How neobanks’ business models challenge traditional banks

Gabriel G. Hopkinson, Diana Klarova, Romeo Turcan, Valeria Gulieva (Redaktør)

Publikation: AndetUdgivelser på nettet - Net-publikationForskningpeer review

Resumé

The banking sector in developed countries has been dominated by a small number of established institutions for many years, with new entrants struggling to gain a foothold. But changes in regulations and customers’ behaviour in recent years have opened up new opportunities. Neobanks are a new form of direct bank that have emerged in the last decade and are seeking to challenge the traditional banking business model. This article will map out the emergence of neobanks and outline how they create value from their business models, as well as assess their impact on the industry in Europe thus far, including on Denmark’s fintech sector.
OriginalsprogEngelsk
Publikationsdatoaug. 2019
StatusUdgivet - aug. 2019

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Business model
New entrants
Banking
Industry
Customer behavior
Denmark
Developed countries
Banking sector

Citer dette

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How neobanks’ business models challenge traditional banks. / Hopkinson, Gabriel G. ; Klarova, Diana; Turcan, Romeo; Gulieva, Valeria (Redaktør).

2019, .

Publikation: AndetUdgivelser på nettet - Net-publikationForskningpeer review

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N2 - The banking sector in developed countries has been dominated by a small number of established institutions for many years, with new entrants struggling to gain a foothold. But changes in regulations and customers’ behaviour in recent years have opened up new opportunities. Neobanks are a new form of direct bank that have emerged in the last decade and are seeking to challenge the traditional banking business model. This article will map out the emergence of neobanks and outline how they create value from their business models, as well as assess their impact on the industry in Europe thus far, including on Denmark’s fintech sector.

AB - The banking sector in developed countries has been dominated by a small number of established institutions for many years, with new entrants struggling to gain a foothold. But changes in regulations and customers’ behaviour in recent years have opened up new opportunities. Neobanks are a new form of direct bank that have emerged in the last decade and are seeking to challenge the traditional banking business model. This article will map out the emergence of neobanks and outline how they create value from their business models, as well as assess their impact on the industry in Europe thus far, including on Denmark’s fintech sector.

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