Prediction 2 of 5 for the AUT financial services market & its CEE footprint in light of the global Covid-19 pandemic.

Neobanks (fully digital banks with no physical branches) will continue their growth story and reach a market share of over 25% (currently around 12%) within Austria’s banking business

This is a short version of the article ”5 predictions for the Austrian financial services market and its CEE footprint in light of the global Covid-19 pandemic” and focus on the 2nd of 5 predictions “Neobanks (fully digital banks with no physical branches) will continue their growth story and reach a market share of over 25% (currently around 12%) within Austria’s banking business”

Tobias Schaller, Founder mosaikProjects
Tobias Schaller; Founder mosaikProjects

Let’s have a look into the crystal ball

2nd of 5 predictions

Neobanks (fully digital banks with no physical branches) will continue their growth story and reach a market share of over 25% (currently around 12%[2]) within Austria’s banking business.

How is the prediction impacted by the global pandemic?

Entire article

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Tobias Schaller

Welcome, nice to have you here! I am the founder of mosaikProjects (www.mosaik.pro). We support companies to get their strategies ready to execute.