The EU’s common standards are helping neobanks, they allow a neobank to rapidly expand its customer base, safe in the knowledge it is obeying with regulatory standards. N26, for instance, has now expanded into 17 different markets meanwhile it was founded five years ago. In current years, though, the EU’s progressive approach to financial regulation has opened the sector up to greater rivalry. The original Payment Services Directive, that became law in November 2009, improved industry transparency and offer

According to the report, Inclination towards mobile baking is one of the primary growth factors for the market. Growing demand for customer convenience in the banking sector is also expected to contribute significantly to the Neobanking market. Overall, Personal Application applications of Neobanking, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global Neobanking market identified that the demand is rising in many different parts of the world as "Improved interest for Digitization & Convenient operations based on mobile platform".

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Neobanking market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Neobanking market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

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Data Triangulation
The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.