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Global Neo and Challenger Banks Market

Global Neo and Challenger Banks Market is estimated to reach $356 Million by 2025; growing at a CAGR of 45.8% from 2017 to 2025. Neo and Challenger banks are on the verge to revolutionize

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Global Neo and Challenger Banks Market

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  1. Global Neo and Challenger Bank Market is Estimated to Reach $356 Million by 2025, Says Accurize Market Research Global neo and challenger bank market report published by Accurize Market Research forecast that the global market is expected to reach $356 Million by 2025; growing at a CAGR of 45.8% from 2017 to 2025. By geography, the Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period. Request Sample: https://www.accurizemarketresearch.com/report/neo-and-challenger-bank-market/sample-request High-interest rates as compared to traditional banks to drive the growth of the market High-interest rates as compared to traditional banks and proactive banking guidelines to grant licenses fuel the demand for the global neo and challenger bank market. Moreover, enhanced accessibility to customers also boosts the growth of the market. Market Segmentation The global neo and challenger bank market has been bifurcated on the basis of bank type and geography. The bank type segment includes a neo bank and challenger bank. By geography, the market is segmented into the U.S., UK, Germany, China, and Australia. Request Customization: https://www.accurizemarketresearch.com/report/neo-and-challenger-bank-market/ask-for- customization “Neo bank accounted for the largest market share in the bank type segment", says Accurize By bank type segment, Neo bank held the major market share, in 2017 and is likely to continue its dominance during the forecast period 2017 – 2025. The high growth is attributed to the eminence of these banks in the U.S. and the ease in the acquisition of customers. In terms of growth, challenger bank is estimated to attain the fastest CAGR driven by factors such as the proliferation of these banks in regions such as UK, Germany, and China with a high customer base, favorable regulations and substantial investments for these start-ups.

  2. “The US dominated the global market with the highest market share over the forecast period", says Accurize In 2017, the U.S. generated the maximum revenue accounting for the market share of 56.8% of the total market and is estimated to achieve the fastest CAGR during the forecast period 2017 – 2025. Substantial fintech investments and large SME market in the U.S. is supporting the market growth with advanced products, solutions, and services. Top players in the market The key market players include Movencorp, Inc., Atom Bank Plc, Simple Finance Technology Corporation, Pockit Limited, Fidor Bank AG, Number26 GmbH, Monzo Bank Limited, MyBank (Alibaba Group), WeBank, and UBank Limited among others.

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