Over 40 New Challenger Banks Emerged In The Last Year Globally Despite Economic Meltdown
In particular, data acquired by Finbold indicates that as of October 2022, Europe was home to 97 challenger banks, the highest number worldwide, representing a growth of 27.63% from 76 recorded in October 2021. Elsewhere, North America and South America accounted for 73 and 57 challenger banks, respectively, a 15.87% increase. The Asia-Pacific region has 47 banks, while the Middle East and Africa accounted for the least share of challenger banks at 17 although the region recorded the highest annual growth at 30....