target audience: TECH BUYER  Publication date: Sep 2022 - Document type: IDC Perspective - Doc  Document number: # AP47795421

Asia/Pacific Challengers in 2022: The Road Ahead

By:  Muhammad Adam Kamarul Zaman

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Table of Contents


  • Executive Snapshot

    • Figure: Executive Snapshot: Asia/Pacific Challengers in 2022: The Road Ahead

  • Situation Overview

    • Table: Challenger Banks in Asia/Pacific in 2022

    • Key Developments in Asia/Pacific

    • Australia

    • China

    • Hong Kong

    • Malaysia

    • India

    • Indonesia

    • New Zealand

    • The Philippines

    • Singapore

    • South Korea

    • Taiwan

    • Thailand

    • Vietnam

    • Southeast Asia's Move to Unify Its Payment Ecosystem

    • Figure: Learnings from Asia/Pacific Challengers

    • Inner Workings of a Challenger Bank

    • How Does a Challenger Bank Spend?

    • Cloud Infrastructure

    • Figure: Asia/Pacific (Excluding Japan) Cloud Spending in Banking Industry, 2021–2026 (US$M)

    • Banking Software

    • Table: Notable Core Systems Vendors for Challengers in Asia/Pacific

    • Marketing and Acquisition

    • How Does a Challenger Bank Earn?

    • Instant and Microfinancing

    • Premium Tier Subscriptions

    • SMEs in Focus

    • Extending Beyond Banking

    • Figure: Reimagining Bank to Nonbank Partnerships

    • Growth Drivers for Asia/Pacific Challengers

    • Large Addressable Market

    • SME Customers

    • Individual Customers

    • Super Apps and Network Effects

    • Projecting Growth and Market Share: Lessons from Established Challengers

    • Figure: Challenger Household Loans Growth and Share

    • Figure: Asia/Pacific Challengers Share of Loan Projection (US$B)

    • Analyzing Challenger's Impact on Traditional Banking and Customers

    • Reshaping Traditional Banking

    • Digital Only as a Market Strategy

    • Driving Innovation in Financial Products and Process

    • Benefiting Business and Consumers

    • Serving More People, Faster

    • Personalization in Financial Products

    • Inclusive Finance

    • Key Risks Ahead

    • Path to Profitability

    • Incumbents Are Playing Catchup

    • Uncertain Economic Landscape

  • Advice for the Technology Buyer/Provider

  • Learn More

    • Related Research

    • Synopsis