Neo and Challenger Bank Market by Type of Bank (Neo Bank and Challenger Bank) - Global Opportunity Analysis and Industry Forecasts, 2016-2020

Neo and Challenger Bank Market is registering a CAGR of 50.6% during the forecast period 2016-2020. Neo and challenger bank market has witnessed healthy growth rate in terms of customer base over the past few years, and is expected to witness optimistic growth in the near future.

The global market is driven by factors such as government regulations, convenience offered to consumers, and low interest rates as compared to traditional banks. However, acquisition of customers and profitability are major challenges faced by these banks. Increase in penetration of smartphone and internet in the emerging economies are expected to offer lucrative opportunities for market growth. Recent approvals of MYBank and WeBank by the Chinese authorities have provided opportunities to digital-only banks to expand their presence in China.

KEY BENEFITS

• The report provides an in-depth analysis of the neo and challenger bank market across major countries as well as the projections of customer base for the forecast period.
• The projections in the report are based on analysis of the current market trends and highlights the market potential for the period of 2016–2020 in terms of customer base.
• The report conducts extensive analysis of the market by following key product positioning and monitoring the top contenders within the market framework.
• The report provides quantitative as well as qualitative market trends to help the stakeholders in understanding the situations prevailing in the market.

KEY MARKET SEGMENTS OF NEO AND CHALLENGER BANK MARKET

BY BANK TYPE

• Neo Bank
• Challenger Bank

BY COUNTRY

• U.S.
• Germany
• UK
• China
• Australia

MARKET PLAYERS IN THE VALUE CHAIN

• Atom Bank Plc
• Movencorp Inc.
• Simple Finance Technology Corporation (acquired by BBVA)
• Fidor Bank AG (acquired by BPCE Group)
• N26
• Pockit Limited
• UBank
• Monzo Bank Limited
• MyBank (Alibaba Group)
• WeBank (Tencent Holdings Limited)
• Holvi Bank
• Hello Bank
• Koho Bank
• Rocket Bank
• Soon Banque

CHAPTER 1 INTRODUCTION

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3 MARKET OVERVIEW

3.1. Market Definition and Scope
3.2. Key Findings

3.2.1. Top Winning Strategies
3.2.2. Top Investment Pockets

3.3. Porters Five Forces Analysis

3.3.1. Moderate Bargaining Power of Suppliers
3.3.2. High Bargaining Power of Buyers
3.3.3. Moderate Threat of Substitutes
3.3.4. High Threat of New Entrants
3.3.5. High Intensity of Competitive Rivalry

3.4. Business Model
3.5. Key Market Players Competitive Analysis, 2015
3.6. Market Dynamics

3.6.1. Drivers

3.6.1.1. Convenience Offered To Consumers
3.6.1.2. Best Interest Rates Offered Over Traditional Banks
3.6.1.3. Regulations Supporting Market Growth
3.6.1.4. Key Challenge of Acquisition of Customers
3.6.1.5. Profitability: A Challenge for Digital Banks
3.6.1.6. Increase in Smartphone and Internet Penetration in Economies Such as China

3.7. Developments

CHAPTER 4 NEO AND CHALLENGER BANK MARKET, BY BANK TYPE

4.1. Overview

4.1.1. Market Size and Forecast

4.2. Neo Bank

4.2.1. Key Market Trends
4.2.2. Growth Factors and Opportunities
4.2.3. Market Size and Forecast

4.3. Challenger Bank

4.3.1. Key Market Trends
4.3.2. Growth Factors and Opportunities
4.3.3. Market Size and Forecast

CHAPTER 5 NEO AND CHALLENGER BANK MARKET, BY COUNTRY

5.1. Overview

5.1.1. Market Size and Forecast

5.2. U.S.

5.2.1. Key Market Trends
5.2.2. Growth Factors and Opportunities
5.2.3. Market Size and Forecast

5.3. United Kingdom

5.3.1. Key Market Trends
5.3.2. Growth Factors and Opportunities
5.3.3. Market Size and Forecast

5.4. Germany

5.4.1. Key Market Trends
5.4.2. Growth Factors and Opportunities
5.4.3. Market Size and Forecast

5.5. China

5.5.1. Key Market Trends
5.5.2. Growth Factors and Opportunities
5.5.3. Market Size and Forecast

5.6. Australia

5.6.1. Key Market Trends
5.6.2. Growth Factors and Opportunities
5.6.3. Market Size and Forecast

5.7. Rest of the World

5.7.1. Key Market Trends

CHAPTER 6 RELATED INDUSTRY INSIGHTS

6.1. Cyber Insurance

6.1.1. Executive Summary

6.2. Usage-Based Insurance

6.2.1. Executive Summary

CHAPTER 7 COMPANY PROFILES

7.1. Atom Bank PLC

7.1.1. Company Overview
7.1.2. Key Strategic Moves and Developments

7.2. Movencorp Inc.

7.2.1. Company Overview
7.2.2. Key Strategic Moves and Developments

7.3. Simple Finance Technology Corporation (Acquired By Banco Bilbao Vizcaya Argentaria)

7.3.1. Company Overview

7.4. Fidor Bank Ag (Acquired By Bpce Group)

7.4.1. Company Overview
7.4.2. Key Strategic Moves and Developments

7.5. N26

7.5.1. Company Overview
7.5.2. Key Strategic Moves and Developments

7.6. Pockit Limited

7.6.1. Company Overview
7.6.2. Key Strategic Moves and Developments

7.7. Ubank Limited

7.7.1. Company Overview
7.7.2. Key Strategic Moves and Developments

7.8. Monzo Bank Limited

7.8.1. Company Overview
7.8.2. Key Strategic Moves and Developments

7.9. Mybank (Alibaba Group)

7.9.1. Company Overview

7.10. Webank (Tencent Holdings Limited)

7.10.1. Company Overview
7.10.2. Key Strategic Moves and Developments

Other players in the value chain include

• Hello Bank
• Koho Bank
• Rocket Bank
• Soon Banque

*Profiles of these players are not included. The same will be included on request

List of Tables

TABLE 1. REGULATORY INITIATIVES of KEY COUNTRIES
TABLE 2. NEO and CHALLENGER BANK CUSTOMER BASE, BY BANK TYPE, 2016-2020 (MILLION)
TABLE 3. NEO BANK CUSTOMER BASE, BY COUNTRY, 2016-2020 (MILLION)
TABLE 4. CHALLENGER BANK CUSTOMER BASE, BY COUNTRY, 2016-2020 (MILLION)
TABLE 5. NEO and CHALLENGER BANK CUSTOMER BASE, BY COUNTRY, 2016-2020 (MILLION)
TABLE 6. U.S.: NEO BANK CUSTOMER BASE, 2016-2020 (MILLION)
TABLE 7. UNITED KINGDOM: NEO and CHALLENGER BANK CUSTOMER BASE, 2016-2020 (MILLION)
TABLE 8. GERMANY: CHALLENGER BANK CUSTOMER BASE, 2016-2020 (MILLION)
TABLE 9. CHINA: CHALLENGER BANK CUSTOMER BASE, 2016-2020 (MILLION)
TABLE 10. AUSTRALIA: NEO BANK CUSTOMER BASE, 2016-2020 (MILLION)
TABLE 11. ATOM BANK PLC: COMPANY SNAPSHOT
TABLE 12. MOVENCORP INC: COMPANY SNAPSHOT
TABLE 13. SIMPLE FINANCE TECHNOLOGY CORPORATION: COMPANY SNAPSHOT
TABLE 14. FIDOR BANK AG: COMPANY SNAPSHOT
TABLE 15. N26: COMPANY SNAPSHOT
TABLE 16. POCKIT LIMITED: COMPANY SNAPSHOT
TABLE 17. UBANK LIMITED: COMPANY SNAPSHOT
TABLE 18. MONZO BANK LIMITED: COMPANY SNAPSHOT
TABLE 19. MYBANK: COMPANY SNAPSHOT
TABLE 20. WEBANK (TENCENT HOLDINGS LIMITED): COMPANY SNAPSHOT

List of Figures

FIGURE 1. CURRENT MARKET AREAS and FUTURE OPPORTUNITIES IN NEO and CHALLENGER BANK MARKET
FIGURE 2. NEO and CHALLENGER BANK MARKET SNAPSHOT
FIGURE 3. TOP WINNING STRATEGIES of NEO and CHALLENGER BANK MARKET, 2013-2016 (%)
FIGURE 4. TOP WINNING STRATEGIES of GLOBAL NEO and CHALLENGER BANK MARKET
FIGURE 5. TOP INVESTMENT POCKETS IN NEO and CHALLENGER BANK MARKET
FIGURE 6. PORTERS FIVE FORCES ANALYSIS
FIGURE 7. KEY MARKET PLAYERS COMPETITIVE ANALYSIS, 2015
FIGURE 8. TOP FACTORS IMPACTING NEO and CHALLENGER BANK MARKET, 2016-2020
FIGURE 9. GLOBAL SMARTPHONE PENETRATION STATISTICS
FIGURE 10. LAUNCH of KEY BANKS
FIGURE 11. COMPARATIVE COUNTRY MARKET SHARE ANALYSIS of NEO BANK CUSTOMER BASE, 2016 & 2020 (%)
FIGURE 12. NEO BANK CUSTOMER BASE, 2016-2020 (MILLION)
FIGURE 13. SHARE ANALYSIS of NEO BANK CUSTOMER BASE, BY COUNTRY, 2016-2020 (%)
FIGURE 14. COMPARATIVE COUNTRY MARKET SHARE ANALYSIS of CHALLENGER BANK CUSTOMER BASE, 2016 & 2020 (%)
FIGURE 15. CHALLENGER BANK CUSTOMER BASE, 2016-2020
FIGURE 16. SHARE ANALYSIS of CHALLENGER BANK CUSTOMER BASE, BY COUNTRY, 2016-2020 (%)
FIGURE 17. SHARE ANALYSIS of NEO and CHALLENGER BANK CUSTOMER BASE, BY COUNTRY, 2016-2020 (%)
FIGURE 18. U.S. NEO BANK CUSTOMER BASE, 2016-2020 (MILLION)
FIGURE 19. SHARE ANALYSIS of UK NEO and CHALLENGER BANK CUSTOMER BASE, 2016-2020 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS of UK NEO and CHALLENGER BANK CUSTOMER BASE, 2016-2020 (%)
FIGURE 21. UK NEO and CHALLENGER BANK CUSTOMER BASE, 2016-2020 (MILLION)
FIGURE 22. GERMANY CHALLENGER BANK CUSTOMER BASE, 2016-2020 (MILLION)
FIGURE 23. CHINA CHALLENGER BANK CUSTOMER BASE, 2016-2020 (MILLION)
FIGURE 24. AUSTRALIA NEO BANK CUSTOMER BASE, 2016-2020