At the turn of the millennium, in 1999, movie theaters around the world witnessed the release of the massive box-office success The Matrix. A revolutionary movie for its time, it featured a protagonist named "Neo," who was the savior of a world in crisis. Leveraging advanced technology, he was able to alter the very fundamentals of his environment. Something not too dissimilar has occurred in the financial services industry.
Fast-forward to 2016: a new breed of technology-driven and customer-centric financial institutions, aptly named "neobanks," is working to transform the banking landscape as we know it. MEDICI's new report on neobanking takes a deep-dive into this fascinating and rapidly-growing segment, offering a comprehensive analysis of the subject from various angles.
The Rise of Neobanks
The Rise of Neobanks
Characteristics of Neobanks List of Neobanks
Growth of Neobanks Over the Years
Top 15 Funded Neobanks
Region-Wise Analysis Neobank analysis Geographics Deep Dive(Europe & APAC)
Snapshot of Some Leading Neobanks Detailed Analysis of 15 Prominent Neobanks
Evaluation Metrics: Competitive Analysis
Core Banking Solutions Used by Neobanks
Neobanks Leveraging Open Banking
Case Study: Fidor Bank
Neobank- Incumbent Bank Partnership
Neobank - FinTech Partnership
Digital Only Initiatives by Traditional Incumbents
Global Analysis of Incumbent Bank’s
Standalone Mobile-First Offerings
List of Digital-Only Initiatives by Banks
Where Banks Have an Edge
Case Study: JP Morgan - Failure of Finn
Stakeholder in Neobanks - Is it the rightWay?
The report encompasses a detailed analysis of over 15 prominent neobanks in the world. Gain access to all this and more!
Contrary to popular notion, digital/online banks aren’t a new trend. Since the 1990s, incumbent banks have launched online-only banks that offered banking services via internet/mobile/tele-network channels. Between 1997 and 2019, there were several traditional banks that came up with separate digital banking app/brand/tech platforms for customers as a new standalone bank. ING – one of the first banks that launched a direct banking service – started ING Direct to customers with a branchless model. The service was very successful in Canada, and ING expanded its services to other countries, including Australia, the United States, France, Spain, Germany, Italy, and the United Kingdom.
To understand the segment even further, this report on neobanks was prepared by MEDICI as a deep-dive study that presents the pulse of underlying global currents in the challenging landscape that banks compete in around the world. Learn about how neobanks are emerging as the new wave of disruption with unprecedented success stories in banking in terms of geographic growth, customer acquisitions, valuations, and more. In this report, you will uncover the story of the evolution of neobanks across the world, profiles of noteworthy neobanks, business models, core technologies, and partnerships.