Banking Research & Consulting | TABInsights

Global Top 100 Digital-Only Banks Report 2023

December 2023
USD 500

Over the last decade since the start of the fintech boom, the financial service sector has seen the rise of more than 400 stand-alone digital banks globally. They have transformed the way digitally inclined consumers save, borrow, transact and invest. Despite early hits and misses, the second generation of digital-only banks has emerged since 2014 to cater mainly to the younger and mobile-native clientele. But reckoning is coming. They now must prove that beyond a superior customer and user experience, they can also be profitable. This report provides a detailed analysis of the state of digital-only banks, based on the Global top 100 digital-only banks ranking and covers key insights that can be drawn from the ranking.

Publication date:
December 2023

Delivery:
The file is directly delivered into your account provided soon after online payment is received. The file contains two documents - a pdf MS PowerPoint deck (40 slides) and the associated data sheet in Excel format.

The report includes:

  1. Key findings from this year’s ranking
  2. Scorecard analysis by region
  3. Key characteristics of the top 5 digital-only banks
  4. Aggregated performance analysis
  5. Cost and ROE analysis
  6. Business cycle of digital-only banks
  7. Case study: Starling Bank
  8. Market impact of digital-only banks

This report answers:

  1. What are the key success factors that digital-only banks need to consider to become successful?
  2. What the profitable digital-only banks as of FY2022?
  3. What are the current operational and financial benchmarks for digital-only banks?
  • 1. Overview of the Global Top 100 Digital-Only Banks Ranking
  • 2. Key findings from the Global Top 100 Digital-Only Banks Ranking
  • 3. Ownership structure and business focus of digital-only banks
  • 4. Top 10 digital-only banks in the World
  • 5. Top 10 digital-only banks in North and South America
  • 6. Top 10 digital-only banks in Europe
  • 7. Top 10 digital-only banks in Asia Pacific (APAC)
  • 8. Top 10 digital-only banks in Southeast Asia
  • 9. Top 10 digital-only banks in Middle East and Africa (MEA)
  • 10. Key characteristics of the top 5 digital-only banks in the world
  • 11. Average performance gap between top 10%, mid 80% and bottom 10% (2022)
  • 12. Assets, deposits and loans of top 100 digital-only banks (2021, 2022)
  • 13. Revenue, users, and revenue per user of top 100 digital-only banks (2021, 2022)
  • 14. Top digital-only banks with the highest annual gross revenue per registered user (2022)
  • 15. Annual operating expenses per registered user of digital-only banks (2022)
  • 16. Top digital-only banks with the highest deposits per user (2022)
  • 17. Top digital-only bank by user base and number of years it took to reach this scale (2022)
  • 18. ROE and CIR ratio of digital-only banks (2022)
  • 19. ROE, asset score and LDR ratio of leading digital-only banks (2022)
  • 20. Business cycle of digital-only banks
  • 21. Top digital-only banks with the highest pre-tax profits (2022)
  • 22. Top digital-only banks with the highest ROE (2022)
  • 23. Case study: Starling Bank
  • 24. Market share by digital-only banks in selected markets (2022)
  • 25. Market impact of digital-only banks
  • 26. Least profitable digital-only banks (2022)
  • 27. Capital raising activities of top 10 most-funded digital-only banks (March 2020 – March 2023)
  • Investors, hedge funds and private equity players assessing the investment potential of digital-only banks
  • Digital-only banks that operate in any market and/or evaluate the opportunities to enter new markets
  • Researchers in financial institutions, regulatory bodies, government agencies and investment companies

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