Neo and Challenger Bank Market is expected to thrive at impressive CAGR of 50.6% during the forecast period

Neo and Challenger Bank Market is registering a CAGR of 50.6% during the forecast period 2016-2020. The growth of the neo and challenger bank market is driven by factors such as favorable government regulations, convenience offered to consumers, and higher interest rates than traditional banks. However, acquisition of customers and profitability pose challenges to the market growth. Furthermore, increase in penetration of smartphones and internet in the emerging economies is expected to offer immense opportunities for the market growth in the near future.

The leading players profiled in the report include Atom Bank Plc, Movencorp Inc., Simple Finance Technology Corporation (acquired by BBVA), Fidor Bank AG (acquired by BPCE Group), N26, Pockit Limited, UBank Limited, Monzo Bank Limited, MyBank (Alibaba Group), and WeBank (Tencent Holdings Limited).

Get sample copy of report at:

https://www.premiummarketinsights.com/sample/AMR00013005

The neo and challenger bank market is segmented based on the type of bank into neo and challenger banks. Among these, the neo banks segment accounts for the largest customer base in 2016, owing to the prominence of these banks in U.S. and the ease in acquisition of customers. This segment is expected to grow at a notable CAGR of 49.7% during the forecast period. The challenger banks segment is expected to grow at a CAGR of 52.6% in terms of customer base because of the proliferation of these banks in regions such as UK, Germany, and China. This is attributed to favorable regulations and substantial investments for these startups. Furthermore, increase in launch of digital subsidiaries by traditional banks and a large customer base available with them are expected to promote the growth of the market.

KEY FINDINGS OF THE NEO AND CHALLENGER BANK MARKET STUDY

The U.S. accounts for the largest customer base in neo bank market in 2016, and is expected to maintain its dominance throughout the forecast period.
In Challenger bank market, Germany accounts for the lions share in 2016.
The neo and challenger banks market in China is anticipated to witness the fastest growth rate during 2017-2020.
Neo banks has the largest customer base in 2016, and is expected to dominate the market in the near future.
The customer base of challenger banks market is projected to grow at a significant rate during the forecast period.

Purchase this report at:

https://www.premiummarketinsights.com/buy/AMR00013005

Table of Contents

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Global Neo and Challenger Bank Market By Bank Type

Chapter 5 Neo And Challenger Bank Market, By Country

Chapter 6 Related Industry Insights

Chapter 7 Company Profiles

About us:

Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers.

We provide best in classcustomer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

Contact us:

Premium Market Insights,

Contact Person: Sameer Joshi

Email: [email protected]

Website: www.premiummarketinsights.com

Posted by on Wednesday July 17 2019, 9:50 AM EDT. All trademarks acknowledged. Filed under Banking, Business & Financial Services, Business Services. Comments and Trackbacks closed. Follow responses: RSS 2.0

Comments are closed

News Categories

Featured Press Releases

Latest News

Log in