Neobanking Market

1. Neobanking Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global neobanking market size is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand for customer easy accessibility in the banking sector all around the world. Neobanking is a cutting-edge banking technology that offers users a complete online banking options. These banks are not similar to regular banks as neobanks do not have physical offices or branches. In addition, neobanking eliminates the need of visiting a bank for everything from account opening to other services. The need for human intervention is eliminated with the use of these platforms which is further resulting in fewer transaction-related errors. However, as there is no physical location of neobanks and everything is done through online platforms, the client's expenses are significantly reduced. Additionally, neobanks are customer centric and provide tailored services to their customers that are initiated by technology. Furthermore, neobanks do not have their own bank license and rely on the bank partners to provide bank license administrations. Request Sample link :- https://growthmarketreports.com/request-sample/2093 Market Trends, Drivers, Restraints, and Opportunities  Ongoing amalgamation of advanced technology into banking services to provide digital transactions and personalized services to the customers are the key factors propelling the market growth during the forecast period. Increasing consumer preferences towards online banking and e-wallets, along with growing number of mobile users is expected to upsurge the market expansion in the coming years. Low-cost model for end-users along with several advantages such as, healthy interest rates and fast servicing is anticipated to fuel the market growth. Rising financial security breach and increasing financial fraudulent all around the world are the restraining factors hampering the market expansion in the coming years.   

2.  Growing investment in technological advancements in the area of neobanking by key players in order to provide seamless financial services to its customers is expected to be a great opportunity for the market in the coming years. Market Segment Insights: Enterprise segment is expected to grow at a rapid pace Based on applications, the global neobanking market is segmented into personal, enterprises, and others. The enterprise segment is expected to grow at a rapid pace during the forecast period, owing to the several beneficial enterprise-related services such as transaction management, asset management, and credit management. Enquiry Link :- https://growthmarketreports.com/enquiry-before-buying/2093 Competitive Landscape Some of the key players competing in the global neobanking market are WeBank, Inc.; Atom Bank PLC; Ubank Ltd.; Monzo Bank Ltd.; Movencorp Inc.; Fidor Bank Ag; MyBank; Simple Finance Technology Corp.; N26 GmbH; and Revolut Ltd. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. Contact: Growth Market Reports Phone: +1 909 414 1393 Email: sales@growthmarketreports.com Web: https://growthmarketreports.com Follow Us: LinkedIn | Twitter