Neobank – The prefix neo within the new term «neobank» in Greek means «new» (from the Greek neos new), i.e. neobanks are upgraded and modernised banks, usually modernised with fashionable performance and forms of communication and knowledge transfer including basic elements like internet (websites, offices) and cellular financial institution (apps, messaging, phone management).

The rating includes only full-fledged banks working underneath banking licenses and beneath full management of hyperregulators. Payment systems and organisations operating underneath cost operators’ licences aren’t included in the rating.