The rise of neobanks represents a significant disruption in the traditional banking model, driven by several factors such as technological advancements, consumer trust and preferences, market demand, cost efficiency, and global expansion. Despite facing challenges such as building trust and navigating regulatory landscapes, neobanks are driving competition, prompting traditional banks to enhance their digital offerings.

“Digital Transformation” is a term that's become increasingly popular in the business world. In short, it refers to the process of leveraging digital technologies to transform an organization’s operations. This article will explore what digital transformation is, its different applications, and how it can help your business succeed.