Neobank – The prefix neo in the new time period “neobank” in Greek means “new” (from the Greek neos new), i.e. neobanks are upgraded and modernised banks, usually modernised with fashionable functionality and types of communication and data switch together with basic components like internet (websites, offices) and cell bank (apps, messaging, cellphone management).

The ranking contains solely full-fledged banks operating underneath banking licenses and under full management of hyperregulators. Payment methods and organisations working under fee operators’ licences usually are not included within the ranking.