And sponsored by this new way of understanding it, the challenge for many entities has been, precisely, to be able to respond to the needs of this fintech trend.
Why? Precisely because operations that were previously limited exclusively to banking can now be carried out by this new paradigm of a technology company that has managed to include financial culture in its know-how.
This is what has led to the conception of a series of banks that have broken the mold of traditional banking, providing entrepreneurs and business owners with a new way of operating.
Neobanks operating in Spain are a good anguilla email list example of this, of how in a few years they have been able to adapt the costs of international transfers to make them competitive for companies operating in different markets, saving a series of associated costs that, in the long run, tip the balance.
With the arrival of cryptocurrencies and the inclusion of many companies in their operations and transactions, it was necessary to have companies and banks specialized in this type of products to provide solvency and coverage for the transactions and operations that need to be carried out. This is another of the strong points of the so-called neobanks.
So what are the advantages that are driving companies to migrate to neobanks?
To begin with, they have the best and most advanced technology, which allows for certain processes that simplify the protocols to be followed and, in this way, also reduce their costs.
You may also be interested in: What is the current regulation for crowdfunding platforms?
The added ease of being able to trade in different currencies to meet the needs of their international transactions is also a compelling reason for many, as is the concept of digital money they promote.
“They also allow cards that hardly charge any commission for foreign operations, including withdrawing money abroad. This is something that is vital for companies that are constantly developing and moving internationally with different headquarters,” comment some financial managers.
