According to AMA, the Neo and Challenger Bank market will register a CAGR of above 44.35% by 2024. The study covers a detailed analysis segmented by key business segments i.e. by type (Neo Bank and Challenger Bank) , by application (Personal and Business) and major geographies. Research Analyst at AMA predicts that United Kingdom Players will contribute to the maximum growth of Global Neo and Challenger Bank market throughout the predicted period.
The competition is expected to become even more intense in the coming years with the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Neo and Challenger Bank market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, including:
- 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)
- Jenius (Indonesia)
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future.
Inclination towards mobile banking and Fad for reckless transactions
- Secure large number of customers
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 behaviour
Uncovering markets 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
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Neo and Challenger Bank market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Neo and Challenger Bank market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Channel partners, Industry Association, Governments and investment communities and Research organizations and associations.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.