HTF Market Intelligence published a new research document of 150+pages on Banking as a Service Market Insights, to 2030″ with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Banking as a Service market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics.
Some of the key players profiled in the study are GreenDOT, BBVA Banco Bilbao Vizcaya Argentaria, S.A, Novopayment, Sopra Banking Software, PayPal, Mambu , Avaloq, Starling Bank , SolarisBank, RazorpayX
The Global Banking as a Service market was valued at USD 14.53 Million in 2024 and is expected to reach USD 50.59 Million by 2030, growing at a CAGR of 23.1 % during 2024-2030.
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Definition: Banking as a Service (BaaS) is a financial service model that allows non-bank financial institutions, such as fintech companies, to offer banking services to their customers by using the infrastructure and services of traditional banks. In other words, BaaS enables third-party companies to build and offer their own banking products and services, without having to become a licensed bank themselves.Under the BaaS model, banks provide their infrastructure, such as customer-facing technology, payment processing, and regulatory compliance, to third-party financial institutions, which can then integrate these services into their own platforms. This allows fintech companies to offer banking products and services, such as digital wallets, payments, loans, and account management, without having to invest in their own banking infrastructure.
Market Trends:
The rising adoption of retail banking, as well as the third-party registrations in the UK and EU for open banking access, has unlocked capabilities towards baking as a service. For example, the retail lending in India has a growth rate (CAGR) of 16.2% over the FY2013 among emerging markets and thus improving the standard of BaaS from a different genre.
Market Drivers:
Cumulating Demand for Digital Money among People has Increased the Market Potential of the BaaS
Rising Fame of Internet Banking is making its way to Drive the Industry Parameters
Market Opportunities:
Digital banking & cards are providing an opportunity in this market. In this type of opportunity, the client can use these cards as a backbone to build retail or SME banking offerings. For example, Penta is one of the offerings from SolarisBank. This has also gained interest from traditional banks to build a new digital subsidiary or retail or online companies, which would like to offer their customers their own bank account or the payment card.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Banking as a Service Market: API-based, Cloud-Based
Key Applications/end-users of Banking as a Service Market: Government, Banks, NBFC
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With this report you will learn:
· Who the leading players are in Banking as a Service Market?
· What you should look for in a Banking as a Service
· What trends are driving the Market
· About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Banking as a Service vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.
Who should get most benefit from this report insights?
· Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Banking as a Service
· Marketers and agencies doing their due diligence in selecting a Banking as a Service for large and enterprise level organizations
· Analysts and vendors looking for current intelligence about this dynamic marketplace.
· Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.
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Quick Snapshot and Extracts from TOC of Latest Edition
- Overview of Banking as a Service Market
- Banking as a ServiceSize (Sales Volume) Comparison by Type (2024-2030)
- Banking as a Service Size (Consumption) and Market Share Comparison by Application (2024-2030)
- Banking as a Service Size (Value) Comparison by Region (2024-2030)
- Banking as a Service Sales, Revenue and Growth Rate (2024-2030)
- Banking as a Service Competitive Situation and Current Scenario Analysis Strategic proposal for estimating sizing of core business segments Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type Analyse competitors, including all important parameters of Banking as a Service
- Banking as a Service Manufacturing Cost Analysis Latest innovative headway and supply chain pattern mapping of leading and merging industry players
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