The Global Neo and Challenger Bank Market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Neo and Challenger Bank development in United States, Europe and China.
The emerging trend of neo and challenger banks offering their banking services through digital channels (online or mobile app banking) in Europe and U.S. is expected to boost the market growth.
Digital challenger banks are simplifying the financial world, creating a customer centric approach to services, and transforming the way banking is viewed by the public and the market. In return, they endeavor to deliver larger returns on equity as compared to those offered by prominent traditional banks. They strive to offer greater flexibility when it comes to lending through streamlined operations and costs.
Owing to favorable regulations, higher fintech adoption index, and rise in investments in these countries. The U.S. is expected to be the market leader during the forecast period. China and the UK are expected to witness higher growth rates on account of relaxations in regulatory requirements, high penetration of internet and smartphones, and large untapped consumer base in these countries.
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Recent approvals of MYBank and WeBank by the Chinese authorities have provided opportunities to digital-only banks to expand their presence in China.
In 2017, the global Neo and Challenger Bank market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
The key players covered in this study
Simple Finance Technology
MyBank (Alibaba Group)
WeBank (Tencent Holdings Limited)
Market segment by Type, the product can be split into
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Market segment by Application, split into
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Neo and Challenger Bank status, future forecast, growth opportunity, key market and key players.
To present the Neo and Challenger Bank development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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