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Analyst material

Challenger banks most likely to succeed, and how

Challenger banks most likely to succeed, and how

This IDC event proceedings, organized by IDC, Red Hat, Thought Machine, and Intel, summarizes the insights of an exclusive, invitation-only digital roundtable of challenger banks.

"Challenger banks" refers to different types of banks, including:

  • Neo-banks.
  • Fintech platforms.
  • Digital-only banks.
  • Virtual banks.
  • Payments services providers.

In the roundtable discussion, challengers most likely to succeed in the APAC region came together to discuss their strategies for innovative technology. IDC Financial Insights also unveiled research showing how challenger propositions are succeeding, especially in the use of technology. 

IDC Financial Insights expects that by 2022, more than a hundred of these banks will emerge in the region, bringing new and exciting ways of banking.

Download this analyst material to see more key takeaways from the roundtable discussion.