The Europe Neobanking Market would witness market growth of 45.9% CAGR during the forecast period (2020-2026). Aspects like increasing customer base, innovative generation of revenue and modernization models, and increasing mergers and acquisitions initiatives are anticipated to considerably affect the market growth positively. With the help of neobanks, customers can save money particularly on international transactions, and effectively manage their finances. Neobanks is developing an ecosystem of services around their infrastructure, which is transferring the banking value from the branches to their API layer, hence assisting users to perform a majority of their banking activities on the app.
The less complicated IT systems and efficient operating models of neobanks are some aspects that create massive growth opportunities for the market. Neobanks also have a fewer number of legacy compliance problems in comparison to conventional banks. Moreover, neobanks are deploying open APIs to provide a smooth experience to their customers and exploit the opportunities for increasing their customer and revenue streams.
The neobanking market is boosted by the increasing demand for customer convenience in the banking industry. Neobanking platform is widely different from the conventional banking models by providing automated products. With the help of these products, customers are facilitated to validate the product offerings with the help of online channels and mobile sites. The banking platform abolishes the need for human interference by creating automated products.
Based on Account Type, the market is segmented into Business Account and Savings Account. Based on Application, the market is segmented into Enterprises, Personal and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Neobanking Market in Europe is expected to register a CAGR of 45.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Atom Bank PLC, Monzo Bank Ltd., Moven Enterprises, N26 GmbH, Revolut Ltd., Ubank Limited, WeBank Co., Ltd., Banco Bilbao Vizcaya Argentaria SA (Simple Finance Technology), Deutsche Bank AG, and Sopra Steria Group SA (Fidor Solutions AG).
Scope of the Study
Market Segments Covered in the Report:
By Account Type
- Business Account
- Savings Account
By Application
- Enterprises
- Personal
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Companies Profiled
- Atom Bank PLC
- Monzo Bank Ltd.
- Moven Enterprises
- N26 GmbH
- Revolut Ltd.
- Ubank Limited
- WeBank Co., Ltd.
- Banco Bilbao Vizcaya Argentaria SA (Simple Finance Technology)
- Deutsche Bank AG
- Sopra Steria Group SA (Fidor Solutions AG)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Neobanking Market, by Account Type
1.4.2 Europe Neobanking Market, by Application
1.4.3 Europe Neobanking Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, May – 2020, Nov) Leading Players
Chapter 4. Europe Neobanking Market by Account Type
4.1 Europe Neobanking Market Business Account Market by Country
4.2 Europe Neobanking Market Savings Account Market by Country
Chapter 5. Europe Neobanking Market by Application
5.1 Europe Enterprises Market by Country
5.2 Europe Personal Market by Country
5.3 Europe Others Market by Country
Chapter 6. Europe Neobanking Market by Country
6.1 Germany Neobanking Market
6.1.1 Germany Neobanking Market by Account Type
6.1.2 Germany Neobanking Market by Application
6.2 UK Neobanking Market
6.2.1 UK Neobanking Market by Account Type
6.2.2 UK Neobanking Market by Application
6.3 France Neobanking Market
6.3.1 France Neobanking Market by Account Type
6.3.2 France Neobanking Market by Application
6.4 Russia Neobanking Market
6.4.1 Russia Neobanking Market by Account Type
6.4.2 Russia Neobanking Market by Application
6.5 Spain Neobanking Market
6.5.1 Spain Neobanking Market by Account Type
6.5.2 Spain Neobanking Market by Application
6.6 Italy Neobanking Market
6.6.1 Italy Neobanking Market by Account Type
6.6.2 Italy Neobanking Market by Application
6.7 Rest of Europe Neobanking Market
6.7.1 Rest of Europe Neobanking Market by Account Type
6.7.2 Rest of Europe Neobanking Market by Application
Chapter 7. Company Profiles
7.1 Atom Bank PLC
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Recent strategies and developments:
7.1.3.1 Partnerships, Collaborations, and Agreements:
7.1.3.2 Acquisition and Mergers:
7.1.3.3 Product Launches and Product Expansions:
7.2 Monzo Bank Ltd.
7.2.1 Company Overview
7.3 Moven Enterprise
7.3.1 Company Overview
7.4 N26 GmbH
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Partnerships, Collaborations, and Agreements:
7.4.2.2 Product Launches and Product Expansions:
7.4.2.3 Geographical Expansions:
7.5 Revolut Ltd.
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Product Launches and Product Expansions:
7.5.2.3 Geographical Expansions:
7.6 Ubank Limited
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Research & Development Expense
7.7 WeBank Co., Ltd.
7.7.1 Company Overview
7.8 Banco Bilbao Vizcaya Argentaria SA (Simple Finance Technology)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.9 Deutsche Bank AG
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Recent strategies and developments:
7.9.4.1 Partnerships, Collaborations, and Agreements:
7.9.4.2 Geographical Expansions:
7.10. Sopra Steria Group SA (Fidor Solutions AG)
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 Recent strategies and developments:
7.10.5.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Europe Neobanking Market, 2016 - 2019, USD Million
TABLE 2 Europe Neobanking Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Neobanking Market
TABLE 4 Product Launches And Product Expansions– Neobanking Market
TABLE 5 Geographical Expansions– Neobanking Market
TABLE 6 Acquisition and Mergers– Neobanking Market
TABLE 7 Europe Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 8 Europe Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 9 Europe Neobanking Market Business Account Market by Country, 2016 - 2019, USD Million
TABLE 10 Europe Neobanking Market Business Account Market by Country, 2020 - 2026, USD Million
TABLE 11 Europe Neobanking Market Savings Account Market by Country, 2016 - 2019, USD Million
TABLE 12 Europe Neobanking Market Savings Account Market by Country, 2020 - 2026, USD Million
TABLE 13 Europe Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 14 Europe Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 15 Europe Enterprises Market by Country, 2016 - 2019, USD Million
TABLE 16 Europe Enterprises Market by Country, 2020 - 2026, USD Million
TABLE 17 Europe Personal Market by Country, 2016 - 2019, USD Million
TABLE 18 Europe Personal Market by Country, 2020 - 2026, USD Million
TABLE 19 Europe Others Market by Country, 2016 - 2019, USD Million
TABLE 20 Europe Others Market by Country, 2020 - 2026, USD Million
TABLE 21 Europe Neobanking Market by Country, 2016 - 2019, USD Million
TABLE 22 Europe Neobanking Market by Country, 2020 - 2026, USD Million
TABLE 23 Germany Neobanking Market, 2016 - 2019, USD Million
TABLE 24 Germany Neobanking Market, 2020 - 2026, USD Million
TABLE 25 Germany Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 26 Germany Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 27 Germany Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 28 Germany Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 29 UK Neobanking Market, 2016 - 2019, USD Million
TABLE 30 UK Neobanking Market, 2020 - 2026, USD Million
TABLE 31 UK Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 32 UK Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 33 UK Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 34 UK Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 35 France Neobanking Market, 2016 - 2019, USD Million
TABLE 36 France Neobanking Market, 2020 - 2026, USD Million
TABLE 37 France Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 38 France Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 39 France Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 40 France Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 41 Russia Neobanking Market, 2016 - 2019, USD Million
TABLE 42 Russia Neobanking Market, 2020 - 2026, USD Million
TABLE 43 Russia Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 44 Russia Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 45 Russia Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 46 Russia Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 47 Spain Neobanking Market, 2016 - 2019, USD Million
TABLE 48 Spain Neobanking Market, 2020 - 2026, USD Million
TABLE 49 Spain Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 50 Spain Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 51 Spain Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 52 Spain Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 53 Italy Neobanking Market, 2016 - 2019, USD Million
TABLE 54 Italy Neobanking Market, 2020 - 2026, USD Million
TABLE 55 Italy Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 56 Italy Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 57 Italy Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 58 Italy Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 59 Rest of Europe Neobanking Market, 2016 - 2019, USD Million
TABLE 60 Rest of Europe Neobanking Market, 2020 - 2026, USD Million
TABLE 61 Rest of Europe Neobanking Market by Account Type, 2016 - 2019, USD Million
TABLE 62 Rest of Europe Neobanking Market by Account Type, 2020 - 2026, USD Million
TABLE 63 Rest of Europe Neobanking Market by Application, 2016 - 2019, USD Million
TABLE 64 Rest of Europe Neobanking Market by Application, 2020 - 2026, USD Million
TABLE 65 Key Information –Atom Bank PLC
TABLE 66 Key Information – Monzo Bank Ltd.
TABLE 67 Key Information – Moven Enterprises
TABLE 68 Key Information – N26 GmbH
TABLE 69 Key Information – Revolut Ltd.
TABLE 70 key information – Ubank Limited
TABLE 71 key Information – WeBank Co., Ltd.
TABLE 72 Key Information – Banco Bilbao Vizcaya Argentaria SA
TABLE 73 key information – Deutsche Bank AG
TABLE 74 Key Information – Sopra Steria Group SA
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2016, May – 2020, Nov) Leading Players
FIG 5 Recent strategies and developments: Atom Bank PLC
FIG 6 Recent strategies and developments: N26 GmbH
FIG 7 Recent strategies and developments: Revolut Ltd.
FIG 8 Recent strategies and developments: Deutsche Bank AG