South America has witnessed exceptionally dynamic growth and evolution of its neobanks landscape, with now more than 30 live digital banks that serve over 50 million customers out of the... more
The post Neobanks in South America – a review of the current landscape appeared first on Payments Cards & Mobile.
In 2018, there were 60 worldwide digital challenger banks, the so called Neobanks, that had launched up to that date. Now, only three years later, that number has increased by... more
Digital-only banks, or neobanks, have been a major focus for investors, and are gathering new customers by the boatload. But are they really banking’s future – or just a sophisticated... more
The post PCM Feature: Neobanks – hot trend or missed opportunity appeared first on Payments Cards & Mobile.
Neobanks operating in the UK added more than 6 million new customers in H2 2019, ending the year with 19.6 million customers globally, according to Accenture’s Digital Banking Tracker. Accenture’s... more
The post UK Neobanks near 20 million customers but customer and deposit growth rates slow appeared first on Payments Cards & Mobile.
A ten-year study has found that the profit of European retail banks/divisions is at an all-time high, driven by a positive economic environment and lower risks (risk costs relative to... more
The post Study: 1 in 10 banks will disappear over the next 5 years appeared first on Payments Cards & Mobile.