Neobanks seeking profitability

Laurent Clerc, Arthur Moraglia and Sylvain Perron

Analyse et synthese from Banque de France

Abstract: This study follows a first publication by the Autorité de contrôle prudentiel et de résolution in 2018 that was dedicated to the emergence of neobanks2. In particular, it aims at specifying the business models associated with neobanks and focuses on two key aspects: the first one is initial contact with customers, in a context within which the regulatory differences induced by national transpositions of European directives on the stakeholders of this sector which could introduce distortions of competition between national and foreign stakeholders. The second key aspect is profitability: neobanks are often represented as liable to shake up the banking landscape. However, several years after their creation, they still struggle to generate profit margins.

Keywords: bank; neobank; digitalisation; innovation; Fintech; remote identity verification; digital (search for similar items in EconPapers)
JEL-codes: G18 G21 G28 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:analys:113

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