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3 trends for challenger and neobanks in 2021
Image source: Photo by Andrea Piacquadio from Pexels
The challenger and neobank landscape is as diverse as it is complex. New trends in financial services emerge fairly often but these 3 trends (SME focused banks, crypto banks and personalization) are the ones I believe will be the strongest in 2021 and the coming years.
1. Niche banks: challengers focused on freelancers and SMEs
In recent years, there has been a new breed of challengers focused in different niches like LGBTQ+ banks, international students and even war veterans. But then a new breed of challengers that are aimed at freelancers and SMEs.