Scope of the Study
A direct bank is a bank without any branch network that offers its services remotely via online banking and telephone banking. It may also provide access via ATMs, mail and mobile. By operating this way direct banks reduces running costs and can offer more cost-efficient products. These banks offers only online saving accounts and offers higher interest rates than their traditional competitors as these banks are cost efficient to operate.
The market study is being classified by Type (Neo Bank and Challenger Bank), by Application (Business and Personal) and major geographies with country level break-up.
Atom Bank (United Kingdom), Simple Bank (United States), Fidor Bank (Germany), N26 Bank (Germany), Pockit (United Kingdom), Ubank (Australia), Monzo Bank (United Kingdom), Holvi Bank (Finland), Hello Bank (France) and Jibun Bank (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Global Players will contribute to the maximum growth of Global Direct Bank market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Direct Bank market by Type, Application and Region.
On the basis of geography, the market of Direct Bank has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Lack of Significant Infrastructure and Overhead Costs
- Offers Higher Interest Rates or Annual Percentage Yields
- Continued Cloud Technology Improvements
- Less Flexibility with Transactions
- No Personal Relationships
- Growing Demand from Key Regions
- Rising Use of Internet Worldwide
- Provides Limited Services
On 11th June 2019, N26, European fintech startup launched its challenger bank in the United States. The company is launching a bank account with a debit card that should provide a better experience compared to traditional retail banks.
Key Target AudienceDirect Bank Providers, Emerging Companies, Research Professionals, Government Body & Associations and End-user
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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