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What is the cost of developing a neobank app?
When it comes to Neobank app development, the cost depends on what you’re looking to build. If you’re starting with a basic MVP (Minimum Viable Product) that includes essential banking features that range from $60,000+, But if you want a full-scale, feature-rich Neobank with AI-driven services, cryptocurrency support, and top-notch security, the cost can easily go beyond $150,000+. Key expenses include UI/UX design, backend development, compliance (PCI DSS, GDPR, KYC, AML), and API integrations. Ongoing maintenance adds $10,000 - $50,000+ per annum. Care planning and outsourcing can optimize costs while ensuring security and scalability.
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