HTF MI introduces new research on Banking as a Service covering the micro level of analysis by competitors and key business segments (2023-2029). The Banking as a Service explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major 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.

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According to HTF Market Intelligence, the Global Banking as a Service market to witness a CAGR of 23.07% during forecast period of 2023-2029. The market is segmented by Application (Government, Banks, NBFC) by Type (API-based, Cloud-Based) by Component (Web Banking, Mobile Banking) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Banking as a Service market size is estimated to increase by USD 29191.84 Million at a CAGR of 23.07% from 2023 to 2029.
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% ove

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

Which market aspects are illuminated in the report?

Executive Summary: It covers a summary of the most vital studies, the Banking as a Service market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Banking as a Service market, the years measured, and the study points.

Company Profile: Each Firm well-defined in this segment is screened based on a product’s, value, SWOT analysis, ability, and other significant features.

Manufacture by region: This Banking as a Service report offers data on imports and exports, sales, production, and key companies in all studied regional markets

Highlighted of Banking as a Service Market Segments and Sub-Segment:

Banking as a Service Market by Key Players: GreenDOT, BBVA Banco Bilbao Vizcaya Argentaria, S.A, Novopayment, Sopra Banking Software, PayPal, Mambu , Avaloq, Starling Bank , SolarisBank, RazorpayX

Banking as a Service Market by Types: API-based, Cloud-Based

Banking as a Service Market by End-User/Application: Government, Banks, NBFC

Banking as a Service Market by Geographical Analysis:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

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The study is a source of reliable data on Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain, and investor analysis.

Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.

Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.

Key Points in the Market: The key features of this Banking as a Service market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.

Research Objectives:

• Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
  • To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
  • To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
  • To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
  • To deliberately profile the key players and systematically examine their growth strategies.

FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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