Banking News

Singapore Based Fintech Atlantis Launches Neo-Bank In India

Singapore Based Fintech Atlantis Launches Neo-Bank In India

(07 September 2020 – India) Atlantis, a Singapore-based fintech company, has launched an all-in-one banking platform focused on millennials and Generation Z in India, called Neo-Bank.

Neo-Bank is pushing the concept of “self-driven finance” by providing its customers with a smart, personalised platform with an initial focus on India and Southeast Asia. The company leverages on Big Data and Blockchain, along with a unique approach to credit to provide users with a range of personal financial management tools, investment options and a companion savings account and bank card.

Atlantis claims to have a waitlist of 5,000 users and expects to onboard 3,000 registrants within its first three months. The company believes that market adoption for their platform can be massive in India, given the 10 million-plus youth working in metros and tier-1 cities across the country.

"With the technology ecosystem evolving fast, young consumers have been looking for a platform that is more than a place where they can park their savings. Neo-Bank understands their relationship with money and will help them manage their finances hassle-free," says Neo-Bank India chief operating officer (COO) Vineet Jain.

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