Challenger Banks in Europe Market 2022 Global Insights and Business Scenario –Software AG, Nice Ltd., BAE Systems, Inc., eFlow Ltd

Challenger Banks in Europe Market Report 2022: New Business Ideas and Perceptions

The Global Challenger Banks in Europe Market Report 2022-2026 provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, restraints, and competitive landscape that are playing a substantial role in the Challenger Banks in Europe market. The increasing consumer demand & spending on Challenger Banks in Europe market is expected to drive the enormous growth over the forecast years. The comprehensive Challenger Banks in Europe market Report will help clients to comprehend the market ups-downs and numerous different angles.

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Key Market Trend: Challenger Banks in Europe-

The EU Banking Industry - similar to the US banking landscape  is dominated by large players. However, it is also showcasing characteristics of a market ripe for disruption through a combination of economic, regulatory & secular trends. Following the cris

-Market Opportunity: Traditional Banks Raise Maintenance Fee

Traditional banks continue to raise fees while public trust remains questionable. A few incidents showcase the same. For example, on September 8, 2016, Wells Fargo admitted to having created 3.5 million fake accounts and agreed to pay USD 185 million in fines and penalties to regulators. Consumers paid USD 34.4 billion in overdraft fees in 2017. This was the highest since 2009. Monthly maintenance fees were up 8% compared to 2013, averaging over USD 13 a month. ATM fees were up 10.7% compared to 2013. The number of traditional banks offering free checking accounts is dropping. All these factors have paved the way for consumers to look for cheaper and better options in the form of challenger banks.

Key Players In Challenger Banks in Europe Market-

Software AG, Nice Ltd., BAE Systems, Inc., eFlow Ltd., Fidelity National Information Services, Inc., Nasdaq, Inc., SIA S.P.A., Aquis Technologies, B-Next Group, ACA Compliance Group Holdings, LLC, Eventus Systems

The study accurately predicts the size and volume of the Challenger Banks in Europe market in the present and the future. The report offers a comprehensive study of the Challenger Banks in Europe and information about the expected future trends that will have a significant impact on the growth of the market.

Competitive Landscape- Challenger Banks in Europe

On January 13, 2018, an overhaul of the Payments Services Directive (PSD2) required banks to open their payments infrastructure and customer data assets allowing third parties to use them to develop payments and information services for consumers  essentially PSD2 dissolved banks monopoly on consumer financial data. This helped many players like N24, Revolut to provide expanded service offerings and gain customer base. Also large banks entered partnerships with fintech players.

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Challenger Banks in Europe Market, By Geography-

Challenger Banks offer attractive returns for savers in Europe

Challenger Banks in Europe have this major proposition - better products at cheaper costs. Using the rapid technological adoption of customers and legacy systems of large players being insufficient to cater to their growing needs as an opportunity, new banks have come up with attractive products offered through online platforms at cheaper costs. For comparison sake, average interest rates offered for savings account holders of leading large banks in Europe namely Barclays, BNP Paribas, HSBC, RBS, Santander, Lloyd's, Credit Agricole, Deutsche Bank are compared with challengers banks like Atom Bank, N26, Tandem, ad a few others. There is clear benefit observed which is presented in the infographic below.

Reasons to Purchase this Report-

Includes an in-depth analysis of the Challenger Banks in Europe market of various perspectives through Porter’s five forces analysis.
Provides insight into the Challenger Banks in Europe market through Value Chain Analysis.
Challenger Banks in Europe Market dynamics scenario, along with growth opportunities of the market in the years to come.
6-month post-sales analyst support.

Here’s how Market Insights Reports helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The researchers analyse recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures.

Perfect Market Size Estimations: The report analyses the demographics, growth potential, and capability of the Challenger Banks in Europe market through the forecast period.

This factor leads to the estimation of the Challenger Banks in Europe market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular Challenger Banks in Europe market that will help the stakeholders to be aware of the current investment scenario across the market.

"Final Report will add the analysis of the impact of COVID-19 on Challenger Banks in Europe industry."

Customization Scope-

Free report customization (equivalent up to 4 analysts working days) with Challenger Banks in Europe Report purchase. Addition or alteration to country, regional & segment scope.

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