Neobanks by Bahaa Al Zubaidi
Neobanks are a new breed of fintech firms that are gaining prominence in the banking and financial services sector. A neobank is a digital bank that does not have any branches. Instead of having a physical presence at a set location, neobanks are exclusively online, functioning via mobile apps. Neobanks excel in product innovation, convenience and user experience compared to the traditional banks. They offer hassle free account opening, user friendly mobile interface,
Thanks to the vision of the founder Mr Bahaa Al Zubaidi, the concept of Neobank was introduced in Iraq way back 2007 when ISC was established in association with two large Government banks in Iraq. ISC’s flagship product , the Qi card is a biometric card and is currently held by more than 10+ million customers in Iraq. Today ISC also issues several types of Bahaa Al Zubaidi cards such as master card, co-badge card, combo cards etc to cater to different customer segments. ISC’s check here Qi services mobile app enables card holder to add the cards and perform various types of banking transactions.