DUBLIN–(BUSINESS WIRE)–“Global Fintech-as-a-Service Market Size, Share & Trends Analysis Report by Type (Payment, Fund Transfer, Loan), by Technology (Artificial Intelligence, Blockchain), by Application, by End-use, by Region – and segment forecasts, 2022-2030” report has been added ResearchAndMarkets.com’s Offering.
The global fintech-as-a-service market is expected to reach USD 949.49 billion by 2030, growing at a CAGR of 17.2% from 2022 to 2030.
Companies mentioned
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PayPal Holdings, Inc.
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Block, Inc.
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Mastercard Incorporated
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Envestnet, Inc.
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Upstart Holdings, Inc.
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Rapyd Financial Network Ltd.
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Solid Financial Technologies, Inc.
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Railsbank Technology Ltd.
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Syncetera Inc.
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Braintree
The growing use of financial technology-based solutions and platforms globally is expected to drive growth in the market. The growing use of artificial intelligence, cloud-based software and big data integrated with financial services is expected to drive the growth of the fintech-as-a-service market.
The increasing use of smartphones for online transactions and fintech-related services through digital platforms is expected to drive the growth of the market. For example, about 44% of payments were made through a mobile app, according to statistics provided by Emizentech. Additionally, according to a recent study conducted by Tipalti Inc., 64% of consumers worldwide will use one or more fintech platforms as a service as of 2021.
The investments in financial technology companies are estimated to generate opportunities for market growth over the forecast period. For example, an API developer, Railsbank Technology Ltd, raised US$70 million in a fundraising event led by Anthos Capital, a US-based investment firm, in July 2021. The funds were to be used to develop the company’s Fintech-as-a service platform and for to provide customers with various product development solutions.
The outbreak of the COVID-19 pandemic is expected to play a crucial role in driving the growth of the Fintech-as-a-Service platform market over the forecast period. The growing demand for digital financial services increased drastically during the pandemic. Financial institutions and banks looked at innovative ways to offer their services online during the pandemic which fueled the growth of the market.
Highlights of the Fintech-as-a-Service Market Report
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The fund transfer segment is expected to witness the fastest growth during the forecast period. Fund transfer apps and software being introduced like Meta Pay by some of the major companies worldwide are expected to drive the growth of the segment
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The artificial intelligence segment is expected to witness the fastest growth over the forecast period. The segment growth is attributed to the growing use of AI among various SMEs worldwide for digital payment solutions
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The KYC verification segment is expected to witness the fastest growth during the forecast period. The increasing fraud activities such as ransomware and identity theft is one of the main factors driving the growth in 2021
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The insurance segment is expected to witness the fastest growth during the forecast period. In order to keep pace with consumers’ changing preferences, insurance companies offer flexible term products and adapt the offers to the customers’ needs. With this changing trend, insurers are adopting the Fintech-as-a-Service platform that is driving growth
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Asia Pacific is expected to witness the fastest growth during the forecast period. The growing demand for technology-based payment platforms across the region is expected to play a crucial role in driving the growth of the regional market
Key topics covered:
Chapter 1 Methodology and scope
Chapter 2 Summary
Chapter 3 Fintech-as-a-Service Industry Outlook
3.1 Market segmentation and scope
3.2 Market size and growth prospects
3.3 Fintech-as-a-Service market – value chain analysis
3.4 Fintech-as-a-Service Market – Market dynamics
3.4.1 Market driver analysis
3.4.1.1 Technological improvements in the Fintech sector
3.4.1.2 Increasing demands from venture capital companies in the Fintech sector
3.4.2 Market challenge analysis
3.4.2.1 Security issues related to Fintech-as-a-Service
3.5 Mapping penetration and growth prospects
3.6 Fintech-as-a-Service Market – Porter’s Five Forces Analysis
3.7 Fintech-as-a-Service Market – PESTEL Analysis
Chapter 4 FinTech Industry Highlights
4.1 Investor strategies
4.2 Investor vision and target analysis
4.3 Funding collected in voice assistant units
4.4 Investments made in self-checkout stores
Chapter 5 Investment landscape analysis
5.1 FinTech Ecosystem Overview
5.2 Overview of FinTech Services
5.3 Total FinTech Investment, 2017-2021 ($Billion)
5.4 FinTech Regulatory Outlook
5.5 FinTech Company Analysis – GVR DashBoard (Top 50 Companies)
Chapter 6 Fintech-as-a-Service Type Outlook
Chapter 7 Fintech-as-a-Service Technology Outlook
Chapter 8 Fintech-as-a-Service Application Outlook
Chapter 9 Fintech-as-a-Service End Use Outlook
Chapter 10 Fintech-as-a-Service Regional Outlook
Chapter 11 Competitive analysis
Chapter 12 Competitive landscape
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