• Aceware FinTech Services, a leading fintech services company in Kerala, has launched the state’s first neobank, Ace Money Neobank, in partnership with YES Bank and ICICI Bank. In the first phase, start-ups, traders and business entities can open current accounts with the neobank.
• Neobank is a kind of virtual bank that operates without any physical branches. Neobanks mainly target customers who make financial transactions using mobile applications and other digital media platforms.

Kerala

• Governor: Arif Mohammad Khan
• Capital: Thiruvananthapuram
• Chief minister: Pinarayi Vijayan