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The global neobanking market is expected to reach an estimated $723 billion by 2028, according to Grand View Research. As more people handle their finances online, the neobanking industry has been getting a lot of love, but what are neobanks anyway? Neobanks are digital-only financial institutions that operate similarly to traditional banks, but without physical branches, The Balance explains. You typically access neobanks through mobile applications and online platforms. While neobanking can be convenient, have lower costs and are more easily accessible, they don’t have the same accreditation as traditional banks and are regulated much less. Above all, neobanking requires access to technology and internet, a luxury that not everyone has. Another thing to think about with neobanking is that even with access to technology and internet, consumers have to be comfortable and trust tech in order to invest in using online-only banking systems. Some neobanks like N26, Atom Bank and Monzo...
Here’s something to toast to! In a new partnership, EFFEN Vodka joins forces with Allies in Arts to create an official 2021 Pride 365 Bottle. According to PR Newswire, the bottle is a celebration of Pride, not only during Pride Month but year-round, and is the company’s commitment to building a more inclusive world. Street muralist and LGBTQQIA2S artist, Sam Kirk, has been commissioned to design the bottle which will celebrate Black and LGBTQQIA2S communities and spotlights each day as a new chance to live loud, vibrant, and proud. View this post on Instagram A post shared by EFFEN vodka (@effenvodka) “We’re huge fans of Sam’s work and thrilled with how the Pride 365 bottle came out,” said I van Hidalgo , Senior Marketing Director of Regional Brands at Beam Suntory in an official news statement. “There’s no doubting the immense obstacles and barriers the LGBTQQIA2S and Black communities continue to face, and we are honored to join forces with Allies in Arts and Sam to create the...
