Banking-as-a-Service (BaaS) Market Revenue Sizing Outlook Appears Bright

Latest added Banking-as-a-Service (BaaS) Market research study by AMA Research offers detailed outlook and elaborates market review till 2027. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are SolarisBank (Germany), PayPal (United States), Fidor Bank (Germany), Moven (United States), Prosper Marketplace (United States), Braintree (United States), Coinbase (United States), GoCardless (United Kingdom), Oanda Corporation (United States), Currency Cloud (United Kingdom), Intuit (United States), Gemalto (The Netherlands), Invoicera (India) etc.?

The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.

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Banking-as-a-Service (BaaS) Market Definition:

Banking-as-a-service (BaaS) is a process that is an endwise process where third parties such as (FinTech, developers, non-FinTech, etc.) can easily access and perform the financial services capabilities without any interference and developing them originally. These services also enable third parties to reconnect with the main systems of financial services providers so that they can establish a banking services infrastructure through an application programming interface (API). Moreover, it aims to integrate third parties' capabilities with financial services providers into a comprehensive process to complete a financial transaction seamlessly and effectively. Furthermore, the service providers in this market third parties can build their own banking offerings with the use of BaaS APIs on top of the banking providers' regulated infrastructure. For instance, In United Kingdom, API calls have surged over the last year, from roughly one million a month in May 2018 to more than 66.7 million in June this year and also keep on continuing and making the market grow in forecasted periods.

This research is categorized differently considering the various aspects of this market. It also evaluates the upcoming situation by considering project pipelines of company, long term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used for analyzing the Global Banking-as-a-Service (BaaS) Market research report include SWOT analysis.

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.

Influencing Trend:

• 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.

Challenges:

·???????High Initial Cost Required by the investors to Invest in BaaS

·???????Conventionally, Banking Services have Remained within the Closed Confines of Banking Institutions this has Hindered the Reach and Democratization of Banking Services on a Social Scale

Market Growth 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

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Regulatory Insights: Recently, the European Commission has found a way to encourage competition and innovation, enabled by technology. Previously, banks were refusing to allow users to export their data to a third party which made innovation based on financial data difficult. PSD2 forces them in part to open up that data and those services to third parties. It is allowing startups in the Fintech industry to play a more important and active role by extending the scope throughout Europe and allowing the use of APIs to “enable payment by directly connecting the merchant and the bank”

The Global Banking-as-a-Service (BaaS) segments and Market Data Break Down are illuminated below:

by Type (API-based Bank-as-a-Service, Cloud-based Bank-as-a-Service (Infrastructure as a service (IaaS), Banking as a platform (BaaP), FinTech SaaS, Humans as a service (HuaaS))), Application (Government, Banks, NBFC), Banking Mode (Web Banking, Mobile Banking)

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The regional analysis of Global Banking-as-a-Service (BaaS) Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2023-2028.

Highlights of the report:

• A complete backdrop analysis, which includes an assessment of the parent market
• Important changes in market dynamics
• Market segmentation up to the second or third level
• Historical, current, and projected size of the market from the standpoint of both value and volume
• Reporting and evaluation of recent industry developments
• Market shares and strategies of key players
• Emerging niche segments and regional markets
• An objective assessment of the trajectory of the market
• Recommendations to companies for strengthening their foothold in the market

Strategic Points Covered in Table of Content of Global Banking-as-a-Service (BaaS) Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Banking-as-a-Service (BaaS) market

Chapter 2: Exclusive Summary – the basic information of the Banking-as-a-Service (BaaS) Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Banking-as-a-Service (BaaS)

Chapter 4: Presenting the Banking-as-a-Service (BaaS) Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying the by Type, End User and Region/Country 2017-2022

Chapter 6: Evaluating the leading manufacturers of the Banking-as-a-Service (BaaS) market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Banking-as-a-Service (BaaS) Market is a valuable source of guidance for individuals and companies.

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Key questions answered

·???????Who are the Leading key players and what are their Key Business plans in the Global Banking-as-a-Service (BaaS) market?

·???????What are the key concerns of the five forces analysis of the Global Banking-as-a-Service (BaaS) market?

·???????What are different prospects and threats faced by the dealers in the Global Banking-as-a-Service (BaaS) market?

·???????What are the strengths and weaknesses of the key vendors?

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

Thanks for reading this article, we can also provide customized report as per company’s specific needs. You can also get separate chapter wise or region wise report versions including North America, Europe or Asia.

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