models of Neobanks

Originally published at: https://dailyfintech.com/2022/02/17/insurance-forays-business-models-of-neobanks/

Since the first wave of challenger banks arrived around 2015 with basic account offerings, the biggest players branched out into lending, stock trading, savings, and junior accounts. Very few took decisive steps into the insurance market. As they sought competitive advantages, leading neobanks have since expanded their product offerings with insurance and boosted revenues with…