Neobanking and the private labelling of independent financial services

As money goes digital only, operating in the banking industry, hasn’t necessarily become easier, and far from it; what has happened is that there is a broader range of independents innovating in varying columns of monies and services.
For WXV, this has arrived in the form of incubating neobanking services, as well as an advisory business for shares and tender. As private labels, the scale that most traditional bankers work within, is foreign, because of what they typically do on a day to day basis.
Neobanks can be private label operations, smaller in scope, and provide a specialisation that bankers are eventually after, and as all practices become more transparent and digital, the important thing about this subset of financial services, is to know, that neobanks are proliferating because of their scale and commitment to customer service, something that most big banks just don’t operate around anymore.