Product ID: UCMIG40A2001
Neo and Challenger Bank Market Size, Share, Growth Analysis, By Service Type(Loans, Mobile Banking), By End User(Business, Personal), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG40A2001 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Neo and Challenger Bank Market Insights
Market Overview:
Neo Bank is a digital-only bank with no physical branches that operates under a market-wide partnered bank license. These banks use mobile applications to deliver digital and mobile-first financial payment solutions, remittances and money transfers, lending, checking and savings accounts, insurance, and mortgages. In addition, neo banks offer value-added services to developing small and medium businesses, such as automated accounting, expenditure management, and payroll. Challenger banks are well-established businesses that have a complete banking license to operate in the market. Lending, investments & savings accounts, checking & merchant accounts, mobile banking, credit cards, mobile banking, and other services are provided by these institutions (retirement savings, insurance products, and buying & selling of cryptocurrency). By developing and integrating several technologies into their product offerings, these banks are constantly challenging incumbent traditional banks.
Neo and Challenger Bank Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
To get more reports on the above market click here to
Get Free Sample
Get Free Sample
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Diversified Banks by segment aggregation, the contribution of the Diversified Banks in Banks and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Neo and Challenger Bank Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
