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Neo and Challenger Bank Market by Type of Bank (Neo Bank and Challenger Bank)

10-05-2018 05:02 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Neo and Challenger Bank Market

Neo and Challenger Bank Market

Neo and Challenger Bank Market is registering a CAGR of 50.6% during the forecast period 2016-2020. Neo and challenger bank market has witnessed healthy growth rate in terms of customer base over the past few years, and is expected to witness optimistic growth in the near future.

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The global market is driven by factors such as government regulations, convenience offered to consumers, and low interest rates as compared to traditional banks. However, acquisition of customers and profitability are major challenges faced by these banks. Increase in penetration of smartphone and internet in the emerging economies are expected to offer lucrative opportunities for market growth. Recent approvals of MYBank and WeBank by the Chinese authorities have provided opportunities to digital-only banks to expand their presence in China.

The report analyses the neo and challenger bank market in terms of customer base based on bank type and country. On the basis of bank type, the market is segmented into neo and challenger bank. The report provides the market analysis of key countries namely, U.S., UK, Germany, China, and Australia. Neo banks lead the market in terms of customer base, and are expected to maintain their dominance throughout the forecast period.

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Challenger banks are expected to witness rapid growth in customer base in the near future due to favorable regulatory norms and enhanced convenience offered by these banks. Moreover, high prevalence of mobile and online banking in regions such as U.S., UK, and Australia is expected to drive the market in the coming years. In addition, increase in investments by angel investors and venture capitalists in fintech startups would aid these banks to sustain the competition. Furthermore, widespread launch of digital subsidiaries by traditional banks and large customer base of these banks are expected to supplement the market growth.

Traditional banks offer banking services to businesses and consumers through their branches and other online channels. 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. Moreover, customers do not have to visit bank branches for opening bank accounts and processing their loans, which supplement the market growth.

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Approvals and granting of banking licenses by financial authorities have increased over the past few years. This has supplemented the market growth and offered opportunities for development. For instance, Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have approved and granted licenses to neo and challenger banks, namely Atom Bank in June 2015, Tandem Bank in December 2015, Starling Bank in July 2016, and Monzo Bank in August 2016.

Table of Contents:


1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models


2.1. CXO Perspective


3.1. Market Definition and Scope
3.2. Key Findings

3.2.1. Top Winning Strategies
3.2.2. Top Investment Pockets

3.3. Porters Five Forces Analysis

3.3.1. Moderate Bargaining Power of Suppliers
3.3.2. High Bargaining Power of Buyers
3.3.3. Moderate Threat of Substitutes
3.3.4. High Threat of New Entrants
3.3.5. High Intensity of Competitive Rivalry

3.4. Business Model
3.5. Key Market Players Competitive Analysis, 2015
3.6. Market Dynamics

3.6.1. Drivers Convenience Offered To Consumers Best Interest Rates Offered Over Traditional Banks Regulations Supporting Market Growth Key Challenge of Acquisition of Customers Profitability: A Challenge for Digital Banks Increase in Smartphone and Internet Penetration in Economies Such as China

3.7. Developments


4.1. Overview

4.1.1. Market Size and Forecast

4.2. Neo Bank

4.2.1. Key Market Trends
4.2.2. Growth Factors and Opportunities
4.2.3. Market Size and Forecast

4.3. Challenger Bank

4.3.1. Key Market Trends
4.3.2. Growth Factors and Opportunities
4.3.3. Market Size and Forecast


5.1. Overview

5.1.1. Market Size and Forecast

5.2. U.S.

5.2.1. Key Market Trends
5.2.2. Growth Factors and Opportunities
5.2.3. Market Size and Forecast

5.3. United Kingdom

5.3.1. Key Market Trends
5.3.2. Growth Factors and Opportunities
5.3.3. Market Size and Forecast

5.4. Germany

5.4.1. Key Market Trends
5.4.2. Growth Factors and Opportunities
5.4.3. Market Size and Forecast

5.5. China

5.5.1. Key Market Trends
5.5.2. Growth Factors and Opportunities
5.5.3. Market Size and Forecast

5.6. Australia

5.6.1. Key Market Trends
5.6.2. Growth Factors and Opportunities
5.6.3. Market Size and Forecast

5.7. Rest of the World

5.7.1. Key Market Trends


6.1. Cyber Insurance

6.1.1. Executive Summary

6.2. Usage-Based Insurance

6.2.1. Executive Summary


7.1. Atom Bank PLC

7.1.1. Company Overview
7.1.2. Key Strategic Moves and Developments

7.2. Movencorp Inc.

7.2.1. Company Overview
7.2.2. Key Strategic Moves and Developments

7.3. Simple Finance Technology Corporation (Acquired By Banco Bilbao Vizcaya Argentaria)

7.3.1. Company Overview

7.4. Fidor Bank Ag (Acquired By Bpce Group)

7.4.1. Company Overview
7.4.2. Key Strategic Moves and Developments

7.5. N26

7.5.1. Company Overview
7.5.2. Key Strategic Moves and Developments

7.6. Pockit Limited

7.6.1. Company Overview
7.6.2. Key Strategic Moves and Developments

7.7. Ubank Limited

7.7.1. Company Overview
7.7.2. Key Strategic Moves and Developments

7.8. Monzo Bank Limited

7.8.1. Company Overview
7.8.2. Key Strategic Moves and Developments

7.9. Mybank (Alibaba Group)

7.9.1. Company Overview

7.10. Webank (Tencent Holdings Limited)

7.10.1. Company Overview
7.10.2. Key Strategic Moves and Developments

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
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#205, Portland, OR 97220
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