The global Neo and Challenger Bank market size was valued at US$ 6715.7 million in 2023. With growing demand in downstream market, the Neo and Challenger Bank is forecast to a readjusted size of US$ 40020 million by 2030 with a CAGR of 29.0% during review period.
The research report highlights the growth potential of the global Neo and Challenger Bank market. Neo and Challenger Bank are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Neo and Challenger Bank. 麻豆原创 players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Neo and Challenger Bank market.
Neo and Challenger Bank are fintech based financial providers that provided services digitally, includes companies that applied for their own banking license (categorized as Challenger Banks). and companies that partnered with a traditional bank to provide those financial services (categorized as Neo banks). Specifically, a neo bank is a type of direct bank that is 100% digital and reaches customers on mobile apps and personal computer platforms only. In general, a neo-bank don鈥檛 have their own bank license 鈥� they are an institution that provides checking, a prepaid debit card and some form of savings account without the traditional brick-and-mortar building. This usually includes features like mobile deposits, P2P payments, mobile budgeting tools and real-time digital receipts. Challenger banks are defined as fintech companies leveraging technology and software to digitize and streamline retail banking. Challengers use digital distribution channels, typically mobile, to offer competitive retail banking services such as current accounts, savings accounts, loans, insurance, and credit cards. While neo-banks offer a mobile-first banking experience in partnership with a traditional bank, challenger banks aim at becoming fully-licensed banks, creating new data-driven banking experiences and pricing models.
The main Neo and Challenger Bank players include Atom Bank, Tandem Bank, N26, WeBank, MyBank, Starling Bank, etc. The top six Neo and Challenger Bank players account for approximately 24% of the total global market. Europe is the largest consumer market for Neo and Challenger Bank, followed by North America and Asia-Pacific. And in terms of Applications, the largest segment is Business, followed by Personal.
Key Features:
The report on Neo and Challenger Bank market reflects various aspects and provide valuable insights into the industry.
麻豆原创 Size and Growth: The research report provide an overview of the current size and growth of the Neo and Challenger Bank market. It may include historical data, market segmentation by Type (e.g., Neobanks, Challenger Banks), and regional breakdowns.
麻豆原创 Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Neo and Challenger Bank market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Neo and Challenger Bank market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Neo and Challenger Bank industry. This include advancements in Neo and Challenger Bank technology, Neo and Challenger Bank new entrants, Neo and Challenger Bank new investment, and other innovations that are shaping the future of Neo and Challenger Bank.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Neo and Challenger Bank market. It includes factors influencing customer ' purchasing decisions, preferences for Neo and Challenger Bank product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Neo and Challenger Bank market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Neo and Challenger Bank market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Neo and Challenger Bank market.
麻豆原创 Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Neo and Challenger Bank industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Neo and Challenger Bank market.
麻豆原创 Segmentation:
Neo and Challenger Bank market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Neobanks
Challenger Banks
Segmentation by application
Personal Consumers
Business Organizations
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Atom Bank
Movencorp
Simple Finance Technology
Fidor Group
N26
Pockit
Ubank
Monzo Bank
MyBank (Alibaba Group)
Holvi Bank
WeBank (Tencent Holdings Limited)
Hello Bank
Koho Bank
Rocket Bank
Soon Banque
Digibank
Timo
Jibun
Jenius
K Bank
Kakao Bank
Starling Bank
Tandem Bank
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Neo and Challenger Bank 麻豆原创 Size 2019-2030
2.1.2 Neo and Challenger Bank 麻豆原创 Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Neo and Challenger Bank Segment by Type
2.2.1 Neobanks
2.2.2 Challenger Banks
2.3 Neo and Challenger Bank 麻豆原创 Size by Type
2.3.1 Neo and Challenger Bank 麻豆原创 Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Neo and Challenger Bank 麻豆原创 Size 麻豆原创 Share by Type (2019-2024)
2.4 Neo and Challenger Bank Segment by Application
2.4.1 Personal Consumers
2.4.2 Business Organizations
2.5 Neo and Challenger Bank 麻豆原创 Size by Application
2.5.1 Neo and Challenger Bank 麻豆原创 Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Neo and Challenger Bank 麻豆原创 Size 麻豆原创 Share by Application (2019-2024)
3 Neo and Challenger Bank 麻豆原创 Size by Player
3.1 Neo and Challenger Bank 麻豆原创 Size 麻豆原创 Share by Players
3.1.1 Global Neo and Challenger Bank Revenue by Players (2019-2024)
3.1.2 Global Neo and Challenger Bank Revenue 麻豆原创 Share by Players (2019-2024)
3.2 Global Neo and Challenger Bank Key Players Head office and Products Offered
3.3 麻豆原创 Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Neo and Challenger Bank by Regions
4.1 Neo and Challenger Bank 麻豆原创 Size by Regions (2019-2024)
4.2 Americas Neo and Challenger Bank 麻豆原创 Size Growth (2019-2024)
4.3 APAC Neo and Challenger Bank 麻豆原创 Size Growth (2019-2024)
4.4 Europe Neo and Challenger Bank 麻豆原创 Size Growth (2019-2024)
4.5 Middle East & Africa Neo and Challenger Bank 麻豆原创 Size Growth (2019-2024)
5 Americas
5.1 Americas Neo and Challenger Bank 麻豆原创 Size by Country (2019-2024)
5.2 Americas Neo and Challenger Bank 麻豆原创 Size by Type (2019-2024)
5.3 Americas Neo and Challenger Bank 麻豆原创 Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Neo and Challenger Bank 麻豆原创 Size by Region (2019-2024)
6.2 APAC Neo and Challenger Bank 麻豆原创 Size by Type (2019-2024)
6.3 APAC Neo and Challenger Bank 麻豆原创 Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Neo and Challenger Bank by Country (2019-2024)
7.2 Europe Neo and Challenger Bank 麻豆原创 Size by Type (2019-2024)
7.3 Europe Neo and Challenger Bank 麻豆原创 Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Neo and Challenger Bank by Region (2019-2024)
8.2 Middle East & Africa Neo and Challenger Bank 麻豆原创 Size by Type (2019-2024)
8.3 Middle East & Africa Neo and Challenger Bank 麻豆原创 Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Global Neo and Challenger Bank 麻豆原创 Forecast
10.1 Global Neo and Challenger Bank Forecast by Regions (2025-2030)
10.1.1 Global Neo and Challenger Bank Forecast by Regions (2025-2030)
10.1.2 Americas Neo and Challenger Bank Forecast
10.1.3 APAC Neo and Challenger Bank Forecast
10.1.4 Europe Neo and Challenger Bank Forecast
10.1.5 Middle East & Africa Neo and Challenger Bank Forecast
10.2 Americas Neo and Challenger Bank Forecast by Country (2025-2030)
10.2.1 United States Neo and Challenger Bank 麻豆原创 Forecast
10.2.2 Canada Neo and Challenger Bank 麻豆原创 Forecast
10.2.3 Mexico Neo and Challenger Bank 麻豆原创 Forecast
10.2.4 Brazil Neo and Challenger Bank 麻豆原创 Forecast
10.3 APAC Neo and Challenger Bank Forecast by Region (2025-2030)
10.3.1 China Neo and Challenger Bank 麻豆原创 Forecast
10.3.2 Japan Neo and Challenger Bank 麻豆原创 Forecast
10.3.3 Korea Neo and Challenger Bank 麻豆原创 Forecast
10.3.4 Southeast Asia Neo and Challenger Bank 麻豆原创 Forecast
10.3.5 India Neo and Challenger Bank 麻豆原创 Forecast
10.3.6 Australia Neo and Challenger Bank 麻豆原创 Forecast
10.4 Europe Neo and Challenger Bank Forecast by Country (2025-2030)
10.4.1 Germany Neo and Challenger Bank 麻豆原创 Forecast
10.4.2 France Neo and Challenger Bank 麻豆原创 Forecast
10.4.3 UK Neo and Challenger Bank 麻豆原创 Forecast
10.4.4 Italy Neo and Challenger Bank 麻豆原创 Forecast
10.4.5 Russia Neo and Challenger Bank 麻豆原创 Forecast
10.5 Middle East & Africa Neo and Challenger Bank Forecast by Region (2025-2030)
10.5.1 Egypt Neo and Challenger Bank 麻豆原创 Forecast
10.5.2 South Africa Neo and Challenger Bank 麻豆原创 Forecast
10.5.3 Israel Neo and Challenger Bank 麻豆原创 Forecast
10.5.4 Turkey Neo and Challenger Bank 麻豆原创 Forecast
10.5.5 GCC Countries Neo and Challenger Bank 麻豆原创 Forecast
10.6 Global Neo and Challenger Bank Forecast by Type (2025-2030)
10.7 Global Neo and Challenger Bank Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 Atom Bank
11.1.1 Atom Bank Company Information
11.1.2 Atom Bank Neo and Challenger Bank Product Offered
11.1.3 Atom Bank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.1.4 Atom Bank Main Business Overview
11.1.5 Atom Bank Latest Developments
11.2 Movencorp
11.2.1 Movencorp Company Information
11.2.2 Movencorp Neo and Challenger Bank Product Offered
11.2.3 Movencorp Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.2.4 Movencorp Main Business Overview
11.2.5 Movencorp Latest Developments
11.3 Simple Finance Technology
11.3.1 Simple Finance Technology Company Information
11.3.2 Simple Finance Technology Neo and Challenger Bank Product Offered
11.3.3 Simple Finance Technology Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.3.4 Simple Finance Technology Main Business Overview
11.3.5 Simple Finance Technology Latest Developments
11.4 Fidor Group
11.4.1 Fidor Group Company Information
11.4.2 Fidor Group Neo and Challenger Bank Product Offered
11.4.3 Fidor Group Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.4.4 Fidor Group Main Business Overview
11.4.5 Fidor Group Latest Developments
11.5 N26
11.5.1 N26 Company Information
11.5.2 N26 Neo and Challenger Bank Product Offered
11.5.3 N26 Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.5.4 N26 Main Business Overview
11.5.5 N26 Latest Developments
11.6 Pockit
11.6.1 Pockit Company Information
11.6.2 Pockit Neo and Challenger Bank Product Offered
11.6.3 Pockit Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.6.4 Pockit Main Business Overview
11.6.5 Pockit Latest Developments
11.7 Ubank
11.7.1 Ubank Company Information
11.7.2 Ubank Neo and Challenger Bank Product Offered
11.7.3 Ubank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.7.4 Ubank Main Business Overview
11.7.5 Ubank Latest Developments
11.8 Monzo Bank
11.8.1 Monzo Bank Company Information
11.8.2 Monzo Bank Neo and Challenger Bank Product Offered
11.8.3 Monzo Bank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.8.4 Monzo Bank Main Business Overview
11.8.5 Monzo Bank Latest Developments
11.9 MyBank (Alibaba Group)
11.9.1 MyBank (Alibaba Group) Company Information
11.9.2 MyBank (Alibaba Group) Neo and Challenger Bank Product Offered
11.9.3 MyBank (Alibaba Group) Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.9.4 MyBank (Alibaba Group) Main Business Overview
11.9.5 MyBank (Alibaba Group) Latest Developments
11.10 Holvi Bank
11.10.1 Holvi Bank Company Information
11.10.2 Holvi Bank Neo and Challenger Bank Product Offered
11.10.3 Holvi Bank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.10.4 Holvi Bank Main Business Overview
11.10.5 Holvi Bank Latest Developments
11.11 WeBank (Tencent Holdings Limited)
11.11.1 WeBank (Tencent Holdings Limited) Company Information
11.11.2 WeBank (Tencent Holdings Limited) Neo and Challenger Bank Product Offered
11.11.3 WeBank (Tencent Holdings Limited) Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.11.4 WeBank (Tencent Holdings Limited) Main Business Overview
11.11.5 WeBank (Tencent Holdings Limited) Latest Developments
11.12 Hello Bank
11.12.1 Hello Bank Company Information
11.12.2 Hello Bank Neo and Challenger Bank Product Offered
11.12.3 Hello Bank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.12.4 Hello Bank Main Business Overview
11.12.5 Hello Bank Latest Developments
11.13 Koho Bank
11.13.1 Koho Bank Company Information
11.13.2 Koho Bank Neo and Challenger Bank Product Offered
11.13.3 Koho Bank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.13.4 Koho Bank Main Business Overview
11.13.5 Koho Bank Latest Developments
11.14 Rocket Bank
11.14.1 Rocket Bank Company Information
11.14.2 Rocket Bank Neo and Challenger Bank Product Offered
11.14.3 Rocket Bank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.14.4 Rocket Bank Main Business Overview
11.14.5 Rocket Bank Latest Developments
11.15 Soon Banque
11.15.1 Soon Banque Company Information
11.15.2 Soon Banque Neo and Challenger Bank Product Offered
11.15.3 Soon Banque Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.15.4 Soon Banque Main Business Overview
11.15.5 Soon Banque Latest Developments
11.16 Digibank
11.16.1 Digibank Company Information
11.16.2 Digibank Neo and Challenger Bank Product Offered
11.16.3 Digibank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.16.4 Digibank Main Business Overview
11.16.5 Digibank Latest Developments
11.17 Timo
11.17.1 Timo Company Information
11.17.2 Timo Neo and Challenger Bank Product Offered
11.17.3 Timo Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.17.4 Timo Main Business Overview
11.17.5 Timo Latest Developments
11.18 Jibun
11.18.1 Jibun Company Information
11.18.2 Jibun Neo and Challenger Bank Product Offered
11.18.3 Jibun Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.18.4 Jibun Main Business Overview
11.18.5 Jibun Latest Developments
11.19 Jenius
11.19.1 Jenius Company Information
11.19.2 Jenius Neo and Challenger Bank Product Offered
11.19.3 Jenius Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.19.4 Jenius Main Business Overview
11.19.5 Jenius Latest Developments
11.20 K Bank
11.20.1 K Bank Company Information
11.20.2 K Bank Neo and Challenger Bank Product Offered
11.20.3 K Bank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.20.4 K Bank Main Business Overview
11.20.5 K Bank Latest Developments
11.21 Kakao Bank
11.21.1 Kakao Bank Company Information
11.21.2 Kakao Bank Neo and Challenger Bank Product Offered
11.21.3 Kakao Bank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.21.4 Kakao Bank Main Business Overview
11.21.5 Kakao Bank Latest Developments
11.22 Starling Bank
11.22.1 Starling Bank Company Information
11.22.2 Starling Bank Neo and Challenger Bank Product Offered
11.22.3 Starling Bank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.22.4 Starling Bank Main Business Overview
11.22.5 Starling Bank Latest Developments
11.23 Tandem Bank
11.23.1 Tandem Bank Company Information
11.23.2 Tandem Bank Neo and Challenger Bank Product Offered
11.23.3 Tandem Bank Neo and Challenger Bank Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
11.23.4 Tandem Bank Main Business Overview
11.23.5 Tandem Bank Latest Developments
12 Research Findings and Conclusion
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*If Applicable.