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Neobanking Global Market Report 2024

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    Report

  • 200 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5766978
The neobanking market size has grown exponentially in recent years. It will grow from $118.57 billion in 2023 to $176.6 billion in 2024 at a compound annual growth rate (CAGR) of 48.9%. Historical growth can be attributed to consumer demand for convenience and cost-efficiency, the regulatory environment, globalization facilitating cross-border transactions, initiatives promoting financial inclusion, and the utilization of big data.

The neobanking market size is expected to see exponential growth in the next few years. It will grow to $836.11 billion in 2028 at a compound annual growth rate (CAGR) of 47.5%. Anticipated growth in the forecast period is driven by open banking initiatives, the emergence of embedded finance, the ascent of challenger banks, diversification in product offerings, and expansion beyond core banking services. Major trends expected in this period include the integration of open banking platforms, partnerships with fintech and tech giants, the utilization of AI and machine learning for personalized finance, the incorporation of virtual and contactless banking features, and a customer-centric approach within the industry.

The increasing demand for digitalization among banking institutions globally is playing a significant role in driving the growth of the neobanking market. Digital banking involves the comprehensive digitization of all banking processes and the substitution of physical bank branches with a continuous online presence, eliminating the need for customers to visit a physical location. This transformation automates traditional financial services, allowing customers to access banking products and services online or through electronic platforms. Neobanking facilitates the digitization of banks by enabling financial institutions to operate online without physical branches, offering digital equivalents of traditional banking services. Leveraging technologies such as artificial intelligence (AI), automation, and cloud computing, neobanks provide highly personalized services at reduced costs. According to a 2021 survey conducted by McKinsey and Company, the adoption of digital banking in Asia-Pacific developing countries increased significantly from 2017 to 2021, reaching 88% in 2021. As a result, the growing demand for digitalization in the banking sector is expected to drive the continued expansion of the neobanking market.

The increasing penetration of smartphones is poised to significantly boost the growth of the neobanking market in the coming years. A smartphone, combining traditional mobile phone features with advanced computing capabilities, is a key enabler for the growth of neobanking. The neobanking market is experiencing substantial expansion driven by the widespread adoption of smartphones. This trend facilitates broader access to digital financial services through mobile apps, allowing neobanks to cater to a larger audience with convenient on-the-go banking experiences, thereby accelerating market adoption. For example, a February 2023 report from Uswitch Limited, a UK-based online and telephone comparison and switching service, highlighted the presence of 71.8 million active mobile connections in 2022, reflecting a 3.8% growth from the previous year. The projection for 2025 indicates a UK population of 68.3 million, with an anticipated 95% smartphone penetration among residents. This surge in smartphone penetration is a key driving force behind the growth of the neobanking market.

Technological advancement is a pivotal trend propelling the neobanking market, with a specific focus on the integration of artificial intelligence (AI) in neobanking services and solutions to enhance efficiency. AI plays a crucial role in delivering highly personalized solutions to consumers, offering logical reminders and notifications that facilitate money-saving and overall convenience. Its applications extend to credit decisions, risk management, trading, and the provision of personalized services. In March 2021, DigiBankASIA, a Singapore-based financial services company, formed a partnership with Xebia to introduce UnoBank, Asia's digital bank. Xebia, a US-based IT consultancy company, serves as UNO's digital and innovative technology partner in developing Cognito, UNO's digital-first platform. Leveraging expertise in technologies such as AI/ML, IoT, AR/VR, Cloud, DevOps, Big Data & Analytics, Xebia is strategically positioned to build a cutting-edge and intelligent customer experience (CX) platform for UNOBank. This collaboration aims to provide a distinctive and advanced digital foundation, incorporating top banking products into UNO's offerings.

Prominent companies in the neobanking market are actively engaged in developing innovations, specifically neobanking products, to cater to larger customer bases, increase sales, and boost overall revenue. Neobanking products are financial services or solutions offered by digital-only or online-based banking institutions, known as neobanks. An example of such innovation is the launch of Sendwave Pay by Zepz, a UK-based payments firm, in June 2023. Sendwave Pay streamlines the process of sending funds to Africa and stands out by offering an FDIC-insured bank account coupled with a debit card. Account holders enjoy significant cost savings, with the potential to save up to 25% on transaction fees for remittances to countries such as Kenya, Ghana, and various other African nations. The unique benefits extend to international transactions, as users receive reimbursements for fees incurred when using their Sendwave Pay debit card outside the US. Additionally, account holders can earn monthly interest of up to 0.51% on the funds held in their Sendwave Pay account, providing a comprehensive and advantageous financial solution.

In December 2021, Open, a neobank based in India that integrates banking, payments, accounting, expense management, and taxes into a unified platform, completed the acquisition of Finin for a sum of $10 million. This strategic move enhances Open's cloud-native BankingStack financial operating system, empowering banks and financial institutions to introduce and expand their digital banking services for both individual and enterprise clients. The acquisition not only contributes to Open's capabilities in offering salary accounts and an integrated payroll module but also facilitates the growth of Small and Medium Enterprises (SMEs) utilizing the Open SME neo-banking platform. Finin, an India-based neobanking platform focused on simplifying money management, brings its expertise to further strengthen Open's position in the digital banking landscape.

Major companies operating in the neobanking market report are Wells Fargo & Company, U.S. Bancorp, TD Ameritrade Holding Corporation, Webank Inc., Nubank, Chime Financial Inc., SoFi Technologies Inc., Green Dot Corporation, Robinhood Markets Inc., Revolut Ltd., Upgrade Inc., Monzo Bank Ltd., Aspiration Inc., Tangerine Bank, N26 GmbH, Starling Bank Ltd., Personal Capital LLC, Radius Financial LLC, Ubank Limited, Betterment LLC, Bunq BV, Stash Invest LLC, Wealthfront Corporation, Simple Finance Technology Corp., Daylight Financial Corp., Vivid Money GmbH, Monese Ltd., Varo Money Inc., Current Financial Inc., Acorns Grow Inc., JPMorgan Chase & Co.

Western Europe was the largest region in the neobanking market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neobanking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the neobanking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of business accounts in the neobanking market encompass business accounts and savings accounts. Business accounts within neobanking services cater to business account holders, facilitating the management of funds, bulk pay-outs, credits, detailed account insights, and international transfers. Neobanking services cover a range of offerings, including mobile banking, payments and money transfers, checking/savings accounts, loans, and other financial services. These services find application across enterprises, personal use, and other sectors.

The neobanking market research report is one of a series of new reports that provides neobanking market statistics, including Feed yeast industry global market size, regional shares, competitors with a neobanking market share, detailed neobanking market segments, market trends and opportunities, and any further data you may need to thrive in the neobanking industry. These neobanking market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The neobanking market includes revenues earned by entities by a full stack neobank or a front-end focused neobank. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Neobanking Market Characteristics3. Neobanking Market Trends and Strategies
4. Neobanking Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Neobanking Market Size and Growth
5.1. Global Neobanking Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Neobanking Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Neobanking Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Neobanking Market Segmentation
6.1. Global Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Business Account
  • Savings Account
6.2. Global Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Mobile Banking
  • Payments and Money Transfer
  • Checking/Savings Account
  • Loans
  • Other Services
6.3. Global Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Enterprises
  • Personal
  • Other Application
7. Neobanking Market Regional and Country Analysis
7.1. Global Neobanking Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Neobanking Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Neobanking Market
8.1. Asia-Pacific Neobanking Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Neobanking Market
9.1. China Neobanking Market Overview
9.2. China Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Neobanking Market
10.1. India Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Neobanking Market
11.1. Japan Neobanking Market Overview
11.2. Japan Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Neobanking Market
12.1. Australia Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Neobanking Market
13.1. Indonesia Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Neobanking Market
14.1. South Korea Neobanking Market Overview
14.2. South Korea Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Neobanking Market
15.1. Western Europe Neobanking Market Overview
15.2. Western Europe Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Neobanking Market
16.1. UK Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Neobanking Market
17.1. Germany Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Neobanking Market
18.1. France Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Neobanking Market
19.1. Italy Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Neobanking Market
20.1. Spain Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Neobanking Market
21.1. Eastern Europe Neobanking Market Overview
21.2. Eastern Europe Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Neobanking Market
22.1. Russia Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Neobanking Market
23.1. North America Neobanking Market Overview
23.2. North America Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Neobanking Market
24.1. USA Neobanking Market Overview
24.2. USA Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Neobanking Market
25.1. Canada Neobanking Market Overview
25.2. Canada Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Neobanking Market
26.1. South America Neobanking Market Overview
26.2. South America Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Neobanking Market
27.1. Brazil Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Neobanking Market
28.1. Middle East Neobanking Market Overview
28.2. Middle East Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Neobanking Market
29.1. Africa Neobanking Market Overview
29.2. Africa Neobanking Market, Segmentation by Account Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Neobanking Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Neobanking Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Neobanking Market Competitive Landscape and Company Profiles
30.1. Neobanking Market Competitive Landscape
30.2. Neobanking Market Company Profiles
30.2.1. Wells Fargo & Company
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. U.S. Bancorp
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. TD Ameritrade Holding Corporation
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Webank Inc.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. Nubank
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Neobanking Market Other Major and Innovative Companies
31.1. Chime Financial Inc.
31.2. SoFi Technologies Inc.
31.3. Green Dot Corporation
31.4. Robinhood Markets Inc.
31.5. Revolut Ltd.
31.6. Upgrade Inc.
31.7. Monzo Bank Ltd.
31.8. Aspiration Inc.
31.9. Tangerine Bank
31.10. N26 GmbH
31.11. Starling Bank Ltd.
31.12. Personal Capital LLC
31.13. Radius Financial LLC
31.14. Ubank Limited
31.15. Betterment LLC
32. Global Neobanking Market Competitive Benchmarking33. Global Neobanking Market Competitive Dashboard34. Key Mergers and Acquisitions in the Neobanking Market
35. Neobanking Market Future Outlook and Potential Analysis
35.1 Neobanking Market in 2028 - Countries Offering Most New Opportunities
35.2 Neobanking Market in 2028 - Segments Offering Most New Opportunities
35.3 Neobanking Market in 2028 - Growth Strategies
35.3.1 Market Trend-based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Neobanking Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on neobanking market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for neobanking? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1) By Account Type: Business Account; Savings Account
2) By Service: Mobile Banking; Payments and Money Transfer; Checking/Savings Account; Loans; Other Services
3) By Application: Enterprises; Personal; Other Application

Key Companies Mentioned: Wells Fargo & Company; U.S. Bancorp; TD Ameritrade Holding Corporation; Webank Inc.; Nubank

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Wells Fargo & Company
  • U.S. Bancorp
  • TD Ameritrade Holding Corporation
  • Webank Inc.
  • Nubank
  • Chime Financial Inc.
  • SoFi Technologies Inc.
  • Green Dot Corporation
  • Robinhood Markets Inc.
  • Revolut Ltd.
  • Upgrade Inc.
  • Monzo Bank Ltd.
  • Aspiration Inc.
  • Tangerine Bank
  • N26 GmbH
  • Starling Bank Ltd.
  • Personal Capital LLC
  • Radius Financial LLC
  • Ubank Limited
  • Betterment LLC
  • Bunq BV
  • Stash Invest LLC
  • Wealthfront Corporation
  • Simple Finance Technology Corp.
  • Daylight Financial Corp.
  • Vivid Money GmbH
  • Monese Ltd.
  • Varo Money Inc.
  • Current Financial Inc.
  • Acorns Grow Inc.
  • JPMorgan Chase & Co.

Methodology

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