Neobanking Market By Account Type (Business Account, Saving Account), Geography (North America, Europe, APAC, Rest of the World), Industry Trends, Estimation & Forecast, 2017 - 2025
This report studies Neobanking in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2011 to 2015, and forecast to 2025.
Neobanking is referred as an innovative banking technology which is comprised of web based banks, which provide complete range of banking solutions without having any physical offices or branch. Neobanks are sometimes also referred to online banks or direct banks. Neobanks are advance and sophisticated from traditional banks and offera wide range of services such as accounts and transactions, credits, asset management, investments, deposits and variousothers. Growing investment in financial technology has boosted the market for Neobanking. For instance, according to Accenture fund and Partnership fund for New York city, global investment in financial technologies at the end of 2014 increased three times and reached $12.2 billion, as compared to that in 2013.
Consumer convivence is a prime factor driving the growth of neobanking around the globe. Additionally, cost effective servicing, provision of advanced features, better interest rates, and increasing mobile device penetration also helps the Neobanking market to grow further.. In addition to this, growing investment in neobanking is also driving the market drastically. For instance, Atom Bank received a 45-million-pound investment from the Spanish bank BBVA in month of January 2016. Privacy and security of the financial data and customer reluctance towards adoption of neobanking might hinder the market growth.
Neobanking Market Segmentation
By Account Type
• Business Account
• Saving Account
• North America
• Rest of the World
Table of Content
• Atom Bank
• Fidor Bank
• Monzo Bank
• Starling Bank
• Tandem Bank
What Information does this report contain?
• What was the market size of the Neobanking Market in 2017 and the expected market size by 2025, along with the growth rate?
• An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
• Which are the largest revenue generating products, services or regions and their comparative growth rate?
• Which technology is in trend and how would it evolve during the forecast period (2017 – 2025)?
• Which are the leading companies in the Neobanking Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?
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