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1. Identify a neobank in Australia or a business entity which has recently being granted a virtual banking license. Discuss the services, product they offer.

1. Identify a neobank in Australia or a business entity which has recently being granted a

virtual banking license. Discuss the services, product they offer.

2. What are some of the advantages of operating virtual bank? How are they different from

the traditional banks?

3. What are some of the challenges faced by the virtual banks?

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