+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

World Neobanking Market - Opportunities and Forecasts, 2017 - 2023

  • PDF Icon

    Report

  • September 2019
  • Region: Global
  • Allied Market Research
  • ID: 3773054
Neobanking is a novel banking technology that provides complete online banking solutions to its customers. These banks differ from traditional banks, as they have no physical offices and branches. Neobanking allows everything from opening an account to other services, without the need to go to a bank. Simple, GoBank and Moven are some of the first-ever Neobanking organizations. In the present scenario, Neobanks are enjoying a co-operative environment and, competition is very low among them. However, with rising demand for these banks, rivalry is sure to occur in this market. Apart from the competition among the Neobanks, it would also emerge as a strong competitor for traditional banking institution. Easy processes of account opening, transactions, etc. are strong driving factors for the market. Moreover, the user interface of the Neobank websites gives it an upper hand. However, the authenticity and financial security factors may bring hindrances in its path.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

Loading
LOADING...