Atlantis, a Singapore-based fintech, has entered India’s market with a challenger banking service called ‘Neo’.
Dubbing itself a “bank of the future”, Neo aims to tap what Atlantis calls the world’s $15.7 billion millennial banking industry.
The start-up offers a bank account with services around spending, savings, payments, rewards and investments.
With “an initial focus on India and Southeast Asia”, Atlantis believes market adoption in India will be particularly successful.
Bank accounts come with a companion Stash account to store savings. Atlantis says it will also launch a transaction banking and lifestyle business for teens “very soon”.