Dublin, Dec. 14, 2022 (GLOBE NEWSWIRE) — “LAMEA Fintech-as-a-Service Market Size, Share & Industry Trends Analysis Report By Technology (Blockchain, API, Artificial Intelligence, RPA), By End Use, By Type, by Application, by Country and Growth Forecast, 2022 – 2028” report has been added ResearchAndMarkets.com’s Offering.
The Fintech-as-a-Service market in Latin America, Middle East and Africa is expected to witness a market growth of 20.2% CAGR during the forecast period (2022-2028).
Fintech-as-a-Service streamlines financial operations by automating them, doing away with tedious paperwork and minimizing human involvement. Working time is freed up for other valuable tasks due to robotic automation. Streamlined processes, detailed document analysis and fast results were the result. Companies can dramatically reduce the processing time of the entire financial process and improve the customer experience by incorporating Fintech-as-a-Service.
Rapyd, a FinTech payments and banking services company headquartered in London, has experienced rapid expansion recently. The business provides subscribers with complete financial management, money transfer and payment services using a simple, scalable and Application Programming Interface (API). API acts as a link between cutting-edge technology and legacy systems. The rapid expansion of Rapyd is evidence of the widespread acceptance of Fintech-as-a-Service.
FinTech firms have the agility, speed and skills to seize the benefits of new technologies and turn them into the new services that consumers now need. Recently, researchers have become more and more interested in the FinTech industry. As a result, FinTech has enormous potential to promote financial inclusion and prevent it. Succeeding in this market is expected to be difficult due to the fierce competition between current suppliers, leaving current and future suppliers with no choice but to work together.
Fintech solutions for healthcare, verticalisation of healthcare and changes in how and where individuals pay for healthcare are all topics of increasing interest in the area. The growth of e-commerce, acceptance of digital payments, increasing investment in blockchain technology and the effects of COVID-19 are all expected to have a significant impact on the market. When it comes to fintech, Dubai and Bahrain are the most developed nations in the region. For example, IBM and Dubai’s AI Roadmap collaborated to establish the first ever AI lab. This collaboration has harnessed the power of machine learning and AI for services and experiences related to community and government functions.
Scope of the study
Market segments covered in the report:
Of technology
- Blockchain
- API
- Artificial intelligence
- RPA
- Second
At end use
- Insurance
- Bank
- Financial loan companies
- Second
By type
- payment
- Transfer of funds
- Borrow
- Second
Upon application
- Compliance and regulatory support
- KYC verification
- Fraud monitoring
- Second
By country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- The rest of LAMEA
Important market players
List of companies profiled in the report:
- PayPal Holdings, Inc.
- Mastercard, Inc.
- Upstart Network, Inc.
- Block, Inc.
- Envestnet, Inc.
- SoFi Technologies, Inc.
- Rapyd Financial Network Ltd.
- Solid Financial Technologies, Inc.
- Synctera Inc.
- Railsbank Technology Ltd. (Railsr)
Key topics covered:
Chapter 1. Market scope and methodology
Chapter 2. Market overview
Chapter 3. Competitive analysis – Global
Chapter 4. LAMEA Fintech-as-a-Service Market by Technology
Chapter 5. LAMEA Fintech-as-a-Service Market by End Use
Chapter 6. LAMEA Fintech-as-a-Service Market by Type
Chapter 7. LAMEA Fintech-as-a-Service Market by Application
Chapter 8. LAMEA Fintech-as-a-Service Market by Country
Chapter 9. Company profiles
Companies mentioned
- PayPal Holdings, Inc.
- Mastercard, Inc.
- Upstart Network, Inc.
- Block, Inc.
- Envestnet, Inc.
- SoFi Technologies, Inc.
- Rapyd Financial Network Ltd.
- Solid Financial Technologies, Inc.
- Synctera Inc.
- Railsbank Technology Ltd. (Railsr)
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