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Service & Software Global Neo and Challenger Bank Market 2023 by Company, Regions, Type and Application, Forecast to 2029

  • RnM3680763
    • |
  • 17 April, 2023
    • |
  • Global
    • |
  • 124 Pages
    • |
  • GIR (Global Info Research)
    • |
  • Service & Software

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). Specifically, a neo bank is a type of direct bank that is 100% digital and reaches customers on mobile apps and personal computer platforms only. In general, a neo-bank don’t have their own bank license – they are an institution that provides checking, a prepaid debit card and some form of savings account without the traditional brick-and-mortar building. This usually includes features like mobile deposits, P2P payments, mobile budgeting tools and real-time digital receipts. Challenger banks are defined as fintech companies leveraging technology and software to digitize and streamline retail banking. Challengers use digital distribution channels, typically mobile, to offer competitive retail banking services such as current accounts, savings accounts, loans, insurance, and credit cards. While neo-banks offer a mobile-first banking experience in partnership with a traditional bank, challenger banks aim at becoming fully-licensed banks, creating new data-driven banking experiences and pricing models.
According to our (Global Info Research) latest study, the global Neo and Challenger Bank market size was valued at USD 7063.7 million in 2022 and is forecast to a readjusted size of USD 37220 million by 2029 with a CAGR of 26.8% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main Neo and Challenger Bank players include Atom Bank, Tandem Bank, N26, WeBank, MyBank, Starling Bank, etc. The top six Neo and Challenger Bank players account for approximately 24% of the total global market. Europe is the largest consumer market for Neo and Challenger Bank, followed by North America and Asia-Pacific. And in terms of Applications, the largest segment is Business, followed by Personal.
This report is a detailed and comprehensive analysis for global Neo and Challenger Bank market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Neo and Challenger Bank market size and forecasts, in consumption value ($ Million), 2018-2029
Global Neo and Challenger Bank market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Neo and Challenger Bank market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Neo and Challenger Bank market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Neo and Challenger Bank
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Neo and Challenger Bank market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Atom Bank, Movencorp, Simple Finance Technology, Fidor Group and N26, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Neo and Challenger Bank market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Neobanks
Challenger Banks
Market segment by Application
Personal Consumers
Business Organizations
Market segment by players, this report covers
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 regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Neo and Challenger Bank product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Neo and Challenger Bank, with revenue, gross margin and global market share of Neo and Challenger Bank from 2018 to 2023.
Chapter 3, the Neo and Challenger Bank competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Neo and Challenger Bank market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Neo and Challenger Bank.
Chapter 13, to describe Neo and Challenger Bank research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope of Neo and Challenger Bank
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Neo and Challenger Bank by Type
    • 1.3.1 Overview: Global Neo and Challenger Bank Market Size by Type: 2018 Versus 2022 Versus 2029
    • 1.3.2 Global Neo and Challenger Bank Consumption Value Market Share by Type in 2022
    • 1.3.3 Neobanks
    • 1.3.4 Challenger Banks
  • 1.4 Global Neo and Challenger Bank Market by Application
    • 1.4.1 Overview: Global Neo and Challenger Bank Market Size by Application: 2018 Versus 2022 Versus 2029
    • 1.4.2 Personal Consumers
    • 1.4.3 Business Organizations
  • 1.5 Global Neo and Challenger Bank Market Size & Forecast
  • 1.6 Global Neo and Challenger Bank Market Size and Forecast by Region
    • 1.6.1 Global Neo and Challenger Bank Market Size by Region: 2018 VS 2022 VS 2029
    • 1.6.2 Global Neo and Challenger Bank Market Size by Region, (2018-2029)
    • 1.6.3 North America Neo and Challenger Bank Market Size and Prospect (2018-2029)
    • 1.6.4 Europe Neo and Challenger Bank Market Size and Prospect (2018-2029)
    • 1.6.5 Asia-Pacific Neo and Challenger Bank Market Size and Prospect (2018-2029)
    • 1.6.6 South America Neo and Challenger Bank Market Size and Prospect (2018-2029)
    • 1.6.7 Middle East and Africa Neo and Challenger Bank Market Size and Prospect (2018-2029)

2 Company Profiles

  • 2.1 Atom Bank
    • 2.1.1 Atom Bank Details
    • 2.1.2 Atom Bank Major Business
    • 2.1.3 Atom Bank Neo and Challenger Bank Product and Solutions
    • 2.1.4 Atom Bank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.1.5 Atom Bank Recent Developments and Future Plans
  • 2.2 Movencorp
    • 2.2.1 Movencorp Details
    • 2.2.2 Movencorp Major Business
    • 2.2.3 Movencorp Neo and Challenger Bank Product and Solutions
    • 2.2.4 Movencorp Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.2.5 Movencorp Recent Developments and Future Plans
  • 2.3 Simple Finance Technology
    • 2.3.1 Simple Finance Technology Details
    • 2.3.2 Simple Finance Technology Major Business
    • 2.3.3 Simple Finance Technology Neo and Challenger Bank Product and Solutions
    • 2.3.4 Simple Finance Technology Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.3.5 Simple Finance Technology Recent Developments and Future Plans
  • 2.4 Fidor Group
    • 2.4.1 Fidor Group Details
    • 2.4.2 Fidor Group Major Business
    • 2.4.3 Fidor Group Neo and Challenger Bank Product and Solutions
    • 2.4.4 Fidor Group Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.4.5 Fidor Group Recent Developments and Future Plans
  • 2.5 N26
    • 2.5.1 N26 Details
    • 2.5.2 N26 Major Business
    • 2.5.3 N26 Neo and Challenger Bank Product and Solutions
    • 2.5.4 N26 Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.5.5 N26 Recent Developments and Future Plans
  • 2.6 Pockit
    • 2.6.1 Pockit Details
    • 2.6.2 Pockit Major Business
    • 2.6.3 Pockit Neo and Challenger Bank Product and Solutions
    • 2.6.4 Pockit Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.6.5 Pockit Recent Developments and Future Plans
  • 2.7 Ubank
    • 2.7.1 Ubank Details
    • 2.7.2 Ubank Major Business
    • 2.7.3 Ubank Neo and Challenger Bank Product and Solutions
    • 2.7.4 Ubank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.7.5 Ubank Recent Developments and Future Plans
  • 2.8 Monzo Bank
    • 2.8.1 Monzo Bank Details
    • 2.8.2 Monzo Bank Major Business
    • 2.8.3 Monzo Bank Neo and Challenger Bank Product and Solutions
    • 2.8.4 Monzo Bank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.8.5 Monzo Bank Recent Developments and Future Plans
  • 2.9 MyBank (Alibaba Group)
    • 2.9.1 MyBank (Alibaba Group) Details
    • 2.9.2 MyBank (Alibaba Group) Major Business
    • 2.9.3 MyBank (Alibaba Group) Neo and Challenger Bank Product and Solutions
    • 2.9.4 MyBank (Alibaba Group) Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.9.5 MyBank (Alibaba Group) Recent Developments and Future Plans
  • 2.10 Holvi Bank
    • 2.10.1 Holvi Bank Details
    • 2.10.2 Holvi Bank Major Business
    • 2.10.3 Holvi Bank Neo and Challenger Bank Product and Solutions
    • 2.10.4 Holvi Bank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.10.5 Holvi Bank Recent Developments and Future Plans
  • 2.11 WeBank (Tencent Holdings Limited)
    • 2.11.1 WeBank (Tencent Holdings Limited) Details
    • 2.11.2 WeBank (Tencent Holdings Limited) Major Business
    • 2.11.3 WeBank (Tencent Holdings Limited) Neo and Challenger Bank Product and Solutions
    • 2.11.4 WeBank (Tencent Holdings Limited) Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.11.5 WeBank (Tencent Holdings Limited) Recent Developments and Future Plans
  • 2.12 Hello Bank
    • 2.12.1 Hello Bank Details
    • 2.12.2 Hello Bank Major Business
    • 2.12.3 Hello Bank Neo and Challenger Bank Product and Solutions
    • 2.12.4 Hello Bank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.12.5 Hello Bank Recent Developments and Future Plans
  • 2.13 Koho Bank
    • 2.13.1 Koho Bank Details
    • 2.13.2 Koho Bank Major Business
    • 2.13.3 Koho Bank Neo and Challenger Bank Product and Solutions
    • 2.13.4 Koho Bank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.13.5 Koho Bank Recent Developments and Future Plans
  • 2.14 Rocket Bank
    • 2.14.1 Rocket Bank Details
    • 2.14.2 Rocket Bank Major Business
    • 2.14.3 Rocket Bank Neo and Challenger Bank Product and Solutions
    • 2.14.4 Rocket Bank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.14.5 Rocket Bank Recent Developments and Future Plans
  • 2.15 Soon Banque
    • 2.15.1 Soon Banque Details
    • 2.15.2 Soon Banque Major Business
    • 2.15.3 Soon Banque Neo and Challenger Bank Product and Solutions
    • 2.15.4 Soon Banque Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.15.5 Soon Banque Recent Developments and Future Plans
  • 2.16 Digibank
    • 2.16.1 Digibank Details
    • 2.16.2 Digibank Major Business
    • 2.16.3 Digibank Neo and Challenger Bank Product and Solutions
    • 2.16.4 Digibank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.16.5 Digibank Recent Developments and Future Plans
  • 2.17 Timo
    • 2.17.1 Timo Details
    • 2.17.2 Timo Major Business
    • 2.17.3 Timo Neo and Challenger Bank Product and Solutions
    • 2.17.4 Timo Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.17.5 Timo Recent Developments and Future Plans
  • 2.18 Jibun
    • 2.18.1 Jibun Details
    • 2.18.2 Jibun Major Business
    • 2.18.3 Jibun Neo and Challenger Bank Product and Solutions
    • 2.18.4 Jibun Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.18.5 Jibun Recent Developments and Future Plans
  • 2.19 Jenius
    • 2.19.1 Jenius Details
    • 2.19.2 Jenius Major Business
    • 2.19.3 Jenius Neo and Challenger Bank Product and Solutions
    • 2.19.4 Jenius Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.19.5 Jenius Recent Developments and Future Plans
  • 2.20 K Bank
    • 2.20.1 K Bank Details
    • 2.20.2 K Bank Major Business
    • 2.20.3 K Bank Neo and Challenger Bank Product and Solutions
    • 2.20.4 K Bank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.20.5 K Bank Recent Developments and Future Plans
  • 2.21 Kakao Bank
    • 2.21.1 Kakao Bank Details
    • 2.21.2 Kakao Bank Major Business
    • 2.21.3 Kakao Bank Neo and Challenger Bank Product and Solutions
    • 2.21.4 Kakao Bank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.21.5 Kakao Bank Recent Developments and Future Plans
  • 2.22 Starling Bank
    • 2.22.1 Starling Bank Details
    • 2.22.2 Starling Bank Major Business
    • 2.22.3 Starling Bank Neo and Challenger Bank Product and Solutions
    • 2.22.4 Starling Bank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.22.5 Starling Bank Recent Developments and Future Plans
  • 2.23 Tandem Bank
    • 2.23.1 Tandem Bank Details
    • 2.23.2 Tandem Bank Major Business
    • 2.23.3 Tandem Bank Neo and Challenger Bank Product and Solutions
    • 2.23.4 Tandem Bank Neo and Challenger Bank Revenue, Gross Margin and Market Share (2018-2023)
    • 2.23.5 Tandem Bank Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Neo and Challenger Bank Revenue and Share by Players (2018-2023)
  • 3.2 Market Share Analysis (2022)
    • 3.2.1 Market Share of Neo and Challenger Bank by Company Revenue
    • 3.2.2 Top 3 Neo and Challenger Bank Players Market Share in 2022
    • 3.2.3 Top 6 Neo and Challenger Bank Players Market Share in 2022
  • 3.3 Neo and Challenger Bank Market: Overall Company Footprint Analysis
    • 3.3.1 Neo and Challenger Bank Market: Region Footprint
    • 3.3.2 Neo and Challenger Bank Market: Company Product Type Footprint
    • 3.3.3 Neo and Challenger Bank Market: Company Product Application Footprint
  • 3.4 New Market Entrants and Barriers to Market Entry
  • 3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

  • 4.1 Global Neo and Challenger Bank Consumption Value and Market Share by Type (2018-2023)
  • 4.2 Global Neo and Challenger Bank Market Forecast by Type (2024-2029)

5 Market Size Segment by Application

  • 5.1 Global Neo and Challenger Bank Consumption Value Market Share by Application (2018-2023)
  • 5.2 Global Neo and Challenger Bank Market Forecast by Application (2024-2029)

6 North America

  • 6.1 North America Neo and Challenger Bank Consumption Value by Type (2018-2029)
  • 6.2 North America Neo and Challenger Bank Consumption Value by Application (2018-2029)
  • 6.3 North America Neo and Challenger Bank Market Size by Country
    • 6.3.1 North America Neo and Challenger Bank Consumption Value by Country (2018-2029)
    • 6.3.2 United States Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 6.3.3 Canada Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 6.3.4 Mexico Neo and Challenger Bank Market Size and Forecast (2018-2029)

7 Europe

  • 7.1 Europe Neo and Challenger Bank Consumption Value by Type (2018-2029)
  • 7.2 Europe Neo and Challenger Bank Consumption Value by Application (2018-2029)
  • 7.3 Europe Neo and Challenger Bank Market Size by Country
    • 7.3.1 Europe Neo and Challenger Bank Consumption Value by Country (2018-2029)
    • 7.3.2 Germany Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 7.3.3 France Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 7.3.4 United Kingdom Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 7.3.5 Russia Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 7.3.6 Italy Neo and Challenger Bank Market Size and Forecast (2018-2029)

8 Asia-Pacific

  • 8.1 Asia-Pacific Neo and Challenger Bank Consumption Value by Type (2018-2029)
  • 8.2 Asia-Pacific Neo and Challenger Bank Consumption Value by Application (2018-2029)
  • 8.3 Asia-Pacific Neo and Challenger Bank Market Size by Region
    • 8.3.1 Asia-Pacific Neo and Challenger Bank Consumption Value by Region (2018-2029)
    • 8.3.2 China Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 8.3.3 Japan Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 8.3.4 South Korea Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 8.3.5 India Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 8.3.6 Southeast Asia Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 8.3.7 Australia Neo and Challenger Bank Market Size and Forecast (2018-2029)

9 South America

  • 9.1 South America Neo and Challenger Bank Consumption Value by Type (2018-2029)
  • 9.2 South America Neo and Challenger Bank Consumption Value by Application (2018-2029)
  • 9.3 South America Neo and Challenger Bank Market Size by Country
    • 9.3.1 South America Neo and Challenger Bank Consumption Value by Country (2018-2029)
    • 9.3.2 Brazil Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 9.3.3 Argentina Neo and Challenger Bank Market Size and Forecast (2018-2029)

10 Middle East & Africa

  • 10.1 Middle East & Africa Neo and Challenger Bank Consumption Value by Type (2018-2029)
  • 10.2 Middle East & Africa Neo and Challenger Bank Consumption Value by Application (2018-2029)
  • 10.3 Middle East & Africa Neo and Challenger Bank Market Size by Country
    • 10.3.1 Middle East & Africa Neo and Challenger Bank Consumption Value by Country (2018-2029)
    • 10.3.2 Turkey Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 10.3.3 Saudi Arabia Neo and Challenger Bank Market Size and Forecast (2018-2029)
    • 10.3.4 UAE Neo and Challenger Bank Market Size and Forecast (2018-2029)

11 Market Dynamics

  • 11.1 Neo and Challenger Bank Market Drivers
  • 11.2 Neo and Challenger Bank Market Restraints
  • 11.3 Neo and Challenger Bank Trends Analysis
  • 11.4 Porters Five Forces Analysis
    • 11.4.1 Threat of New Entrants
    • 11.4.2 Bargaining Power of Suppliers
    • 11.4.3 Bargaining Power of Buyers
    • 11.4.4 Threat of Substitutes
    • 11.4.5 Competitive Rivalry
  • 11.5 Influence of COVID-19 and Russia-Ukraine War
    • 11.5.1 Influence of COVID-19
    • 11.5.2 Influence of Russia-Ukraine War

12 Industry Chain Analysis

  • 12.1 Neo and Challenger Bank Industry Chain
  • 12.2 Neo and Challenger Bank Upstream Analysis
  • 12.3 Neo and Challenger Bank Midstream Analysis
  • 12.4 Neo and Challenger Bank Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Neo and Challenger Bank. Industry analysis & Market Report on Neo and Challenger Bank is a syndicated market report, published as Global Neo and Challenger Bank Market 2023 by Company, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Neo and Challenger Bank market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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