During this challenging calamity period of COVID-19, many domain areas in the market are operating on contactless and digital mechanisms reducing the space and time of physical interaction or real-time meetings and confrontation. A lot of traction and improvements are visible in Neo Banking, Contactless Delivery, Work from Home facilities etc. A lot of these things are building upon Digital Infrastructure. Nowadays, banks have issued briefings and notices to customers to focus on more usage of digital facilities rather than physically coming up to the branches.

In the last ten years, Fintech 2.0 or Decentralized Finance(DeFi) has been slowly chipping away at banks’ profits by cutting out intermediaries and serving customers directly. 2019 was the year of Decentralized Finance (DeFi). Neo banks focused on creating a better banking interface using open banking APIs or building a core banking system. The objective with DeFi is to build a multi-faceted financial system native to crypto that recreates and improves upon the legacy financial system. DeFi now represents a new fintech wave, and DeFi neo banks will play a pivotal role to successfully bridge the gap between fintech and DeFi to attract new customers.