Santander has announced that Openbank will be launched into the US later this year, demonstrating the continuing importance of digital-only neobanks. Omdia’s Neobank Activity Tracker enables close monitoring of digital banking trends.

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Summary

Santander has announced that its neobank brand Openbank will be launched into the US later this year, demonstrating the continuing importance of digital-only banks. Omdia has recently refreshed its coverage of neobanks, and the Neobank Activity Tracker now tracks more than 100 neobanks of various origin (startup, banking incumbent, or big tech/telco) across nine key categories and more than 50 subcategories.

Neobanks aren’t a threat, until they are

There has been a lot of doom and gloom written around the future of neobanks, but it is easy to forget that they are only now just entering their teenage years, and a handful have already matured into fully fledged adults.

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