Global Neo and Challenger Bank Market Size, Status and Forecast 2019-2025
Table of Contents
1 Report Overview
- 1.1 Study Scope
- 1.2 Key Market Segments
- 1.3 Players Covered
- 1.4 Market Analysis by Type
- 1.4.1 Global Neo and Challenger Bank Market Size Growth Rate by Type (2014-2025)
- 1.4.2 Neobanks
- 1.4.3 Challenger Banks
- 1.5 Market by Application
- 1.5.1 Global Neo and Challenger Bank Market Share by Application (2014-2025)
- 1.5.2 Personal Consumers
- 1.5.3 Business Organizations
- 1.6 Study Objectives
- 1.7 Years Considered
2 Global Growth Trends
- 2.1 Neo and Challenger Bank Market Size
- 2.2 Neo and Challenger Bank Growth Trends by Regions
- 2.2.1 Neo and Challenger Bank Market Size by Regions (2014-2025)
- 2.2.2 Neo and Challenger Bank Market Share by Regions (2014-2019)
- 2.3 Industry Trends
- 2.3.1 Market Top Trends
- 2.3.2 Market Drivers
- 2.3.3 Market Opportunities
3 Market Share by Key Players
- 3.1 Neo and Challenger Bank Market Size by Manufacturers
- 3.1.1 Global Neo and Challenger Bank Revenue by Manufacturers (2014-2019)
- 3.1.2 Global Neo and Challenger Bank Revenue Market Share by Manufacturers (2014-2019)
- 3.1.3 Global Neo and Challenger Bank Market Concentration Ratio (CR5 and HHI)
- 3.2 Neo and Challenger Bank Key Players Head office and Area Served
- 3.3 Key Players Neo and Challenger Bank Product/Solution/Service
- 3.4 Date of Enter into Neo and Challenger Bank Market
- 3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type and Application
- 4.1 Global Neo and Challenger Bank Market Size by Type (2014-2019)
- 4.2 Global Neo and Challenger Bank Market Size by Application (2014-2019)
5 United States
- 5.1 United States Neo and Challenger Bank Market Size (2014-2019)
- 5.2 Neo and Challenger Bank Key Players in United States
- 5.3 United States Neo and Challenger Bank Market Size by Type
- 5.4 United States Neo and Challenger Bank Market Size by Application
6 Europe
- 6.1 Europe Neo and Challenger Bank Market Size (2014-2019)
- 6.2 Neo and Challenger Bank Key Players in Europe
- 6.3 Europe Neo and Challenger Bank Market Size by Type
- 6.4 Europe Neo and Challenger Bank Market Size by Application
7 China
- 7.1 China Neo and Challenger Bank Market Size (2014-2019)
- 7.2 Neo and Challenger Bank Key Players in China
- 7.3 China Neo and Challenger Bank Market Size by Type
- 7.4 China Neo and Challenger Bank Market Size by Application
8 Japan
- 8.1 Japan Neo and Challenger Bank Market Size (2014-2019)
- 8.2 Neo and Challenger Bank Key Players in Japan
- 8.3 Japan Neo and Challenger Bank Market Size by Type
- 8.4 Japan Neo and Challenger Bank Market Size by Application
9 Southeast Asia
- 9.1 Southeast Asia Neo and Challenger Bank Market Size (2014-2019)
- 9.2 Neo and Challenger Bank Key Players in Southeast Asia
- 9.3 Southeast Asia Neo and Challenger Bank Market Size by Type
- 9.4 Southeast Asia Neo and Challenger Bank Market Size by Application
10 India
- 10.1 India Neo and Challenger Bank Market Size (2014-2019)
- 10.2 Neo and Challenger Bank Key Players in India
- 10.3 India Neo and Challenger Bank Market Size by Type
- 10.4 India Neo and Challenger Bank Market Size by Application
11 Central & South America
- 11.1 Central & South America Neo and Challenger Bank Market Size (2014-2019)
- 11.2 Neo and Challenger Bank Key Players in Central & South America
- 11.3 Central & South America Neo and Challenger Bank Market Size by Type
- 11.4 Central & South America Neo and Challenger Bank Market Size by Application
12 International Players Profiles
- 12.1 Atom Bank
- 12.1.1 Atom Bank Company Details
- 12.1.2 Company Description and Business Overview
- 12.1.3 Neo and Challenger Bank Introduction
- 12.1.4 Atom Bank Revenue in Neo and Challenger Bank Business (2014-2019)
- 12.1.5 Atom Bank Recent Development
- 12.2 Movencorp
- 12.2.1 Movencorp Company Details
- 12.2.2 Company Description and Business Overview
- 12.2.3 Neo and Challenger Bank Introduction
- 12.2.4 Movencorp Revenue in Neo and Challenger Bank Business (2014-2019)
- 12.2.5 Movencorp Recent Development
- 12.3 Simple Finance Technology
- 12.3.1 Simple Finance Technology Company Details
- 12.3.2 Company Description and Business Overview
- 12.3.3 Neo and Challenger Bank Introduction
- 12.3.4 Simple Finance Technology Revenue in Neo and Challenger Bank Business (2014-2019)
- 12.3.5 Simple Finance Technology Recent Development
- 12.4 Fidor Group
- 12.4.1 Fidor Group Company Details
- 12.4.2 Company Description and Business Overview
- 12.4.3 Neo and Challenger Bank Introduction
- 12.4.4 Fidor Group Revenue in Neo and Challenger Bank Business (2014-2019)
- 12.4.5 Fidor Group Recent Development
- 12.5 N26
- 12.5.1 N26 Company Details
- 12.5.2 Company Description and Business Overview
- 12.5.3 Neo and Challenger Bank Introduction
- 12.5.4 N26 Revenue in Neo and Challenger Bank Business (2014-2019)
- 12.5.5 N26 Recent Development
- 12.6 Pockit
- 12.6.1 Pockit Company Details
- 12.6.2 Company Description and Business Overview
- 12.6.3 Neo and Challenger Bank Introduction
- 12.6.4 Pockit Revenue in Neo and Challenger Bank Business (2014-2019)
- 12.6.5 Pockit Recent Development
- 12.7 Ubank
- 12.7.1 Ubank Company Details
- 12.7.2 Company Description and Business Overview
- 12.7.3 Neo and Challenger Bank Introduction
- 12.7.4 Ubank Revenue in Neo and Challenger Bank Business (2014-2019)
- 12.7.5 Ubank Recent Development
- 12.8 Monzo Bank
- 12.8.1 Monzo Bank Company Details
- 12.8.2 Company Description and Business Overview
- 12.8.3 Neo and Challenger Bank Introduction
- 12.8.4 Monzo Bank Revenue in Neo and Challenger Bank Business (2014-2019)
- 12.8.5 Monzo Bank Recent Development
- 12.9 MyBank (Alibaba Group)
- 12.9.1 MyBank (Alibaba Group) Company Details
- 12.9.2 Company Description and Business Overview
- 12.9.3 Neo and Challenger Bank Introduction
- 12.9.4 MyBank (Alibaba Group) Revenue in Neo and Challenger Bank Business (2014-2019)
- 12.9.5 MyBank (Alibaba Group) Recent Development
- 12.10 Holvi Bank
- 12.10.1 Holvi Bank Company Details
- 12.10.2 Company Description and Business Overview
- 12.10.3 Neo and Challenger Bank Introduction
- 12.10.4 Holvi Bank Revenue in Neo and Challenger Bank Business (2014-2019)
- 12.10.5 Holvi Bank Recent Development
- 12.11 WeBank (Tencent Holdings Limited)
- 12.12 Hello Bank
- 12.13 Koho Bank
- 12.14 Rocket Bank
- 12.15 Soon Banque
- 12.16 Digibank
- 12.17 Timo
- 12.18 Jibun
- 12.19 Jenius
- 12.20 K Bank
- 12.21 Kakao Bank
- 12.22 Starling Bank
- 12.23 Tandem Bank
13 Market Forecast 2019-2025
- 13.1 Market Size Forecast by Regions
- 13.2 United States
- 13.3 Europe
- 13.4 China
- 13.5 Japan
- 13.6 Southeast Asia
- 13.7 India
- 13.8 Central & South America
- 13.9 Market Size Forecast by Product (2019-2025)
- 13.10 Market Size Forecast by Application (2019-2025)
14 Analyst's Viewpoints/Conclusions
15 Appendix
- 15.1 Research Methodology
- 15.1.1 Methodology/Research Approach
- 15.1.1.1 Research Programs/Design
- 15.1.1.2 Market Size Estimation
- 12.1.1.3 Market Breakdown and Data Triangulation
- 15.1.2 Data Source
- 15.1.2.1 Secondary Sources
- 15.1.2.2 Primary Sources
- 15.1.1 Methodology/Research Approach
- 15.2 Disclaimer
Neo and Challenger Bank are fintech based financial providers that provided services digitally, includes companies that applied for their own banking license (categorized as Challenger Banks). and companies that partnered with a traditional bank to provide those financial services (categorized as Neo banks).
Existing neo and Challenger banks have set up marketplaces to provide customer-centric products as part of their collective mission to provide more than a digital version of traditional banking. The marketplaces may be in their infancy, but they are growing in terms of the products they offer and level of integrations. In doing so, neo and Challenger banks will service a far wider segment of customers than a traditional bank as they vie to become the centre of solving the wider customer need.
Neo and Challenger Bank market is developing unbalanced based on regions. In 2018, Europe is holding the largest market share for Neo and Challenger Bank market due to its active and booming banking service market. U.S., China, India and other Asia countries are expected to witness higher growth rates on account of relaxations in regulatory requirements, high penetration of internet and smartphones, and large untapped consumer base in these countries.
The global Neo and Challenger Bank market is highly competitive and fragmented due to the presence of numerous small vendors in the market. Atom Bank, WeBank (Tencent Holdings Limited), N26, Starling Bank and Tandem Bank are key Neo and Challenger Bank service providers in Global Neo and Challenger Bank market. Other prominent players in the market include Movencorp, Simple Finance Technology, Fidor Group, etc. Growing mobile adoption and new regulations will help challengers expand services.
In 2018, the global Neo and Challenger Bank market size was 2800 million US$ and it is expected to reach 30100 million US$ by the end of 2025, with a CAGR of 40.4% during 2019-2025.
This report focuses on the global Neo and Challenger Bank status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Neo and Challenger Bank development in United States, Europe and China.
The key players covered in this study
Atom Bank
Movencorp
Simple Finance Technology
Fidor Group
N26
Pockit
Ubank
Monzo Bank
MyBank (Alibaba Group)
Holvi Bank
WeBank (Tencent Holdings Limited)
Hello Bank
Koho Bank
Rocket Bank
Soon Banque
Digibank
Timo
Jibun
Jenius
K Bank
Kakao Bank
Starling Bank
Tandem Bank
Market segment by Type, the product can be split into
Neobanks
Challenger Banks
Market segment by Application, split into
Personal Consumers
Business Organizations
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Neo and Challenger Bank status, future forecast, growth opportunity, key market and key players.
To present the Neo and Challenger Bank development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Neo and Challenger Bank are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.