Global Neo and Challenger Banks Market

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Global Neo and Challenger Bank Market2017
2025

• Published by Accurize Market Research Pvt. Ltd.

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Global Neo and Challenger Bank Market is
Estimated to Reach 356 Million by 2025, Says
Accurize Market Research

• Global neo and challenger bank market report
  published by Accurize Market Research forecast
  that the global market is expected to reach 356
  Million by 2025 growing at a CAGR of 45.8 from
  2017 to 2025. By geography, the Asia Pacific and
  North America are expected to grow at a CAGR of
  XX and XX, respectively, during the forecast
  period.
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• https//www.accurizemarketresearch.com/report/neo-
  and-challenger-bank-market/sample-request

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Global Neo and Challenger Bank Market is
Estimated to Reach 356 Million by 2025, Says
Accurize Market Research

• High-interest rates as compared to traditional
  banks to drive the growth of the market
• High-interest rates as compared to traditional
  banks and proactive banking guidelines to grant
  licenses fuel the demand for the global neo and
  challenger bank market. Moreover, enhanced
  accessibility to customers also boosts the growth
  of the market.

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Market Segmentation

• The global neo and challenger bank market has
  been bifurcated on the basis of bank type and
  geography. The bank type segment includes a neo
  bank and challenger bank. By geography, the
  market is segmented into the U.S., UK, Germany,
  China, and Australia.
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Market Segmentation

• Neo bank accounted for the largest market share
  in the bank type segment", says Accurize
• By bank type segment, Neo bank held the major
  market share, in 2017 and is likely to continue
  its dominance during the forecast period 2017
  2025. The high growth is attributed to the
  eminence of these banks in the U.S. and the ease
  in the acquisition of customers. In terms of
  growth, challenger bank is estimated to attain
  the fastest CAGR driven by factors such as the
  proliferation of these banks in regions such as
  UK, Germany, and China with a high customer base,
  favorable regulations and substantial investments
  for these start-ups.

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Market Segmentation

• The US dominated the global market with the
  highest market share over the forecast period",
  says Accurize
• In 2017, the U.S. generated the maximum revenue
  accounting for the market share of 56.8 of the
  total market and is estimated to achieve the
  fastest CAGR during the forecast period 2017
  2025. Substantial fintech investments and large
  SME market in the U.S. is supporting the market
  growth with advanced products, solutions, and
  services.

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Top players in the market

• The key market players include
• Movencorp, Inc.,
• Atom Bank Plc,
• Simple Finance Technology Corporation,
• Pockit Limited,
• Fidor Bank AG,
• Number26 GmbH,
• Monzo Bank Limited,
• My Bank (Alibaba Group),
• We Bank,
• U Bank Limited among others.

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