TLDR Tech / Crypto
The Hidden Risk in Neobank Earn Products
Most Earn products inside neobanks and wallets lack any dedicated DeFi or risk personnel as sourcing is handled by BD teams, which leads to paid integrations where yields are propped up by incentives rather than real returns, often masking underlying APYs of around 2%. Advertising 6-7% without those incentives requires reaching for riskier products, and when incentives dry up, fintechs face a choice between dropping to the DeFi base rate or launching a separate high-yield account.
Read the full story