Over the last decade since the start of the fintech boom, the financial service sector has seen the rise of more than 100 stand-alone digital banks globally. They have transformed the way digitally inclined consumers save, borrow, transact and invest. Despite early hits and misses, the second generation of digital-only banks has emerged since 2014 to cater mainly to the younger and mobile-native clientele. But reckoning is coming. They now must prove that beyond a superior customer and user experience, they can also be profitable. This report provides a detailed analysis of the state of digital-only banks, based on the Global top 100 digital-only banks ranking and covers key insights that can be drawn from the ranking.
Publication date:
May 2022
Delivery:
The file is directly delivered into your account provided soon after online payment is received. The file contains two documents - a pdf MS PowerPoint deck (26 slides) and the associated data sheet in Excel format.
The report includes:
1.Aggregated analysis of key data points from the ranking
2.Analysis of the successes and failures of global digital-only banks in expanding beyond their home market
3.Insights into the rise of super challenger banks
4.Analysis of the rise of pan-Asian digital banks
5.Coverage on the prospects of digital-only banks in Hong Kong
6.Business cycle of digital-only banks
7.Success factors of profitable digital-only banks
This report answers:
1.What are the key success factors that digital-only banks need to consider to become successful?
2.What the profitable digital-only banks as of FY2021?
3.What are the current operational and financial benchmarks for digital-only banks?
4.What are the key global and regional developments in digital-only banking?