Over the last decade since the start of the fintech boom, the financial service sector has seen the rise of more than 400 stand-alone digital banks globally. They have transformed the way digitally inclined consumers save, borrow, transact and invest. Despite early hits and misses, the second generation of digital-only banks has emerged since 2014 to cater mainly to the younger and mobile-native clientele. But reckoning is coming. They now must prove that beyond a superior customer and user experience, they can also be profitable. This report provides a detailed analysis of the state of digital-only banks, based on the Global top 100 digital-only banks ranking and covers key insights that can be drawn from the ranking.

Publication date:
December 2023

Delivery:
The file is directly delivered into your account provided soon after online payment is received. The file contains two documents - a pdf MS PowerPoint deck (40 slides) and the associated data sheet in Excel format.

The report includes:

1. Key findings from this year’s ranking
2. Scorecard analysis by region
3. Key characteristics of the top 5 digital-only banks
4. Aggregated performance analysis
5. Cost and ROE analysis
6. Business cycle of digital-only banks
7. Case study: Starling Bank
8. Market impact of digital-only banks

This report answers:

1. What are the key success factors that digital-only banks need to consider to become successful?
2. What the profitable digital-only banks as of FY2022?
3. What are the current operational and financial benchmarks for digital-only banks?