Abstract
Summary
Banking-as-a-service is a non-banking system that allows the third-party organization to offer core financial services to their customers by merging with banks through APIs. It helps the non-banks such as FinTech and non-FinTech businesses to build products such as debit cards and credit cards on top of the traditional banking infrastructure. Furthermore, it helps in understanding the customer buying behavior and provides customized offer to them to increase customer loyalty. Furthermore, by using application programming interfaces (APIs) and other technological solutions, Banking-as-a-Service (BaaS) is a business model that enables non-bank organizations to offer a variety of financial services. By outsourcing standard banking operations to specialized service providers, the BaaS model allows companies to incorporate banking services into their own platforms and apps. Such operations include payments, deposits, loans, and compliance. BaaS promotes innovation, scalability, and the development of tailored financial solutions by facilitating cooperation between fintech businesses and traditional financial institutions.
The banking-as-a-service market is driven by the streamlining of financial services. Banking-as-a-service allows companies and financial institutions to contract with specialist service providers to handle certain banking tasks. They can attain operational efficiency and concentrate on their main skills by doing this. Compared to internal operations, BaaS suppliers frequently possess the infrastructure and knowledge necessary to manage these tasks more effectively. Furthermore, the increase in use of digital transformation technology in banks drives the demand for the banking-as-a-service. However, high cost of adoption hampers the expansion of banking-as-a-service markets. Financial institutions are able to compare the costs of deploying BaaS with the expenses associated with developing and maintaining internal solutions. In such a scenario, enterprises believe adopting BaaS to be much more expensive due to which they choose internal alternatives. Furthermore, the increase in cyber-attacks restricts the banking-as-a-service market growth. On the contrary, the banking-as-a-service market benefits from an increase in demand for banking-as-a-service infrastructure to improve the business value. Businesses reach underserved or unbanked populations by providing financial services through the use of BaaS infrastructure. Businesses support financial inclusion objectives, reach a larger customer base, and generate additional revenue by utilizing the capabilities of BaaS providers.
The banking-as-a-service market is segmented on the basis of component, type, enterprise size, end user, and region. On the basis of component, the market is divided into platform and service. By type, it is bifurcated into API-based Bank-as-a-service and cloud-based bank-as-a-service. By end user, it is categorized into banks, fintech corporation/NBFC, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the banking-as-a-service market such as Banco Bilbao Vizcaya Argentaria, Block, Inc, Bnkbl Ltd, ClearBank Ltd, Green Dot, MatchMove Pay Pte Ltd, Solaris SE., Starling Bank, Stripe, Inc., and Treasury Prime. These players have adopted various strategies to increase their market penetration and strengthen their position in the banking-as-a-service market.
Key Benefits for Stakeholders
●The study provides in-depth analysis of the global banking-as-a-service market along with the current & future trends to illustrate the imminent investment pockets.
●Information about key drivers, restrains, & opportunities and their impact analysis on the global banking-as-a-service market size are provided in the report.
●Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
●The quantitative analysis of the global banking-as-a-service market from 2022 to 2032 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
● Quarterly Update and* (only available with a corporate license, on listed price)
● 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
● Free Upcoming Version on the Purchase of Five and Enterprise User License.
● 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
● 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
● Free data Pack on the Five and Enterprise User License. (Excel version of the report)
● Free Updated report if the report is 6-12 months old or older.
● 24-hour priority response*
● Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
● Investment Opportunities
● Market share analysis of players by products/segments
● Regulatory Guidelines
● Additional company profiles with specific to client's interest
● Additional country or region analysis- market size and forecast
● Key player details (including location, contact details, supplier/vendor network etc. in excel format)
● SWOT Analysis
Key Market Segments
By Component
● Platform
● Service
By Type
● API-based Bank-as-a-service
● Cloud-based Bank-as-a-service
By End User
● Banks
● FinTech Corporations/NBFC
● Others
By Region
● North America
○ U.S.
○ Canada
● Europe
○ UK
○ Germany
○ France
○ Italy
○ Spain
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ Australia
○ South Korea
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ Stripe, Inc.
○ MatchMove Pay Pte Ltd
○ Solaris SE
○ Starling Bank
○ Block, Inc.
○ Treasury Prime
○ Green Dot Corporation
○ ClearBank Ltd
○ Bnkbl Ltd
○ Banco Bilbao Vizcaya Argentaria, S.A.
Table of Contents
1 INTRODUCTION
1.1 Report description
1.2 Key market segments
1.3 Key benefits to the stakeholders
1.4 Research methodology
1.4.1 Primary research
1.4.2 Secondary research
1.4.3 Analyst tools and models
2 EXECUTIVE SUMMARY
2.1 CXO Perspective
3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.3 Porter’s five forces analysis
3.3.1 Low bargaining power of suppliers
3.3.2 Low threat of new entrants
3.3.3 Low threat of substitutes
3.3.4 Low intensity of rivalry
3.3.5 Low bargaining power of buyers
3.4 Market dynamics
3.4.1 Drivers
- 3.4.1.1 Increase in use of digital transformation technology in banks
- 3.4.1.2 Streamlining financial services
- 3.4.1.3 Improving the fund transaction service
3.4.2 Restraints
- 3.4.2.1 High cost of adoption
- 3.4.2.2 Increase in cyber-attacks
3.4.3 Opportunities
- 3.4.3.1 Increase in demand for banking-as-a-service infrastructure to improve the business value
4 BANKING-AS-A-SERVICE MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Platform
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Service
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
5 BANKING-AS-A-SERVICE MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 API-based Bank-as-a-service
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Cloud-based Bank-as-a-service
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
6 BANKING-AS-A-SERVICE MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Banks
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 FinTech Corporations/NBFC
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
7 BANKING-AS-A-SERVICE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast By Region
7.2 North America
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by Component
7.2.3 Market size and forecast, by Type
7.2.4 Market size and forecast, by End User
7.2.5 Market size and forecast, by country
- 7.2.5.1 U.S
- 7.2.5.1.1 Market size and forecast, by Component
- 7.2.5.1.2 Market size and forecast, by Type
- 7.2.5.1.3 Market size and forecast, by End User
- 7.2.5.2 Canada
- 7.2.5.2.1 Market size and forecast, by Component
- 7.2.5.2.2 Market size and forecast, by Type
- 7.2.5.2.3 Market size and forecast, by End User
- 7.2.5.1 U.S
7.3 Europe
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by Component
7.3.3 Market size and forecast, by Type
7.3.4 Market size and forecast, by End User
7.3.5 Market size and forecast, by country
- 7.3.5.1 UK
- 7.3.5.1.1 Market size and forecast, by Component
- 7.3.5.1.2 Market size and forecast, by Type
- 7.3.5.1.3 Market size and forecast, by End User
- 7.3.5.2 Germany
- 7.3.5.2.1 Market size and forecast, by Component
- 7.3.5.2.2 Market size and forecast, by Type
- 7.3.5.2.3 Market size and forecast, by End User
- 7.3.5.3 France
- 7.3.5.3.1 Market size and forecast, by Component
- 7.3.5.3.2 Market size and forecast, by Type
- 7.3.5.3.3 Market size and forecast, by End User
- 7.3.5.4 Italy
- 7.3.5.4.1 Market size and forecast, by Component
- 7.3.5.4.2 Market size and forecast, by Type
- 7.3.5.4.3 Market size and forecast, by End User
- 7.3.5.5 Spain
- 7.3.5.5.1 Market size and forecast, by Component
- 7.3.5.5.2 Market size and forecast, by Type
- 7.3.5.5.3 Market size and forecast, by End User
- 7.3.5.6 Rest of Europe
- 7.3.5.6.1 Market size and forecast, by Component
- 7.3.5.6.2 Market size and forecast, by Type
- 7.3.5.6.3 Market size and forecast, by End User
- 7.3.5.1 UK
7.4 Asia-Pacific
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by Component
7.4.3 Market size and forecast, by Type
7.4.4 Market size and forecast, by End User
7.4.5 Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Market size and forecast, by Component
- 7.4.5.1.2 Market size and forecast, by Type
- 7.4.5.1.3 Market size and forecast, by End User
- 7.4.5.2 Japan
- 7.4.5.2.1 Market size and forecast, by Component
- 7.4.5.2.2 Market size and forecast, by Type
- 7.4.5.2.3 Market size and forecast, by End User
- 7.4.5.3 India
- 7.4.5.3.1 Market size and forecast, by Component
- 7.4.5.3.2 Market size and forecast, by Type
- 7.4.5.3.3 Market size and forecast, by End User
- 7.4.5.4 Australia
- 7.4.5.4.1 Market size and forecast, by Component
- 7.4.5.4.2 Market size and forecast, by Type
- 7.4.5.4.3 Market size and forecast, by End User
- 7.4.5.5 South Korea
- 7.4.5.5.1 Market size and forecast, by Component
- 7.4.5.5.2 Market size and forecast, by Type
- 7.4.5.5.3 Market size and forecast, by End User
- 7.4.5.6 Rest of Asia-Pacific
- 7.4.5.6.1 Market size and forecast, by Component
- 7.4.5.6.2 Market size and forecast, by Type
- 7.4.5.6.3 Market size and forecast, by End User
- 7.4.5.1 China
7.5 LAMEA
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by Component
7.5.3 Market size and forecast, by Type
7.5.4 Market size and forecast, by End User
7.5.5 Market size and forecast, by country
- 7.5.5.1 Latin America
- 7.5.5.1.1 Market size and forecast, by Component
- 7.5.5.1.2 Market size and forecast, by Type
- 7.5.5.1.3 Market size and forecast, by End User
- 7.5.5.2 Middle East
- 7.5.5.2.1 Market size and forecast, by Component
- 7.5.5.2.2 Market size and forecast, by Type
- 7.5.5.2.3 Market size and forecast, by End User
- 7.5.5.3 Africa
- 7.5.5.3.1 Market size and forecast, by Component
- 7.5.5.3.2 Market size and forecast, by Type
- 7.5.5.3.3 Market size and forecast, by End User
- 7.5.5.1 Latin America
8 COMPETITIVE LANDSCAPE
8.1 Introduction
8.2 Top winning strategies
8.3 Product mapping of top 10 player
8.4 Competitive dashboard
8.5 Competitive heatmap
8.6 Top player positioning, 2022
9 COMPANY PROFILES
9.1 Banco Bilbao Vizcaya Argentaria, S.A
9.1.1 Company overview
9.1.2 Key executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.2 Block, Inc
9.2.1 Company overview
9.2.2 Key executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 Bnkbl Ltd
9.3.1 Company overview
9.3.2 Key executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Key strategic moves and developments
9.4 ClearBank Ltd
9.4.1 Company overview
9.4.2 Key executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Key strategic moves and developments
9.5 Green Dot Corporation
9.5.1 Company overview
9.5.2 Key executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 MatchMove Pay Pte Ltd
9.6.1 Company overview
9.6.2 Key executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.7 Solaris SE
9.7.1 Company overview
9.7.2 Key executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.8 Starling Bank
9.8.1 Company overview
9.8.2 Key executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Key strategic moves and developments
9.9 Stripe, Inc
9.9.1 Company overview
9.9.2 Key executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.10 Treasury Prime
9.10.1 Company overview
9.10.2 Key executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Key strategic moves and developments