Photo by Ono Kosuki from Pexels Neobanks and challenger banks are fintech (financial technology) firms that offer banking services, usually online only. These digital upstarts offer alternatives to the mainstream banking products and services we’re accustomed to. The Canadian banking system is known worldwide for its strength and stability, but even so, it’s being increasingly transformed by neobanks.So, how exactly are these new, “non-bank” players disrupting the banking system?