HTF MI recently introduced Global Neo and Challenger Bank Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2025. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players in the study are Atom Bank (United Kingdom), Movencorp (United States), Simple Finance Technology (United States), BPCE (France) etc. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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Scope of the Study
Neo & challenger bank are also known as Digital challenger bank, is a new type of digital bank that exists without any branches. Neo & Challenger Banks are 100% digital, hence simplifying the financial world, creating a customer centric approach to services, and transforming the way banking is viewed by the public and the market. This banks are gaining customer attention as they deliver larger returns on equity and charge low interest rate on loans offered as compared to those prominent traditional banks. Additionally, offers greater flexibility when it comes to lending through streamlined operations and cost. Neo Banks are basically reinventing the practices and processes associated with traditional banking to make process more convenient for the customers as complete operations can be handled with the help of the mobile. Moreover, favorable government conditions and increasing fad for digitization will fuel the market for this banks. The market study is being classified by Type (Neo Bank, Challenger Bank {Small Challenger, Large Challenger}), by Application (Personal and Business) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico) .
According to HTF MI, the Neo and Challenger Bank market will register a CAGR of above 44.35% by 2024
Atom Bank (United Kingdom), Movencorp (United States), Simple Finance Technology (United States), BPCE (France), N26 (Germany), Pockit (United Kingdom), Ubank (Australia), Monzo Bank (United Kingdom), MyBank (China), Holvi Bank (Finland), WeBank (China), Hello Bank (France) , Koho Bank (Canada), Rocket Bank (Bangladesh), Digibank (India), Timo (Vietnam), Jibun (Tokyo) and Jenius (Indonesia) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are K Bank (Thailand), Kakao Bank (South Korea), Fidor Bank (United Kingdom), Starling Bank (United Kingdom) and Tandem Bank (United Kingdom).
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Market Drivers
Low Interest Rates
Favorable Government Regulations
Market Trend
Inclination towards mobile baking
Fad for reckless transactions
Restraints
Secure large number of customers
Opportunities
Enhanced interest for Digitization and Convenient operations based on mobile platform
Key highlights of the Global Neo and Challenger Bank market Study:
• CAGR of the market during the forecast period 2018-2024
• Detailed information on factors that will accelerate the growth of the Neo and Challenger Bank market for the next five years.
• Forecast of the Global Neo and Challenger Bank market size and its contribution to the parent market by type, application and by country.
• Insights on upcoming trends and changes in consumer behavior
• Uncovering market’s competitive landscape and in-depth information on various Players
• Comprehensive information about factors that will challenge the growth of Neo and Challenger Bank Players
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase
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Have a look at some extracts from Table of Content
Introduction about Global Neo and Challenger Bank
Global Neo and Challenger Bank Market Size (Sales) Market Share by Type (Product Category) in 2018
Neo and Challenger Bank Market by Application/End Users
Global Neo and Challenger Bank Sales (Volume) and Market Share Comparison by Applications
(2013-2025) table defined for each application/end-users like [Personal and Business]
Global Neo and Challenger Bank Sales and Growth Rate (2014-2025)
Neo and Challenger Bank Competition by Players/Suppliers, Region, Type and Application
Neo and Challenger Bank (Volume, Value and Sales Price) table defined for each geographic region defined.
Global Neo and Challenger Bank Players/Suppliers Profiles and Sales Data
Additionally Company Basic Information, Manufacturing Base and Competitors list is being provided for each listed manufacturers
Market Sales, Revenue, Price and Gross Margin (2014-2018) table for each product type which include Neo Bank, Challenger Bank {Small Challenger, Large Challenger}
Neo and Challenger Bank Manufacturing Cost Analysis
Neo and Challenger Bank Key Raw Materials Analysis
Neo and Challenger Bank Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
Market Forecast (2019-2025)
……..and more in complete table of Contents
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