Press release
Global Fintech as a Service (FaaS) Market 2024 New Trends, Business Growth, Segmentation And Key Players Analysis Till 2033
Fintech as a Service (FaaS) Market
The Business Research Company offers in-depth market insights through Fintech as a Service (FaaS) Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The fintech as a service (faas) market size has grown rapidly in recent years. It will grow from $327.51 billion in 2023 to $386.39 billion in 2024 at a compound annual growth rate (CAGR) of 18.0%. The growth in the historic period can be attributed to digital transformation, mobile and internet penetration, regulatory changes, rise of apis, demand for efficiency.
The fintech as a service (faas) market size is expected to see rapid growth in the next few years. It will grow to $745.53 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to ai and automation, open banking expansion, blockchain and cryptocurrency, globalization of services, data security and privacy. Major trends in the forecast period include embedded finance, api ecosystem growth, regtech and compliance solutions, evolving payment solutions, sustainable finance focus.
Get Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=12612&type=smp
Market Segmentation:
The fintech as a service (faas) market covered in this report is segmented -
1) By Type: Banking, Payment, Insurance, Investment, Lending, Other Types
2) By Technology: Artificial Intelligence (AI), Blockchain, Robotic Process Automation (RPA), Application Programming Interfaces (API), Other Technologies
3) By Application: Fraud Monitoring, KYC Verification, Compliance And Regulatory Support, Other Applications
4) By End-User: Banks, Financial Institutions, Insurance Companies, Other End-Users
Major Driver - The Surge Of Digital Banking And Fintech Synergy
The increase in the shift towards digital banking and payments is expected to propel the growth of fintech as a service market going forward. Digital banking refers to banking done using a digital platform, eliminating all paper-based transactions, including demand drafts, pay-in slips, and checks. Fintech as a Service (FaaS) plays a significant role in digital banking by providing mobile applications, web-based platforms, APIs, and more sophisticated applications that use artificial intelligence and machine learning to provide financial advice. FaaS also offers digital banking solutions, which enable companies to provide their customers with online banking services. For instance, in July 2023, according to a report shared by Finder.com, an Australia-based independent comparison website, an estimated 93% of Brits were using online banking in 2022. Around another 5.3 million Brits (10%) intend to get a digital-only bank account in 2023. By 2028, the number of digital-only bank account holders is predicted to be 22.6 million (43%). Therefore, the increase in the shift towards digital banking and payments is driving the growth of fintech as a service market.
Competitive Landscape:
Major companies operating in the fintech as a service (faas) market report are Stripe Inc., Rapyd Financial Network Ltd., Visa Inc., Mastercard Incorporated, Fiserv Inc., Block Inc., Fidelity National Information Services Inc., Global Payments Inc., NCR Corporation, Broadridge Financial Solutions, Worldline SA, Diebold Nixdorf Incorporated, Coinbase Global Inc, WEX Inc., Jack Henry and Associates Inc., Chime Financial Inc., Finastra, Green Dot Corporation, Envestnet Inc., Adyen NV, Temenos AG, Revolut Ltd., Marqeta Inc., Airwallex Pty Ltd., Plaid Inc., Finix Payments Inc., Square Capital LLC, Dwolla Inc., Synctera Inc., Solid Financial Technologies Inc.
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/fintech-as-a-service-faas-global-market-report
Top Trend - Rising Popularity Of Technological Innovations In Fintech
Technological innovations are a key trend gaining popularity in the fintech as a service market. Major companies operating in the fintech as a service market are focused on innovating technologically advanced solutions to strengthen their position in the market. For instance, in April 2023, Valley National Bank, a US-based regional bank holding company, launched a new fintech innovation platform powered by NayaOne. Through a straightforward and user-friendly onboarding process, the platform is already integrated with the goods and services of numerous financial businesses. It offers a set of tools for producing and using synthetic data, enabling Valley and its fintech partners to quickly test-drive novel solutions in a controlled, secure environment.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Fintech as a Service (FaaS) Market Characteristics
3. Fintech as a Service (FaaS) Market Trends And Strategies
4. Fintech as a Service (FaaS) Market - Macro Economic Scenario
5. Fintech as a Service (FaaS) Market Size And Growth
…..
27. Fintech as a Service (FaaS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Fintech as a Service (FaaS) Market 2024 New Trends, Business Growth, Segmentation And Key Players Analysis Till 2033 here
News-ID: 3387819 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Fintech
EMBank Reinforces Fintech Leadership at Baltic Fintech Days 2025
As fintech innovation accelerates across Europe, Vilnius once again positioned itself as a central hub for forward-thinking financial dialogue during Baltic Fintech Days 2025. Held over two impactful days, the conference attracted over 1,000 stakeholders, bringing together startup leaders, financial institutions, regulators, and technology innovators from across the Baltics and beyond.
The event's agenda was shaped by more than 60 expert speakers who addressed emerging topics such as AI-powered banking, embedded…
Seoul Fintech Lab Accelerates Global Expansion with Participation in Singapore F …
Image: https://www.getnews.info/uploads/5b520c858c856e54cadb7d57558b7209.jpg
Seoul Fintech Lab successfully participated in the Singapore Fintech Festival from November 6 to 8, 2024. The event was organized to promote overseas investment and market entry for its resident, membership, and graduate companies, with a particular focus on Seoul-based fintech companies established within the last seven years.
A total of 10 companies participated in the event. The five resident companies were Antok, Whatssub, Ipxhop, MerakiPlace, and Korea Securities Lending,…
Seoul Fintech Lab and 2nd Seoul Fintech Lab Successfully Participate in Korea Fi …
Seoul Fintech Lab and 2nd Seoul Fintech Lab achieved great success by showcasing innovative solutions from 22 resident companies, attracting approximately 1,000 visitors to their booth during Korea Fintech Week 2024.
Image: https://www.getnews.info/uploads/e73eea3a5c8a6a46e5b43375b2a156be.jpg
Seoul Fintech Lab and the 2nd Seoul Fintech Lab jointly participated in the 'Korea Fintech Week 2024,' held at Dongdaemun Design Plaza (DDP) in Seoul, South Korea, from August 27 to 29. The event was a huge success, with…
FinTech in Insurance
The market for "FinTech in Insurance Market" is examined in this report, along with the factors that are expected to drive and restrain demand over the projected period.
Introduction to FinTech in Insurance Market Insights
The futuristic approach to gathering insights in the FinTech in Insurance sector integrates advanced technologies such as artificial intelligence, big data analytics, and blockchain. These tools enhance data collection from diverse sources, enabling insurers to gain deeper,…
BW Festival Of Fintech: A Comprehensive Fintech Colloquy
Business World’s Festival of Fintech is a two-day informative summit that will inform, illustrate and recognize the changes in the dynamic Fintech industry.
Business World brings forth Festival of Fintech, an exclusive conclave on Fintech innovation and growth on the 12th and 13th of February, 2021. The event will include expert panels and an industry award ceremony that recognizes excellence in all the ambits of the Fintech field.
The…
Bouchard Fintech
Information provided by Bouchard Fintech
The US, at least this current administration, has mystified its European Union business and political partners. The EU represents one of the very largest economies on the planet. The EU is also very much a trusted ally of the US. The EU market continues to be a fertile ground for US exports. So, it was quite a surprise that the US seemed to be picking a…
