Digital banking Trends

RamenApps Analysis

Digital banking is the future of finance, where brick and mortar branches are no longer necessary to transfer moolah - all you need is an internet connection and a device. With the rise of neobanks and fintechs, traditional banks are feeling the heat to up their game in the digital world. Revolut and Qonto are leading the charge with impressive search volumes among users initiating a shift towards cashless banking. On the other hand, Yono Business and Wema bank are also competing fiercely to gain market share. Kuda bank is trying to disrupt the status quo by turning profits in a hyper-competitive space with minimal competition index. Furthermore, thought machine and mashreq neobiz are trying to carve new niches in digital banking with their innovative products. Meanwhile, digital investments and yield savings accounts are the newest ways to build wealth without leaving your couch. In conclusion, digital banking is an ever-evolving category, and the players that can keep up with the times will survive and thrive.

Related tags to Digital banking

5 Years

Monthly Searches

Qonto

Qonto is an online banking and payment institution designed for small and medium-sized businesses and freelancers. The company, founded in France in 2016, offers simplified accounting and bookkeeping solutions, top-notch customer service, and transparent pricing to its clients. It has expanded its services to Spain, Germany, and Italy since 2019. Qonto is regulated and monitored by the French Prudential Control and Resolution Authority under the supervision of the Banque de France. To open a Qonto account, one must be a company director, association or cooperative's chairman, or have a proxy.

Monthly searches:
1,600
Competition:
LOW

Accelerating

TymeBank

Retail banking company

TymeBank is a digital retail bank based in South Africa that offers smart, simple, and low-cost banking services. It has an internet banking platform and mobile apps available on both Google Play and the App Store. TymeBank was acquired by the Commonwealth Bank of Australia in 2015 and renamed TymeDigital by Commonwealth Bank SA. The bank offers consumers instant funds for purchases at any of its partner merchants based on their profile with the bank. The maximum amount that can be provided is R25,000, repayable in three monthly installments. TymeBank is majority-owned by Dr. Patrice Motsepe's African Rainbow Capital. Its Chief Marketing Officer, Linda Appie, discussed the bank's success story in a podcast interview available on the bank's website.

Monthly searches:
1,300
Competition:
LOW

TBI Bank

Topic

TBI Bank is a consumer and SME-focused bank headquartered in Sofia that provides financial services in Bulgaria, Romania, Greece, and other countries through digital channels and partnerships with merchants. They offer services such as personal banking, loans, and corporate banking. They are also a mobile-first challenger bank and a regional leader in alternative payment solutions. TBI Bank has a customer base of 2 million clients and issued nearly 550,000 loans in 2022. It should be noted that the Trade Bank of Iraq (TBI) is a separate entity from TBI Bank.

Monthly searches:
390
Competition:
LOW

Accelerating

Digital banking Trends

Trending markets, companies, and products