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Neo and Challenger Bank Customer Base to Grow by 50.6%, Globally, by 2020

Neo and Challenger Bank Market report, published by Allied Market Research, forecasts that the global market is, growing at a CAGR of 50.6% during the period 2017 - 2020.

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Neo and Challenger Bank Customer Base to Grow by 50.6%, Globally, by 2020

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

  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. COMPANYPROFILES  Atom Bank Plc Movencorp Simple Finance Technology Corporation Fidor Bank AG  N26 Pockit Limited UBank Limited

  10. THANK YOU Thank You! For More Details Visit us at https://www.alliedmarketresearch.com/neo-and-challenger-bank-market Follow Us On

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