サービスタイプ別（ローン、モバイルバンキング、当座預金および普通預金口座、支払いおよび送金、その他）およびエンドユーザー（企業および個人）別のネオおよびチャレンジャーバンク市場：世界的な機会分析と業界予測、2020～2027年

The neo and challenger bank market is at its nascent stage, however, it haswitnessed a steady growth since its inception in the banking industry. Neo and challenger banks started a concept to disrupt the financial services industry and restore confidence of customerspost financial crisis, thus providing required financial capital to the underbanked consumers and underserved small & medium-sized enterprises(SMEs) globally. Banking regulators and other financial authorities have a favorable stance on approvals for neo and challengerbanks in the market. The market has observed an influx of digital neo and challenger banks, addressing consumer needs & demand for virtual banking offerings. The proliferation of FinTech startups are higher in Europe compared to the U.S., owingto hassle-free regulations and policies. These digital challengers offer services such ascurrent account, savings account, and mortgages via web or mobile interface, thus reducing their costs (labor and administration), which are then passed on to end consumers. With increase in number of neo and challenger banks in the market, lenders have become ambitious to meet the demand of end users. To achieve these targets, lenders need tocompete on rate or loosen criteria, making it easier for businesses to borrow funds in the market. However,many traditional banks are still not prepared for the same, thus the neo and challenger banks market is expected to grow during the forecast period. 

The neo and challenger bankmarket is consolidated with the presence of key vendors such as Atom Bank plc, Monzo Bank Limited, and Number26 GmbH. Europe dominated the neo and challenger bank market in 2019,and is expected to maintain this trend during the forecast period. However, Asia-Pacific is expected to exhibit fastest growth in the near future,owing to emerging economies such as Australia, Hong Kong, China, India, Singapore, and South Korea.Some of the key players profiled in the report include Fidor Solutions AG, Movencorp, Inc., MYbank, Simple Finance Technology Corporation, Tandem Bank, UBank limited, and WeBank. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.