The banking sector has traditionally been a monopoly, with the global biggest institutions upholding a relatively unchallenged control. Though, a new breed of digital-only neobanks are starting to break this hold. Neobanking is a new banking technology which delivers complete online banking solutions to its customers. These banks are different from traditional banks, such as they have no physical offices as well as branches. This type of banking allows all banking solutions, from opening an account to other services, deprived of the requirement to go to a bank. Currently, due to low competition, Neobanks are enjoying a co-operative environment. Easy procedures of account opening, transactions, etc. are robust driving factors for the market. Furthermore, the user interface of the Neobank websites provides it an upper hand. However, the authenticity as well as financial security factors may limit the market growth. The unstoppable rise of neobanks is expected to impel the growth of the global neobanking market over the coming years.
Latest released the research study on Global Neobanking Market, offers a detailed overview of the factors influencing the global business scope. Neobanking Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Neobanking Market. The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers.
Top players in Global Neobanking Market are:
The Bank of America Corporation(United States), Deutsche Bank AG (Germany), Citigroup Inc. (United States), Simple Finance Technology (United States), Atom Bank (United Kingdom), Movencorp (United States), HSBC Holdings plc (United Kingdom), MyBank (China
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Analyst at AMA have conducted special survey and have connected with opinion leaders and Industry experts from various region to minutely understand impact on growth as well as local reforms to fight the situation. A special chapter in the study presents Impact Analysis of COVID-19 along with tables and graphs related to various country and segments showcasing impact on growth trends.
Market Drivers
Growing demand for customer convenience in the banking sector
The emergence of multiple technology startups & early adoption technology
Low Interest Rates and Favorable Government Regulations
Market Trend
Inclination towards mobile baking
Market Challenges
Currency fluctuations
Market Restraints:
Authenticity and financial security factors
The Global Neobanking Market segments and Market Data Break Down are illuminated below:
Study by Type (STK, BREW, WAP), Application (Personal Application, Enterprise Application, Others)
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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What benefits does AMA research study is going to provide?
Strategic Points Covered in Table of Content of Global Neobanking Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Neobanking market
Chapter 2: Exclusive Summary – the basic information of the Global Neobanking Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Neobanking Market
Chapter 4: Presenting the Global Neobanking Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2020
Chapter 6: Evaluating the leading manufacturers of the Global Neobanking market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Global Neobanking Market is a valuable source of guidance for individuals and companies.
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Key questions answered
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
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