How Legacy Banks Can Hit Back as Neobanks Take Off

Digital-only banks—and neobanks in particular—have emerged as potent threats to incumbents, and many disruptors that could further shake up the US banking market loom large. But incumbents can still secure digital account holders by adopting digital best practices championed by challengers.

In The US Digital-Only Banking Revolution Report, Insider Intelligence explores what's behind the growth of large neobanks and how they're building new revenue streams. We then discuss what incumbents stand to lose from neobank growth and explore factors that could upend industry dynamics. Finally, we present a maturity model that lays out actionable steps incumbents can take to capture a slice of digital account holders.

In full, this exclusive report:

1	Identifies the strengths, weaknesses, and long-term risks for the most developed US neobanks
2	Examines the major disruptors that could rattle the market for consumer banking
3	Discusses how incumbents can counter the neobank threat