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Neo-banks: taking the challenge to a well-established banking sector
- January 5, 2021
- Posted by: Alaae Sbai
- Category: Banking, Economics, Finance & Accounting, Financial Services, Worldwide
The global neo and challenger bank market is expected to reach $578 billion by 2027, at a compounded annual growth rate (CAGR) of about 46.5% from 2019 to 2027. However, these fintech firms are still flying under the radar, triggering the attention and interest of millions of customers worldwide. So, what are Neo-Banks, and what