Facts and Factors have published a new research report titled “Neo and Challenger Bank Market By Type (Neo Bank and Challenger Bank) and By Applications (Personal and Business): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”.
“According to the research report, the global Neo and Challenger Bank Market was estimated at USD 18,604 Million in 2018 and is expected to reach USD 578,143 Million by 2027. The global Neo and Challenger Bank Market is expected to grow at a compound annual growth rate (CAGR) of 46.5% from 2019 to 2027”.
Neobank is a kind of direct bank providing online banking services as well as telephone. It can provide services through mobile applications as well as personal computers. Moreover, Neobank adopts technologies like artificial intelligence and machine learning. Apparently, a challenger bank is the kind of small retail bank in the UK competing directly with the established financial institutions in the country. Precisely, Neo and challenger bank are the online banking tools that can be accessed through the website and online applications. These banks are replacing the conventional banking systems through a reduction in the tedious, monotonous, and cumbersome banking process activities like account opening manually and loan processing.
Request Your Free Sample Report of Neo and Challenger Bank Market @ https://www.fnfresearch.com/sample/neo-and-challenger-bank-market-by-type-neo-146
(The free sample of this report is readily available on request).
Our Free Sample Report Includes:
- 2020 Updated Report Introduction, Overview, and In-depth industry analysis
- COVID-19 Pandemic Outbreak Impact Analysis Included
- 190+ Pages Research Report (Inclusion of Updated Research)
- Provide Chapter-wise guidance on Request
- 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
- Includes Updated List of table & figures
- Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
- Facts and Factors research methodology
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the Neo and Challenger Bank Market?
2) What is the market size, share of the Neo and Challenger Bank Market?
3) Who are the top market players in Neo and Challenger Bank Market?
4) What will be the future market of the Neo and Challenger Bank Market?
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/neo-and-challenger-bank-market-by-type-neo-146
(You may enquire a report quote OR available discount offers to our sales team before purchase.)
Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact
Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All these scenarios will play out differently across various regions and industries, making accurate and timely market research more essential than ever.
We at Facts and Factors (http://www.fnfresearch.com) understand how difficult it is for you to plan, strategize, or make business decisions, and as such, we have your back to support you in these uncertain times with our research insights. Our team of consultants, analysts, and experts has developed an analytical model tool for markets that helps us to assess the impact of the virus more effectively on the industrial markets. We are further implementing these insights into our reports for a better understanding of our clients.
Request Pre and Post COVID-19 Impact Analysis on Businesses: https://www.fnfresearch.com/sample/neo-and-challenger-bank-market-by-type-neo-146
Higher interest rates & reduced transaction charges to drive the market growth by 2027
The rates of interest provided by the neo & challenger banks are more as compared to traditional banks. Apart from this, the rate of money transfer is reasonable due to the use of neo & challenger bank tools. Even the transaction charges of the neo & challenger bank are less in comparison to the transaction charges levied by traditional banks.
Furthermore, neo & challenger bank provides speed, easy accessibility, functionality, and simplicity. Additionally, flexible government laws for neo and challenger investors will impel the expansion of the neo and challenger bank industry during the forecast timeline. Apparently, the massive demographic shift towards digitization along with escalating demand for digital apps across the finance industry will boost the growth of the market during the forecast timeline. Nonetheless, the growing use of smartphones in developed as well as emerging economies will boost the demand for digital & app-based banking services, thereby driving market growth.
Industry Major Market Players
- DBS (digibank),
- Starling Bank,
- Kakao Bank,
- Koho Financial Inc.,
- Atom Bank plc,
- Hello bank (BNP Paribas),
- Fidor Solutions AG,
- Pockit Limited,
- Monzo Bank Limited,
- Jibun Bank Corporation,
- N26 GmbH,
- Holvi Payment Services Ltd.,
- Tandem Bank Limited,
- Fidor Bank.
To know an additional revised 2020 list of market players, request a sample report: https://www.fnfresearch.com/sample/neo-and-challenger-bank-market-by-type-neo-146
Neo bank type segment to register the highest CAGR during the forecast period
The growth of the segment is due to the low cost of transactions, no monthly fees, no withdrawal expenses, and reduced reloading fees. Apart from this, huge ATM networks with no charges along with reloadable debit cards are expected to prompt segmental growth during the period from 2019 to 2027.
Business segment to dominate the application landscape in terms of revenue by 2027
Rise in the adoption of mobile and digital banking as the modes of payment by large firms as well as small & medium-sized enterprises is anticipated to boost the growth of the business segment over the forecast period.
Directly Purchase a copy of the report with TOC @ https://www.fnfresearch.com/buynow/su/neo-and-challenger-bank-market-by-type-neo-146
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the Neo and Challenger Bank market by segmenting the market based on type, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027.
Request Customized Copy of Report @ https://www.fnfresearch.com/customization/neo-and-challenger-bank-market-by-type-neo-146
(We customize your report according to your research need. Ask our sales team for report customization.)
Neo & challenger bank provides speed, easy accessibility, functionality, and simplicity. In addition to this, flexible government rules for neo and challenger investors will propel the expansion of the neo and challenger bank industry over the forecast timeframe. Apparently, the massive shift of the people towards digitization coupled with escalating demand for digital apps across the finance industry will enhance the expansion of the market during the forecast timeline. Nonetheless, the mammoth use of smartphones in developed as well as emerging economies will perpetuate the demand for digital & app-based banking services, thereby driving the market surge over the forecast timeline.
Europe to contribute majorly towards the overall regional market revenue share by 2027
The growth of the regional market is due to countries like the UK being the early adopters of neo and challenger banking services.
Browse the full “Neo and Challenger Bank Market By Type (Neo Bank and Challenger Bank) and By Applications (Personal and Business): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027” report at https://www.fnfresearch.com/neo-and-challenger-bank-market-by-type-neo-146
Key Features of Neo and Challenger Bank Market Report:
- Neo and Challenger Bank Market structure: Overview, industry life cycle analysis, supply chain analysis
- Neo and Challenger Bank Market: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Neo and Challenger Bank Market size, trend, and forecast analysis
- Neo and Challenger Bank Market segments’ trend and forecast
- Neo and Challenger Bank Market’s competitive landscapes: Market share, Product portfolio, new product launches, etc.
- Neo and Challenger Bank Market attractiveness and associated growth opportunities
- Emerging Trends in the Neo and Challenger Bank Market.
- Strategic growth opportunities for the existing and new players
- Key success factors
This report segments the neo and challenger bank market as follows:
Global Neo and Challenger Bank Market: By Type Segment Analysis
- Neo Bank
- Challenger Bank
Global Neo and Challenger Bank Market: By Applications Segment Analysis
Product Information Management (PIM) Market: https://www.fnfresearch.com/product-information-management-pim-market-by-deployment-type-155
SLAM Technology Market: https://www.fnfresearch.com/slam-technology-market-by-platform-augmented-reality-unmanned-157
E-Invoicing Market: https://www.fnfresearch.com/e-invoicing-market-by-type-cloud-based-and-177
Virtual Fitness Market: https://www.fnfresearch.com/virtual-fitness-market-by-session-type-group-and-180
Asia Pacific Desktop as a Service Market: https://www.fnfresearch.com/asia-pacific-desktop-as-a-service-market-by-187
About Facts & Factors (FnF Research):
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Follow Us LinkedIn: https://www.linkedin.com/company/fnfresearch
Follow Us Twitter: https://twitter.com/fnfresearch
Facts & Factors