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Direct Bank Market 2019 Global Analysis, Opportunities and Forecast to 2025

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Direct Bank Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025

— Global Direct Bank Market Size, Status and Forecast 2018-2025

Wiseguyreports.Com adds “Direct Bank Market 2019 Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast to 2025” To Its Research Database.

Market Overview:

The Global Market for Direct Bank to Exhibit a Sound Growth over 2024

A direct bank is also referred to as virtual bank, branchless bank, internet-only bank or online bank. The concept has quickly gained traction owing to its wide-ranging advantages. The virtual status of these banks makes them accessible from remote place. Moreover, these banks facilitate telephonic banking and online banking. These banks may also provide accessibility through ATMs. Such factors have bolstered the prospects of the direct bank industry.

It is anticipated that in the future, many of the traditional banking firms may adopt direct banks systems owing to their cost-benefits. Maintaining a physical branch network is cost intensive and requires substantial human resource.

Boom of the internet has catapult concepts such as direct bank into reality. The emergence of new online banking technologies has also reflected favourably on the global direct bank market. Increased internet penetration is creating significant opportunities for direct bank. In recent years, the number of direct banks has blossomed, which has driven the competition in the market. Some of the companies that provide direct bank services include Atom Bank, Movencorp, Simple Finance Technology, Fidor Group, N26, Pockit, Ubank, Monzo Bank, MyBank (Alibaba Group), Holvi Bank, WeBank (Tencent Holdings Limited), Hello Bank, Koho Bank, Rocket Bank, Soon Banque, Digibank, Timo, Jibun, Jenius, K Bank, Kakao Bank, Starling Bank and Tandem Bank. Rising awareness and growth of a tech savvy consumer based is partly influencing the adoption rate of direct bank. Consumers are also inclining towards direct banks owing to their cost-benefits, and higher convenience of use.

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Other factors that are contributing to the growth of the market include improvement in internet networks, rise of telebanking and growing user base of smartphone applications. The relentless technological advances in the BFSI sector has led to development of innovative solutions. Advanced countries and emerging economies present attractive opportunities to such new-age banking solutions. In regions such as North America and Europe, presence of favourable regulations has ensured a steadfast growth of the direct bank market. Both North America and Europe represent considerable market shares in the terms of value.

Asia Pacific (APAC) is also emerging as market for direct bank. Macroeconomic factors such as rising per capita income and improving standard of living are proving an impetus to the banking sector in the region.

Global Direct Bank Market: Segmental Analysis

The segmental analysis of the market for direct bank has been conducted on the basis of type and application.  On the basis of type, the market has been segmented into challenger bank and neo bank. On the basis of application, the market has been segmented into personal and business.

Key Stakeholders 
Direct Bank Manufacturers 
Direct Bank Distributors/Traders/Wholesalers 
Direct Bank Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Complete Report Details@  https://www.wiseguyreports.com/reports/3949987-global-direct-bank-market-size-status-and-forecast-2019-2025

Major Key Points from Table of Content:

Chapter 1 Report Overview
Chapter 2 Global Growth Trends
Chapter 3 Market Share by Key Players
Chapter 4 Breakdown Data by Type and Application
Chapter 5 United States
Chapter 6 Europe
Chapter 7 China
Chapter 8 Japan
Chapter 9 Southeast Asia
Chapter 10 India
Chapter 11 Central & South America
Chapter 12 International Players Profiles


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Website: https://www.wiseguyreports.com/reports/3949987-global-direct-bank-market-size-status-and-forecast-2019-2025

Source URL: https://marketersmedia.com/direct-bank-market-2019-global-analysis-opportunities-and-forecast-to-2025/88914781

Source: MarketersMedia

Release ID: 88914781

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