Neobanks - making technological waves
![Man paying with contactless card onto machine held by female shopkeeper.](https://actuaries.blog.gov.uk/wp-content/uploads/sites/232/2020/03/Contactless_Card_Payment_Machine_shutterstock_1299402838-1-scaled.jpg)
The growing popularity of neobanks can offer a new style of banking but may also lead to challenges for institutional investors, such as pension scheme trustees who may need to assess exposure to any risk levels.