NEEBank – Business model

History of NEEBank

NEEBank is part of the broader context for the move to online banking (https://en.wikipedia.org/wiki/Online_banking). Where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by differing degrees of banking service digitization. Digital banking involves high levels of process automation and web-based services and may include APIs enabling cross-institutional service composition to deliver banking products and provide transactions. It provides the ability for users to access financial data through desktop, mobile (https://en.wikipedia.org/wiki/Mobile_banking) and NeeTM (as a ATM) services [1] (https://en.wikipedia.org/wiki/Digital_banking).

Consumer preferences quickly shifted to online and mobile devices, but many financial organizations struggle to adapt their banking experiences to online channels and to the smaller mobile device screens. Unfortunately, banks can no longer afford to wait to invest in digital transformation because customers are increasingly willing to switch banks for digital features such as bill pay, mobile payments and loan applications.

The appearance of NEEBank – Business model as an inevitable will be a better replacement to other traditional banks.

Head office

NEEBank is nested in Hong Kong but open for business worldwide.

Advantages

• International payment will not limit by time or distance. All activities are managed from a mobile device.
• Simplify the operation in all transaction which are cost-and-time saving.
• Created on a technology platform and internet network. Steps of transactions are processed and recorded quickly, fully in a precise manner.

Frequency question?

What is the Difference Between Online and Digital Banking?

For the most part, these two words are synonyms. But, we define online banking a bit more narrowly than digital banking : online banking primarily focuses on remote deposits, money transfers, bill pay and basic online management of accounts. Other synonyms for online banking include internet banking, virtual banking and e-banking.

So, online banking focuses on digitizing the “core” aspects of banking. But digital banking encompasses digitizing every program and activity undertaken by financial institutions and their customers.