Want to launch faster?
NeoBanks should focus on customer experience, accelerating time to market and innovation.
They should use partners to provide the non-differentiating services such as core banking services, regulatory compliance and balance sheet management, since these services are slow to build and strongly driven by scale.
By partnering with Netbank, NeoBanks can launch a new service in a matter of weeks at minimal cost.
Seeking to enter the Philippines?
Experience from other markets can be directly deployed to the Philippines, which is a highly attractive market with low levels of penetration, high net interest margins and low levels of competition.
Regulations allow NeoBanks to act as 'origination agents', which does not require them to be regulated. Existing NeoBanks need to identify a partner that understands the regulation, that is operating on a white-labelled basis and which has the technology and channels already set-up. Netbank has all of this in place.
Need to provide “wallet” solutions?
eCommerce platforms need a simple process to manage 'wallets' for their suppliers, their delivery teams and their customers. These wallets should be incorporated into their apps and seamlessly integrate with their systems. Services need to be fully white-labelled so the customer is not confused with multiple brands. Channels allowing cash in and out and payments (bills, face to face) should be incorporated.