The ‘ Neo and Challenger Bank market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Neo and Challenger Bank market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Neo and Challenger Bank market size forecast, market data&Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.
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Neo bank are digital-only banks without any physical branches and operates on a partnered bank license in the market. These banks provide digital and mobile-first financial payment solutions, remittances & money transfers services, lending, checking & saving account, insurance, and mortgages completely via mobile applications. In addition, neo banks also provide value-added services such as automated accounting, expenses management, and payroll, especially to growing small & medium enterprises.
Challenger banks are established firms and operate with a full banking license in the market. These banks provide services such as lending, investments & savings accounts, checking & merchant accounts, mobile banking, credit cards, mobile banking, and others (retirement savings, insurance products, and buying & selling of cryptocurrency). These banks are continuously challenging over existing traditional banks, by innovating & integrating several technologies in their product offerings.
Together, neo and challenger banks have entered in the banking industry with advance features, real-time services and client-centric products & services posing challenges for the existing traditional banks in the market.
Higher interest rates offered to customers over traditional banks, government & regulatory supports toward banking operations, and better convenience provided via mobile applications are major driving factors of the market. However, acquiring customers online and profitability for these start-up banks limit the market growth. Moreover, the neo and challenger bank market is expected to have lucrative opportunities such as to expand their business by strengthening online offerings to unbanked population in the emerging economies. In addition, business expansion, development of existing banking portfolio, bundling the product offerings and provide customized solutions are remaining some other focus areas for these Fintech banks in the upcoming years.
Key Segments Studied in the Global Neo and Challenger Bank Market
|Professional Key players: Atom Bank plc, Fidor Solutions AG, Monzo Bank Limited, Movencorp, Inc., MYbank, Number26 GmbH, Simple Finance Technology Corporation, Tandem Bank, UBank limited, and WeBank|
|By Service Type (Loans, Mobile Banking, Checking & Savings Account, Payment & Money Transfer, and Others) and End User (Business and Personal)|
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
North America (United States, Canada & Mexico)
Asia-Pacific (Japan, China, India, Australia etc)
Europe (Germany, UK, France etc)
Central & South America (Brazil, Argentina etc)
Middle East & Africa (UAE, Saudi Arabia, South Africa etc)
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Furthermore, the years considered for the study are as follows:
Historical year – 2014-2019 | Base year – 2019 | Forecast period** – 2020 to 2026 [** unless otherwise stated]
Key questions answered: The Study Explore COVID 19 Outbreak Impact Analysis
- Which are the high-growth segments/cash cows and how is the market segmented in terms of applications, products, services, technologies, stakeholders?
- What are market estimates and forecasts; which market segments are doing well and which are not?
- Where are the gaps and opportunities; what is driving the market?
- Which are the key playing fields; which are the winning edge imperatives?
- How is the competitive outlook; who are the main players in each of the segments; what are the key selling products; what are their strategic directives, operational strengths and product pipelines?
- Who is doing what?
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Key Points Covered in Neo and Challenger Bank Market Report:
Chapter 1: Overview of Neo and Challenger Bank Market: The Study Explore COVID 19 Outbreak Impact Analysis
Chapter 2: Market Competition by Players/Suppliers: Detailed Overview of COVID 19 Outbreak Impact Analysis
• Manufacturing Cost Structure
• Raw Material and Suppliers
• Manufacturing Process
• Industry Chain Structure
Chapter 3: Sales (Volume) and Revenue (Value) by Region: Detailed Overview of COVID 19 Outbreak Impact Analysis
• Revenue and market share
Chapter 4, 5 and 6: Neo and Challenger Bank Market by Type, Application & Players/Suppliers Profiles: Detailed Overview of COVID 19 Outbreak Impact Analysis
• Market Share by Type & Application
• Growth Rate by Type & Application
• Drivers and Opportunities
• Company Basic Information
Chapter 7, 8 and 9: Neo and Challenger Bank Manufacturing Cost, Sourcing & Marketing Strategy Analysis: Detailed Overview of COVID 19 Outbreak Impact Analysis
• Key Raw Materials Analysis
• Upstream Raw Materials Sourcing
• Marketing Channel
Chapter 10 and 11: Neo and Challenger Bank Market Effect Factors Analysis and Market Size (Value and Volume) Forecast: Detailed Overview of COVID 19 Outbreak Impact Analysis
• Technology Progress/Risk
• Sales Volume, Revenue Forecast (by Type, Application & Region)
Chapter 12, 13, 14 and 15: Neo and Challenger Bank Market Research Findings and Conclusion, appendix and data source
• Methodology/Research Approach
• Data Source (Secondary Sources & Primary Sources)
• Market Size Estimation
……..and view more in complete table of Contents
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