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    Neobanks Vs Incumbent Banks

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    Elena Negrean
    Neobanks are gaining ground on incumbent banks. While it was once thought that good ideas alone do not ensure success, neobanks now have strong execution as well as market opportunities and funding. The most successful neobank, Nubank in Brazil, saw a large unbanked population that incumbent banks failed to address. Although breaking into banking is difficult and few neobanks are currently profitable, examples like Amazon persisting for 9 years without profits show that focus on customers can build long term success. In the next decade, neobanks will continue growing and become profitable competitors across continents if incumbent banks do not improve their offerings.

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    Neobanks Vs Incumbent Banks

    Uploaded by

    Elena Negrean
    5 views18 pages
    Neobanks are gaining ground on incumbent banks. While it was once thought that good ideas alone do not ensure success, neobanks now have strong execution as well as market opportunities and funding. The most successful neobank, Nubank in Brazil, saw a large unbanked population that incumbent banks failed to address. Although breaking into banking is difficult and few neobanks are currently profitable, examples like Amazon persisting for 9 years without profits show that focus on customers can build long term success. In the next decade, neobanks will continue growing and become profitable competitors across continents if incumbent banks do not improve their offerings.

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    For better understanding the neobanks

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    Neobanks vs Incumbent banks

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    Neobanks are gaining ground on incumbent banks. While it was once thought that good ideas alone do not ensure success, neobanks now have strong execution as well as market opportunities and funding. The most successful neobank, Nubank in Brazil, saw a large unbanked population that incumbent banks failed to address. Although breaking into banking is difficult and few neobanks are currently profitable, examples like Amazon persisting for 9 years without profits show that focus on customers can build long term success. In the next decade, neobanks will continue growing and become profitable competitors across continents if incumbent banks do not improve their offerings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    5 views18 pages

    Neobanks Vs Incumbent Banks

    Uploaded by

    Elena Negrean
    Neobanks are gaining ground on incumbent banks. While it was once thought that good ideas alone do not ensure success, neobanks now have strong execution as well as market opportunities and funding. The most successful neobank, Nubank in Brazil, saw a large unbanked population that incumbent banks failed to address. Although breaking into banking is difficult and few neobanks are currently profitable, examples like Amazon persisting for 9 years without profits show that focus on customers can build long term success. In the next decade, neobanks will continue growing and become profitable competitors across continents if incumbent banks do not improve their offerings.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 18

    1/18

    NEOBANKS
    VS
    INCUMBENT
    BANKS
    @PaymentGenes
    2/18

    THE BATTLE IS
    BECOMING
    EXCITING AS
    YEARS PASS...
    @PaymentGenes
    3/18

    WHO WILL WIN?


    LET'S DIVE IN
    TOGETHER...
    @PaymentGenes
    4/18

    At first, neobanking was just a good


    idea but good ideas don't always win,
    good execution does. However, in 2023
    it seems that neobanks have it all;
    market opportunities, funding, and
    execution.

    @PaymentGenes
    5/18

    @PaymentGenes
    6/18

    It's no coincidence that the most


    successful neobank in the world is
    Nubank. They started in Brazil, and in
    Latin America, 35% of adults are still
    considered unbanked. There is a logical
    question to ask here: how come
    incumbent banks never approached
    this problem? Check out their digital
    customer experience score...

    @PaymentGenes
    7/18

    @PaymentGenes
    8/18

    Breaking into the banking world is


    hard, not many neobanks are
    profitable...

    @PaymentGenes
    9/18

    @PaymentGenes
    10/18

    However...remember Amazon? It took


    them 9 years to become profitable
    and all that time they were building
    their customer base...

    @PaymentGenes
    11/18

    @PaymentGenes
    12/18

    And now comes the star...a neobank


    that showed everyone it can be done,
    and how to get it done! A Brazilian
    neobank that is taking the world of
    fintech...Nubank!

    @PaymentGenes
    13/18

    @PaymentGenes
    14/18

    @PaymentGenes
    15/18

    What the future holds?

    @PaymentGenes
    16/18

    @PaymentGenes
    17/18

    Neobanks still have a lot of


    opportunities to serve unserved
    customers, VC funds want to invest
    money in them, and there are
    examples of profitable neobanks.
    Incumbent banks should wake up
    before it's too late. In the next 10 years,
    every continent will have several
    profitable neobanks.

    @PaymentGenes
    18/18

    BRAM VREUGDENHIL
    @PaymentGenes

    FOLLOW ME FOR
    MORE CONTENT!
    save for later

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