The neo and challenger bank market is rapidly growing, driven by favorable regulations, consumer convenience, and competitive interest rates. Challengers are gaining substantial customer bases, particularly in the U.S., U.K., Germany, and China, with expected CAGR growth of 52.6% in the challenger banks segment. The document provides insights into market segmentation and key players, highlighting the transformative impact of digital banking on traditional financial services.

1. PUBLISHED DATE: 12-JAN-17
Neo and
Challenger Bank
Market
Opportunities and
Forecasts, 2014- 2022

2. 
 The growth of the neo and challenger bank market is driven by factors such as
favorable government regulations, convenience offered to consumers, and higher
interest rates than traditional banks.
 Digital challenger banks are simplifying the financial world, creating a customer
centric approach to services, and transforming the way banking is viewed by the
public and the market.
 The neo and challenger bank market is segmented based on the type of bank into
neo and challenger banks.
 The challenger banks segment is expected to grow at a CAGR of 52.6% in terms of
customer base because of the proliferation of these banks in regions such as UK,
Germany, and China.
 The U.S. market is followed by the UK, which also has an impressive customer
base, owing to favorable regulations and substantial investments funding such
fintech startups.
 The Chinese market has witnessed the entry of MYBank and WeBank post
approval from China Banking Regulatory Commission (CBRC). Baidu, a challenger
bank, has partnered with CITIC Bank International to launch its own online bank.
NEO AND CHALLENGER BANK MARKET- INTRODUCTION

3. NEO AND CHALLENGER BANK MARKET- KEY FINDINGS
 The U.S. accounts for the largest customer
base in neo bank market in 2016, and is
expected to maintain its dominance
throughout the forecast period.
 In Challenger bank market, Germany
accounts for the lions share in 2016.
 The neo and challenger banks market in
China is anticipated to witness the fastest
growth rate during 20172020.
 Neo banks has the largest customer base in
2016, and is expected to dominate the
market in the near future.

4. TABLE OF CONTENTS
 INTRODUCTION
 EXECUTIVE SUMMARY
 MARKET OVERVIEW
 NEO AND CHALLENGER BANK MARKET, BY BANK TYPE
 NEO AND CHALLENGER BANK MARKET, BY COUNTRY
 RELATED INDUSTRY INSIGHTS

5. NEO AND CHALLENGER BANK MARKET SEGMENTATION

6. TOP IMPACTING FACTORS: NEO AND
CHALLENGER BANK MARKET

7. COMPARATIVE SHARE ANALYSIS

8. NEO AND CHALLENGER BANK MARKET- BY
GEOGRAPHY
North America, Europe, Asia Pacific, LAMEA

9. 1) Atom Bank Plc
2) Movencorp
3) Simple Finance Technology Corporation
4) Fidor Bank AG
5) N26
6) Pockit Limited
7) UBank Limited
COMPANY PROFILES

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