NEOBANK NAVIGATING THE FUTURE OF BANKING

NEOBANKS ARE PROLIFERATING GLOBALLY.The precipice that separates many new inventions from mass market adoption has been bridged. The word neobank is a conjunction of the words new and bank. The term was invented by the author in 2004 and has become a noun.It is used to describe:(1) Category 1: the banks that are early adopters of state-of-the-art mobile platforms, security and compliance systems for new and existing customers and communities; as well as,(2) Category 2: the fintech companies providing new media marketing, robust mobile apps and convenient but secure account opening solutions in partnership with traditional banks; and,(3) Category 3: there is also a third category of Neobank, the most volatile, where fortunes are being made and lost overnight. This third category is based on the “block chain” systems that underpin various digital assets, commodities, contracts and currencies.This book will provide the reader tools, insights, information and sources to stay ahead of the emerging trends for portfolio growth, wealth creation and asset protection including:Taking Names: an inside look at 72 of the movers and shakers in NeobankingFundamentals and the Future of Banking: how the 3 categories of Neobanks relate and came to beBreaking Banking Myths: How banks create prosperity individually and institutionally.Systemic Safety: The purpose of regulation. Keeping our money safe and how to prosper by bridging the divides between innovators and regulators.Regulations and Regulators: Listing of 27 high level regulations with explanation and how collaboration and cooperation with regulators made the authors Category 1 Neobank better.Defi (Decentralized Finance): The dream, a brief history, the potential, the facts, the risks and participation strategies.Risk Management: Strategies to protect your assets whether you are an individual or an institution.Wealth Generation: Some of the richest men in the world are self-made through banking and bank related systems. This is unprecedented in the history of the world. Find out why from an insider.Clarity: The English language has 178,000 words. Older languages like Greek and Latin have millions. This has created a tower of babel situation in the world of banking and fintech. Even the experts often misunderstanding each other due to changing definitions, acronyms, and neologisms.Leadership Lessons Learned: There are many types of leadership (people leadership, thought leadership – you can be an introvert or an extrovert). Leaders need to make choices. There is no substitute for experience.NEOBANK includes an extensive indexed Glossary (1283 words from ABA number to ZOPA) that includes keywords, definitions and acronyms such as fintech, finreg, infosec, Etherium (Eth), Bitcoin (BTC), Non-Fungible Tokens (NFTs) digital art, collectibles, smart contracts, blockchain, Central Bank Digital Currency (CBDC), USDC, fiat, AI (Artificial Intelligence), decentralized finance (DeFi), alt coins, the 5 Cs of Credit and Anti-Money-Laundering (AML) simplfies and demystifies the latest neobank jargon.Mr. Ingram’s professional focus for more than 25 years has been fintech innovation, compliance, operations and neobank technology starting with coining the term “neobank”.He began with one of the largest international investment firms in 1993 and progressed through increasingly responsible roles in commercial banking and financial systems with Fortune 500 banks, TD Bank and BMO. Mr. Ingram has been a leading consultant and advisor to the largest private equity and big 5 consulting firms in the US and internationally since June 2005. Read more