Insights into fintech

How to successfully build a digital bank?

By Jeroen de Bel, Benjamin Kral on 01-02-2021

 

Over the last decade, there has been a rise of digital banks. These newly established banks, also referred to as neo banks or challenger banks, offer modern banking propositions tailored to the smartphone and the digital world. They are founded in the aftermath of the financial crisis with the vision to create a better and more fair banking experience. These digital banks are setting the benchmark for the future banking market.

There are currently over 400 digital banks worldwide and they are still growing fast in number and size. Nevertheless there are still ample digital banking opportunities in selected niches and geographic markets. The question is then how one could seize this opportunity and successfully launch a digital bank? This whitepaper offers a practical guide to help you from start to finish with hands-one information.

We looked at their value proposition and what makes them successful. We did put our findings in a new guide. ‘How to successfully build a digital bank’ was born from a collaborative initiative with BPC BT and Radar Payments.

The success of a digital bank is defined by their unique value proposition and viable business plan, a lean operating model able to deliver the customer promise, and a well-managed and profitable business.

This white paper takes you through each step of the process. It first provides an introduction into digital banking and helps one understand the current market landscape. In three steps we then take you through what kind of digital bank to build, including the value proposition and business plan; how to build a digital bank, with a detail description of each of the buildings including the regulatory framework, organization design, technology, and people capabilities; and then how to scale a digital bank into a sufficiently large and sustainable business.

By the end of this white paper one will have a complete overview of what it takes to build a digital bank. This will not only help one getting started in building a digital bank, but also put one in pole position to achieve future success.

Download your free copy here: How to successfully build a digital bank.

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