The Future Of Banks Is Neo Banking – CIO East Africa
Speaking at a panel on the future of banking during the #CIOFintechSummit, Kamal Budhabatti, Group CEO at Craft Silicon described neo banking as ‘normal banking done with a different mindset’. He further noted that neo banking has still not been realised in the region due to unclear customer acquisition strategies. “The ball game in neo banking is customer acquisition. It is still unclear how o achieve this which is why mobile operators assume the role of neo banks in East Africa,” Kamal said. Advertisement But something is certain. Neobanks are taking over the fintech industry by a s...
Source: cio.co.ke