- “The global neo and challenger bank market is projected to reach a valuation of approximately $578 billion by 2027, at a compounded annual growth rate (CAGR) of about 46.5% from 2019 to 2027.
- As mentioned in the report, the global neo and challenger bank market was worth only around $18.6 billion back in 2018
- Neobanks have increasingly been using artificial intelligence (AI) and machine learning (ML) to offer improved banking services.
- A recent study by Juniper Research revealed that by 2024, the number of digital banking users will exceed 3.6 billion”
https://www.google.com/amp/s/www.crowdfundinsider.com/2020/03/158428-global-neobank-and-challenger-bank-market-is-projected-to-surpass-578-billion-by-2027/amp/
