Neo- and challenger banks have become more and more popular in recent years, attracting an increasing number of customers particularly among younger generations. Traditional banks and financial institutions also started to acknowledge the potential of these new players in the financial sector. According to a survey conducted in December 2020 among executives at banks and credit unions in the United States, 28 percent of respondents admitted that they see neo- and challenger banks as a competitive threat for traditional banking.
Share of bank and credit union executives who see challenger banks as a significant threat in the coming decades in the United States in 2020 and 2021
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Cornerstone Advisors. (January 26, 2021). Share of bank and credit union executives who see challenger banks as a significant threat in the coming decades in the United States in 2020 and 2021 [Graph]. In Statista. Retrieved January 19, 2022, from https://www.statista.com/statistics/1228261/opinion-on-challenger-banks-as-threat-for-banking/
Cornerstone Advisors. "Share of bank and credit union executives who see challenger banks as a significant threat in the coming decades in the United States in 2020 and 2021." Chart. January 26, 2021. Statista. Accessed January 19, 2022. https://www.statista.com/statistics/1228261/opinion-on-challenger-banks-as-threat-for-banking/
Cornerstone Advisors. (2021). Share of bank and credit union executives who see challenger banks as a significant threat in the coming decades in the United States in 2020 and 2021. Statista. Statista Inc.. Accessed: January 19, 2022. https://www.statista.com/statistics/1228261/opinion-on-challenger-banks-as-threat-for-banking/
Cornerstone Advisors. "Share of Bank and Credit Union Executives Who See Challenger Banks as a Significant Threat in The Coming Decades in The United States in 2020 and 2021." Statista, Statista Inc., 26 Jan 2021, https://www.statista.com/statistics/1228261/opinion-on-challenger-banks-as-threat-for-banking/
Cornerstone Advisors, Share of bank and credit union executives who see challenger banks as a significant threat in the coming decades in the United States in 2020 and 2021 Statista, https://www.statista.com/statistics/1228261/opinion-on-challenger-banks-as-threat-for-banking/ (last visited January 19, 2022)
