出版：MarketsandMarkets（マーケッツアンドマーケッツ） 出版年月：2023年6月
FaaS (Fintech as a Service) 市場 : タイプ（銀行、決済、保険、投資）、テクノロジー（AI、ブロックチェーン、RPA、API）、用途（不正監視、KYC検証、コンプライアンス＆規制サポート）、エンドユーザー、地域別 – 2028年までの世界予測
Fintech as a Service (FaaS) Market by Type (Banking, Payment, Insurance, Investment), Technology (AI, Blockchain, RPA, API), Application (Fraud Monitoring, KYC Verification, Compliance & Regulatory Support), End User & Region – Global Forecast to 2028
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| 種別 | 英文調査報告書 |
| 価格 |
During the forecast period, the global FaaS market is anticipated to experience significant growth, with its market size expected to increase from USD 310.5 billion in 2023 to USD 676.9 billion by 2028, reflecting a robust compound annual growth rate of 16.9%. The growth trajectory of the FaaS market is being influenced by crucial factors driving its expansion. These include the AI and Blockchain technologies fueling the drive for innovation in the business landscape. Furthermore, the growing demand for compliance and regulatory solutions has fueled the adoption of FaaS solutions, providing organizations with the expertise and support needed to mitigate risks.
The increasing use of cloud computing technology has also driven the market, as organizations seek Faas solutions to meet the challenging requirements.
By type, the Payment segment holds the largest market size
The increasing adoption of digital payments and the rise of e-commerce have led to a surge in demand for efficient and secure payment solutions. Additionally, the shift towards cashless transactions and the growing popularity of mobile payment platforms have further propelled the growth of the payments segment. Moreover, advancements in technology, such as real-time payments, mobile wallets, and peer-to-peer transfers, have revolutionized the way people conduct financial transactions, driving the demand for fintech solutions in the payments sector.
Fintech payment solutions have promoted financial inclusion, particularly in underserved or unbanked populations. By leveraging mobile devices and digital platforms, fintech companies have enabled individuals to access financial services and participate in the digital economy. Consumer preferences have shifted towards convenient, fast, and secure payment options. Digital payment solutions are replacing traditional methods such as cash and checks due to their ease of use and accessibility. This has further fueled the growth of the payments segment in the FaaS market.
By technology, the blockchain segment to hold the largest market size during the forecast period
Blockchain provides transparency, immutability, and decentralization, making it highly appealing for fintech applications. These features are particularly beneficial in secure data storage, smart contracts, and digital identity verification. The potential cost savings, efficiency gains, and enhanced security provided by blockchain have propelled its adoption within the fintech sector. Furthermore, blockchain technology has gained significant traction in the financial industry, especially in transactions and settlements. By leveraging blockchain, fintech companies can offer faster, more secure, and cost-effective cross-border payments, remittances, and other financial transactions. The ability to streamline and secure financial operations has contributed to the growing market size of the blockchain segment.
Blockchain eliminates the need for intermediaries in financial transactions, reducing costs and enhancing operational efficiency. This decentralized approach to financial processes appeals to businesses and consumers alike, leading to increased adoption of blockchain solutions within the FaaS market.
By application, KYC verification to have the highest CAGR during the forecast period
Financial authorities across the globe impose strict KYC regulations to combat money laundering, fraud, and illicit activities. Fintech companies offering KYC verification services play a crucial role in helping financial institutions adhere to these regulatory requirements. As the regulatory landscape becomes more complex and stringent, there is a growing need for advanced and efficient KYC solutions, leading to the expansion of the market. Moreover, the increasing incidence of financial crimes and identity theft has necessitated enhanced customer identification and verification processes. Traditional manual methods for KYC checks are time-consuming, prone to errors, and expensive. Fintech companies leverage innovative technologies, such as artificial intelligence, machine learning, and biometric authentication, to provide automated and efficient KYC verification services. These solutions enable faster customer onboarding, reduced costs, and improved accuracy, making them highly attractive to financial institutions seeking streamlined compliance processes. The digital transformation in the financial industry has fueled the demand for remote and online services. With the rise of digital banking, fintech platforms, and mobile applications, there is a need for seamless and frictionless customer onboarding experiences. KYC verification services offered by fintech companies help facilitate secure and convenient customer identification and verification remotely. The combination of regulatory compliance, the need for advanced verification methods, and the demand for seamless digital onboarding experiences have propelled the KYC verification segment to become the largest market within the FaaS industry.
Breakdown of primaries
The study contains various industry experts’ insights, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C-level – 40%, Managerial and other levels– 60%
• By Region: North America – 38%, Asia Pacific – 26%, Europe – 21%, Middle East & Africa – 10%, and Latin America – 5%
Major vendors in the global FaaS market include PayPal (US), Mastercard (US), Fiserv (US), Block (US), Rapyd (UK), Envestnet (US), Upstart (US), Solid Financial Technologies (US), FIS (US), Synctera (US), Stripe (US), Adyen (Netherlands), Dwolla (US), Finastra (UK), Revolut (UK), Fispan (Canada), NIUM (SG), Airwallex (AUS), SoFi (US), Marqeta (US), Finix (US), Synapse (US).
The study includes an in-depth competitive analysis of the key players in the FaaS market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the FaaS market and forecasts its size by Type (Banking, Payment, Insurance, Investment, Lending, and Others), by Technology (AI, Blockchain, RPA, API, and Others), by Application (Fraud Monitoring, KYC Verification, Compliance & Regulatory Support and Others), by End User (Banks, Financial Institutes, Insurance Companies, and Others), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).
The study also includes an in-depth competitive analysis of the market’s key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall FaaS market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (the advent of cloud computing technology enabling flexibility and scalability in operations, driving innovation of AI and Blockchain, growing demand for streamlined compliance and regulatory solutions), restraints (complexity involved in the integration with legacy systems, issues related to the security and privacy of the data, the risk associated with geopolitical and macroeconomic factors), opportunities (increase in the shift towards digital banking and payments, leveraging technology to increase and improve operational efficiency, expansion of cross-border payments and remittances)and challenges (lack of interoperability and standardization, complexity and cost associated with financial regulations, scalability and infrastructure challenges of FaaS)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the FaaS market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the FaaS market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the FaaS market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like PayPal (US), Mastercard (US), Fiserv (US), and Block (US), among others, in the FaaS market.
目次
1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 MARKET SCOPE 26
1.3.1 MARKET SEGMENTATION 27
1.3.2 REGIONS COVERED 27
1.4 YEARS CONSIDERED 28
1.5 CURRENCY CONSIDERED 28
TABLE 1 USD EXCHANGE RATES, 2018–2022 29
1.6 STAKEHOLDERS 29
2 RESEARCH METHODOLOGY 30
2.1 RESEARCH DATA 30
FIGURE 1 FINTECH AS A SERVICE MARKET: RESEARCH DESIGN 30
2.1.1 SECONDARY DATA 31
2.1.2 PRIMARY DATA 31
2.1.2.1 Breakup of primary profiles 32
2.1.2.2 Key industry insights 32
2.2 DATA TRIANGULATION 33
FIGURE 2 RESEARCH FLOW 34
2.3 MARKET SIZE ESTIMATION 34
2.3.1 REVENUE ESTIMATES 35
FIGURE 3 APPROACH (SUPPLY SIDE): REVENUE OF PLATFORMS/SERVICES OF FINTECH AS A SERVICE VENDORS 35
FIGURE 4 SUPPLY-SIDE ANALYSIS APPROACH 36
2.4 MARKET FORECAST 36
TABLE 2 FACTOR ANALYSIS 36
2.5 IMPACT OF RECESSION AND RESEARCH ASSUMPTIONS 37
2.5.1 IMPACT OF RECESSION 37
2.5.2 RESEARCH ASSUMPTIONS 38
2.6 RESEARCH LIMITATIONS 39
3 EXECUTIVE SUMMARY 40
TABLE 3 FINTECH AS A SERVICE MARKET SIZE AND GROWTH RATE, 2017–2022 (USD MILLION, Y-O-Y) 42
TABLE 4 FINTECH AS A SERVICE MARKET SIZE AND GROWTH RATE, 2023–2028 (USD MILLION, Y-O-Y) 42
FIGURE 5 PAYMENT FAAS TO BE LARGEST MARKET IN 2023 42
FIGURE 6 BLOCKCHAIN TO BE LEADING FAAS TECHNOLOGY IN 2023 43
FIGURE 7 COMPLIANCE & REGULATORY SUPPORT TO BE LARGEST APPLICATION IN 2023 43
FIGURE 8 INSURANCE COMPANIES TO BE LEADING END USER IN 2023 44
FIGURE 9 NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE 44
4 PREMIUM INSIGHTS 45
4.1 OPPORTUNITIES FOR FINTECH AS A SERVICE MARKET PLAYERS 45
FIGURE 10 INCREASE IN ADOPTION OF CLOUD COMPUTING AND DEMAND FOR DIGITAL FINANCIAL SERVICES TO DRIVE MARKET GROWTH 45
4.2 FINTECH AS A SERVICE MARKET, BY TYPE 46
FIGURE 11 PAYMENTS TO ACCOUNT FOR LARGEST SHARE AMONG TYPES THROUGH 2028 46
4.3 FINTECH AS A SERVICE MARKET, BY TECHNOLOGY 46
FIGURE 12 BLOCKCHAIN TO INCREASE ITS LEAD OVER OTHER FAAS TECHNOLOGIES BY 2028 46
4.4 FINTECH AS A SERVICE MARKET, BY APPLICATION 47
FIGURE 13 COMPLIANCE & REGULATORY SUPPORT TO REMAIN LARGEST APPLICATION THROUGH 2023 47
4.5 FINTECH AS A SERVICE MARKET, BY END USER 47
FIGURE 14 FINANCIAL INSTITUTES CLOSELY FOLLOW INSURANCE COMPANIES AS LEADING END USERS DURING FORECAST PERIOD 47
4.6 MARKET INVESTMENT SCENARIO 48
FIGURE 15 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS 48
5 MARKET OVERVIEW AND INDUSTRY TRENDS 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
FIGURE 16 FINTECH AS A SERVICE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 49
5.2.1 DRIVERS 50
5.2.1.1 Operational flexibility and scalability with advent of cloud computing technology 50
5.2.1.2 Innovation of AI and blockchain 50
5.2.1.3 Growth in demand for streamlined compliance and regulatory solutions 50
5.2.2 RESTRAINTS 51
5.2.2.1 Complexity involved in integration with legacy systems 51
5.2.2.2 Issues related to data security and privacy 51
5.2.2.3 Risks associated with geopolitical and macroeconomic factors 52
5.2.3 OPPORTUNITIES 52
5.2.3.1 Increase in shift toward digital banking and payments 52
5.2.3.2 Leveraging technology to improve operational efficiency 53
5.2.3.3 Expansion of cross-border payments and remittances 53
5.2.4 CHALLENGES 53
5.2.4.1 Lack of interoperability and standardization 53
5.2.4.2 Complexity and cost associated with financial regulations 54
5.2.4.3 Scalability and infrastructure challenges of FaaS 54
5.3 USE CASES 54
5.3.1 API PORTAL BY FISERV ENHANCED CONSUMER EXPERIENCE FOR VERIDIAN CREDIT UNION 54
5.3.2 PAYMYTUITION EXPANDED ITS GLOBAL FOOTHOLD BY IMPLEMENTING RAPYD’S CROSS-BORDER AND LOCAL PAYMENTS TECHNOLOGY 55
5.3.3 HOME CHEF LEVERAGING PAYPAL CHECKOUT BUTTON TO BOOST NEW CUSTOMER SIGNUPS AND REVENUE 56
5.4 VALUE CHAIN ANALYSIS 57
FIGURE 17 VALUE CHAIN ANALYSIS 58
5.5 ECOSYSTEM ANALYSIS 58
FIGURE 18 ECOSYSTEM ANALYSIS 58
5.6 PORTER’S FIVE FORCES MODEL ANALYSIS 60
FIGURE 19 PORTER’S FIVE FORCE ANALYSIS 60
TABLE 5 IMPACT OF PORTER’S FIVE FORCES ON FINTECH AS A SERVICE MARKET 61
5.6.1 THREAT FROM NEW ENTRANTS 61
5.6.2 THREAT FROM SUBSTITUTES 61
5.6.3 BARGAINING POWER OF SUPPLIERS 61
5.6.4 BARGAINING POWER OF BUYERS 61
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 62
5.7 PRICING MODEL ANALYSIS 62
TABLE 6 FINTECH AS A SERVICE MARKET: PRICING LEVELS 62
5.8 TECHNOLOGY ANALYSIS 63
5.8.1 AI/ML 63
5.8.2 BLOCKCHAIN 63
5.8.3 APPLICATION PROGRAMMING INTERFACES 64
5.8.4 CLOUD COMPUTING 64
5.8.5 BIG DATA ANALYTICS 64
5.8.6 ROBOTIC PROCESS AUTOMATION 65
5.9 TARIFF AND REGULATORY LANDSCAPE 65
5.9.1 PAYMENT CARD INDUSTRY DATA SECURITY STANDARD (PCI–DSS) 65
5.9.2 KNOW YOUR CUSTOMER (KYC) 65
5.9.3 ANTI MONEY LAUNDERING (AML) 66
5.9.4 CONSUMER FINANCIAL PROTECTION BUREAU (CFPB) 66
5.9.5 FINANCIAL STABILITY OVERSIGHT COUNCIL (FSOC) 66
5.9.6 AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION (ASIC) 67
5.9.7 EUROPEAN UNION GENERAL DATA PROTECTION REGULATION (EU GDPR) 67
5.9.8 OFFICE OF THE SUPERINTENDENT OF FINANCIAL INSTITUTIONS (OSFI) 67
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 68
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 68
FIGURE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 68
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 68
5.10.2 BUYING CRITERIA 68
FIGURE 21 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 68
TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 69
5.11 KEY CONFERENCES & EVENTS 69
TABLE 9 KEY CONFERENCES & EVENTS, 2023–2024 69
5.12 PATENT ANALYSIS 70
5.12.1 METHODOLOGY 70
5.12.2 DOCUMENT TYPE 70
TABLE 10 PATENTS FILED, 2013–2023 70
5.12.3 INNOVATION AND PATENT APPLICATIONS 70
FIGURE 22 TOTAL NUMBER OF PATENTS GRANTED, 2013–2023 70
5.12.3.1 Top applicants 71
FIGURE 23 TOP TEN PATENT APPLICANT COMPANIES, 2013–2023 71
TABLE 11 TOP TEN PATENT OWNERS, 2013–2023 71
TABLE 12 LIST OF PATENTS IN FINTECH AS A SERVICE MARKET, 2021–2023 72
5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 72
FIGURE 24 FINTECH AS A SERVICE MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES 72
6 FINTECH AS A SERVICE MARKET, BY TYPE 74
6.1 INTRODUCTION 75
FIGURE 25 BANKING SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 76
TABLE 13 FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 76
TABLE 14 FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 76
6.2 BANKING 77
6.2.1 FINTECH STARTUPS VYING TO CAPTIALIZE ON INTENSE COMPETITION AND MARKET CONSOLIDATION IN BANKING 77
6.2.2 BANKING: MARKET DRIVERS 77
TABLE 15 BANKING: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 77
TABLE 16 BANKING: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 78
6.3 PAYMENTS 78
6.3.1 FINTECH AS A SERVICE BRIDGES GAP BETWEEN TRADITIONAL PAYMENT METHODS AND TECHNOLOGY 78
6.3.2 PAYMENTS: MARKET DRIVERS 78
TABLE 17 PAYMENTS: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 79
TABLE 18 PAYMENTS: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 79
6.4 INSURANCE 79
6.4.1 INCREASE IN CONSUMER DEMAND FOR PERSONALIZED AND CONVENIENT INSURANCE 79
6.4.2 INSURANCE: MARKET DRIVERS 80
TABLE 19 INSURANCE: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 80
TABLE 20 INSURANCE: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 80
6.5 INVESTMENTS 81
6.5.1 EMBRACING SELF-DIRECTED INVESTING WITH FINTECH AS A SERVICE SOLUTIONS 81
6.5.2 INVESTMENTS: MARKET DRIVERS 81
TABLE 21 INVESTMENTS: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 82
TABLE 22 INVESTMENTS: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 82
6.6 LENDING 82
6.6.1 BORROWERS SEEK STREAMLINED LOAN APPLICATION PROCESSES, FASTER APPROVAL, AND MORE FLEXIBLE LENDING TERMS 82
6.6.2 LENDING: MARKET DRIVERS 83
TABLE 23 LENDING: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 83
TABLE 24 LENDING: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 83
6.7 OTHER TYPES 84
6.7.1 OTHER TYPES: MARKET DRIVERS 84
TABLE 25 OTHER TYPES: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 84
TABLE 26 OTHER TYPES: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 85
7 FINTECH AS A SERVICE MARKET, BY TECHNOLOGY 86
7.1 INTRODUCTION 87
FIGURE 26 AI TECHNOLOGY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 87
TABLE 27 FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 88
TABLE 28 FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 88
7.2 AI 88
7.2.1 AUTOMATING TASKS AND INCREASING OPERATIONAL EFFICIENCY THROUGH AI 88
7.2.2 AI: MARKET DRIVERS 89
TABLE 29 AI: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 89
TABLE 30 AI: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 89
7.3 BLOCKCHAIN 90
7.3.1 FACILITATING DIGITIZATION AND AUTOMATION OF TRADE PROCESSES WITH BLOCKCHAIN 90
7.3.2 BLOCKCHAIN: MARKET DRIVERS 90
TABLE 31 BLOCKCHAIN: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 90
TABLE 32 BLOCKCHAIN: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 91
7.4 RPA 91
7.4.1 STREAMLINING COMPLIANCE PROCESSES THROUGH AUTOMATION 91
7.4.2 RPA: MARKET DRIVERS 91
TABLE 33 RPA: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 92
TABLE 34 RPA: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 92
7.5 API 92
7.5.1 STANDARDIZED AND SEAMLESS INTEGRATION OF DIFFERENT APPLICATIONS USING API 92
7.5.2 API: MARKET DRIVERS 93
TABLE 35 API: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 93
TABLE 36 API: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 93
7.6 OTHER TECHNOLOGIES 94
7.6.1 OTHER TECHNOLOGIES: MARKET DRIVERS 94
TABLE 37 OTHER TECHNOLOGIES: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 95
TABLE 38 OTHER TECHNOLOGIES: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 95
8 FINTECH AS A SERVICE MARKET, BY APPLICATION 96
8.1 INTRODUCTION 97
FIGURE 27 KYC VERIFICATION SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 97
TABLE 39 FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 98
TABLE 40 FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 98
8.2 FRAUD MONITORING 98
8.2.1 SHIFT TOWARD DIGITAL TRANSACTIONS INCREASED NEED FOR ROBUST FRAUD MONITORING SOLUTIONS 98
8.2.2 FRAUD MONITORING: MARKET DRIVERS 99
TABLE 41 FRAUD MONITORING: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 99
TABLE 42 FRAUD MONITORING: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 99
8.3 KYC VERIFICATION 100
8.3.1 EFFICIENT CUSTOMER ONBOARDING WITH KYC VERIFICATION-ENABLED SOLUTIONS 100
8.3.2 KYC VERIFICATION: MARKET DRIVERS 100
TABLE 43 KYC VERIFICATION: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 101
TABLE 44 KYC VERIFICATION: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 101
8.4 COMPLIANCE & REGULATORY SUPPORT 101
8.4.1 ADHERENCE TO REGULATORY REQUIREMENTS ENSURED VIA FAAS 101
8.4.2 COMPLIANCE & REGULATORY SUPPORT: MARKET DRIVERS 102
TABLE 45 COMPLIANCE & REGULATORY SUPPORT: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 102
TABLE 46 COMPLIANCE & REGULATORY SUPPORT: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 103
8.5 OTHER APPLICATIONS 103
8.5.1 OTHER APPLICATIONS: MARKET DRIVERS 103
TABLE 47 OTHER APPLICATIONS: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 104
TABLE 48 OTHER APPLICATIONS: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 104
9 FINTECH AS A SERVICE MARKET, BY END USER 105
9.1 INTRODUCTION 106
FIGURE 28 FINANCIAL INSTITUTES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 106
TABLE 49 FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 107
TABLE 50 FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 107
9.2 BANKS 107
9.2.1 COMPETITIVE EDGE OFFERED BY FAAS WITH ABILITY TO ADAPT TO CHANGING MARKET TRENDS 107
9.2.2 BANKS: MARKET DRIVERS 108
TABLE 51 BANKS: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 108
TABLE 52 BANKS: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 108
9.3 FINANCIAL INSTITUTES 109
9.3.1 OFFERING ADVANCED DATA-DRIVEN DECISION-MAKING 109
9.3.2 FINANCIAL INSTITUTES: MARKET DRIVERS 109
TABLE 53 FINANCIAL INSTITUTES: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 110
TABLE 54 FINANCIAL INSTITUTES: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 110
9.4 INSURANCE COMPANIES 110
9.4.1 ENHANCED RISKS ASSESSMENT AND PERSONALIZED CUSTOMER SUPPORT 110
9.4.2 INSURANCE COMPANIES: MARKET DRIVERS 111
TABLE 55 INSURANCE COMPANIES: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 111
TABLE 56 INSURANCE COMPANIES: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 112
9.5 OTHER END USERS 112
9.5.1 OTHER END USERS: MARKET DRIVERS 112
TABLE 57 OTHER END USERS: FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 113
TABLE 58 OTHER END USERS: FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 113
10 FINTECH AS A SERVICE MARKET, BY REGION 114
10.1 INTRODUCTION 115
FIGURE 29 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 115
TABLE 59 FINTECH AS A SERVICE MARKET, BY REGION, 2017–2022 (USD MILLION) 116
TABLE 60 FINTECH AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 116
10.2 NORTH AMERICA 116
10.2.1 NORTH AMERICA: MARKET DRIVERS 117
10.2.2 NORTH AMERICA: RECESSION IMPACT 117
10.2.3 NORTH AMERICA: REGULATORY LANDSCAPE 117
FIGURE 30 NORTH AMERICA: MARKET SNAPSHOT 118
TABLE 61 NORTH AMERICA: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 119
TABLE 62 NORTH AMERICA: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 119
TABLE 63 NORTH AMERICA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 119
TABLE 64 NORTH AMERICA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 120
TABLE 65 NORTH AMERICA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 120
TABLE 66 NORTH AMERICA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 120
TABLE 67 NORTH AMERICA: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 121
TABLE 68 NORTH AMERICA: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 121
TABLE 69 NORTH AMERICA: FINTECH AS A SERVICE MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 121
TABLE 70 NORTH AMERICA: FINTECH AS A SERVICE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 122
10.2.4 US 122
10.2.4.1 Technological advancements with presence of key US vendors offering FaaS solutions 122
TABLE 71 US: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 123
TABLE 72 US: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 123
TABLE 73 US: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 123
TABLE 74 US: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 124
TABLE 75 US: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 124
TABLE 76 US: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 124
TABLE 77 US: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 125
TABLE 78 US: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 125
10.2.5 CANADA 125
10.2.5.1 Rapid growth of digital transformation measures in Canada 125
TABLE 79 CANADA: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 126
TABLE 80 CANADA: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 126
TABLE 81 CANADA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 127
TABLE 82 CANADA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 127
TABLE 83 CANADA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 127
TABLE 84 CANADA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 128
TABLE 85 CANADA: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 128
TABLE 86 CANADA: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 128
10.3 EUROPE 129
10.3.1 EUROPE: MARKET DRIVERS 129
10.3.2 EUROPE: RECESSION IMPACT 129
10.3.3 EUROPE: REGULATORY LANDSCAPE 130
TABLE 87 EUROPE: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 130
TABLE 88 EUROPE: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 131
TABLE 89 EUROPE: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 131
TABLE 90 EUROPE: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 131
TABLE 91 EUROPE: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 132
TABLE 92 EUROPE: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 132
TABLE 93 EUROPE: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 132
TABLE 94 EUROPE: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 133
TABLE 95 EUROPE: FINTECH AS A SERVICE MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 133
TABLE 96 EUROPE: FINTECH AS A SERVICE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 133
10.3.4 UK 134
10.3.4.1 Thriving fintech startup culture in UK 134
TABLE 97 UK: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 134
TABLE 98 UK: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 135
TABLE 99 UK: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 135
TABLE 100 UK: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 135
TABLE 101 UK: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 136
TABLE 102 UK: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 136
TABLE 103 UK: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 136
TABLE 104 UK: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 137
10.3.5 GERMANY 137
10.3.5.1 Advanced infrastructure and robust connectivity in Germany 137
TABLE 105 GERMANY: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 138
TABLE 106 GERMANY: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 138
TABLE 107 GERMANY: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 138
TABLE 108 GERMANY: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 139
TABLE 109 GERMANY: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 139
TABLE 110 GERMANY: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 139
TABLE 111 GERMANY: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 140
TABLE 112 GERMANY: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 140
10.3.6 FRANCE 140
10.3.6.1 Innovation and opportunities revolutionizing financial industry in France 140
TABLE 113 FRANCE: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 141
TABLE 114 FRANCE: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 141
TABLE 115 FRANCE: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 141
TABLE 116 FRANCE: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 142
TABLE 117 FRANCE: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 142
TABLE 118 FRANCE: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 142
TABLE 119 FRANCE: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 143
TABLE 120 FRANCE: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 143
10.3.7 REST OF EUROPE 143
TABLE 121 REST OF EUROPE: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 144
TABLE 122 REST OF EUROPE: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 144
TABLE 123 REST OF EUROPE: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 144
TABLE 124 REST OF EUROPE: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 145
TABLE 125 REST OF EUROPE: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 145
TABLE 126 REST OF EUROPE: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 145
TABLE 127 REST OF EUROPE: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 146
TABLE 128 REST OF EUROPE: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 146
10.4 ASIA PACIFIC 146
10.4.1 ASIA PACIFIC: MARKET DRIVERS 147
10.4.2 ASIA PACIFIC: RECESSION IMPACT 147
10.4.3 ASIA PACIFIC: REGULATORY LANDSCAPE 148
FIGURE 31 ASIA PACIFIC: MARKET SNAPSHOT 149
TABLE 129 ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 150
TABLE 130 ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 150
TABLE 131 ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 150
TABLE 132 ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 151
TABLE 133 ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 151
TABLE 134 ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 151
TABLE 135 ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 152
TABLE 136 ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 152
TABLE 137 ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY COUNTRY, 2017–2022 (USD MILLION) 152
TABLE 138 ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 153
10.4.4 CHINA 153
10.4.4.1 Supportive government policies and technologically advanced infrastructure in China 153
TABLE 139 CHINA: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 154
TABLE 140 CHINA: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 154
TABLE 141 CHINA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 154
TABLE 142 CHINA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 155
TABLE 143 CHINA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 155
TABLE 144 CHINA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 155
TABLE 145 CHINA: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 156
TABLE 146 CHINA: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 156
10.4.5 JAPAN 156
10.4.5.1 Demand for personalized financial service in Japan 156
TABLE 147 JAPAN: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 157
TABLE 148 JAPAN: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 157
TABLE 149 JAPAN: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 158
TABLE 150 JAPAN: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 158
TABLE 151 JAPAN: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 158
TABLE 152 JAPAN: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 159
TABLE 153 JAPAN: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 159
TABLE 154 JAPAN: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 159
10.4.6 INDIA 160
10.4.6.1 Higher adoption of advanced AI and ML-based identity verification solutions 160
TABLE 155 INDIA: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 160
TABLE 156 INDIA: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 161
TABLE 157 INDIA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 161
TABLE 158 INDIA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 161
TABLE 159 INDIA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 162
TABLE 160 INDIA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 162
TABLE 161 INDIA: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 162
TABLE 162 INDIA: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 163
10.4.7 REST OF ASIA PACIFIC 163
TABLE 163 REST OF ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 164
TABLE 164 REST OF ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 164
TABLE 165 REST OF ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 164
TABLE 166 REST OF ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 165
TABLE 167 REST OF ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 165
TABLE 168 REST OF ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 165
TABLE 169 REST OF ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 166
TABLE 170 REST OF ASIA PACIFIC: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 166
10.5 MIDDLE EAST & AFRICA 166
10.5.1 MIDDLE EAST & AFRICA: MARKET DRIVERS 167
10.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 167
10.5.3 MIDDLE EAST & AFRICA: REGULATORY LANDSCAPE 167
TABLE 171 MIDDLE EAST & AFRICA: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 168
TABLE 172 MIDDLE EAST & AFRICA: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 168
TABLE 173 MIDDLE EAST & AFRICA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 169
TABLE 174 MIDDLE EAST & AFRICA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 169
TABLE 175 MIDDLE EAST & AFRICA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 169
TABLE 176 MIDDLE EAST & AFRICA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 170
TABLE 177 MIDDLE EAST & AFRICA: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 170
TABLE 178 MIDDLE EAST & AFRICA: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 170
10.6 LATIN AMERICA 171
10.6.1 LATIN AMERICA: MARKET DRIVERS 171
10.6.2 LATIN AMERICA: RECESSION IMPACT 171
10.6.3 LATIN AMERICA: REGULATORY LANDSCAPE 172
TABLE 179 LATIN AMERICA: FINTECH AS A SERVICE MARKET, BY TYPE, 2017–2022 (USD MILLION) 172
TABLE 180 LATIN AMERICA: FINTECH AS A SERVICE MARKET, BY TYPE, 2023–2028 (USD MILLION) 173
TABLE 181 LATIN AMERICA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 173
TABLE 182 LATIN AMERICA: FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION) 173
TABLE 183 LATIN AMERICA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2017–2022 (USD MILLION) 174
TABLE 184 LATIN AMERICA: FINTECH AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 174
TABLE 185 LATIN AMERICA: FINTECH AS A SERVICE MARKET, BY END USER, 2017–2022 (USD MILLION) 174
TABLE 186 LATIN AMERICA: FINTECH AS A SERVICE MARKET, BY END USER, 2023–2028 (USD MILLION) 175
11 COMPETITIVE LANDSCAPE 176
11.1 OVERVIEW 176
11.2 HISTORICAL REVENUE ANALYSIS 176
FIGURE 32 FIVE-YEAR REVENUE ANALYSIS OF FINTECH AS A SERVICE VENDORS (USD MILLION) 176
11.3 MARKET SHARE ANALYSIS OF LEADING PLAYERS 177
FIGURE 33 FINTECH AS A SERVICE MARKET: REVENUE ANALYSIS, 2022 177
11.4 MARKET STRUCTURE 177
TABLE 187 DEGREE OF COMPETITION 177
11.5 RANKING OF KEY PLAYERS 178
FIGURE 34 RANKING OF KEY FINTECH AS A SERVICE MARKET PLAYERS 178
11.6 KEY COMPANY EVALUATION QUADRANT 178
11.6.1 KEY COMPANY EVALUATION QUADRANT DEFINITIONS AND METHODOLOGY 178
11.7 COMPETITIVE BENCHMARKING OF KEY COMPANIES 179
11.7.1 KEY COMPANY FOOTPRINT 179
TABLE 188 KEY COMPANY REGIONAL FOOTPRINT 179
11.8 COMPETITIVE LEADERSHIP MAPPING 179
11.8.1 STARS 179
11.8.2 EMERGING LEADERS 180
11.8.3 PERVASIVE PLAYERS 180
11.8.4 PARTICIPANTS 180
FIGURE 35 FINTECH AS A SERVICE MARKET: KEY COMPANY EVALUATION QUADRANT 181
11.9 STARTUP/SME EVALUATION QUADRANT 181
11.9.1 PROGRESSIVE COMPANIES 181
11.9.2 RESPONSIVE COMPANIES 182
11.9.3 DYNAMIC COMPANIES 182
11.9.4 STARTING BLOCKS 182
FIGURE 36 FINTECH AS A SERVICE MARKET: STARTUP/SME EVALUATION QUADRANT 182
11.10 COMPETITIVE BENCHMARKING OF STARTUP/SMES 183
TABLE 189 SME/STARTUP COMPANY REGIONAL FOOTPRINT 183
11.11 KEY MARKET DEVELOPMENTS 183
11.11.1 PRODUCT LAUNCHES/ENHANCEMENTS 183
TABLE 190 FINTECH AS A SERVICE MARKET: PRODUCT LAUNCHES/ENHANCEMENTS, SEPTEMBER 2021–MAY 2023 183
11.11.2 DEALS 187
TABLE 191 FINTECH AS A SERVICE MARKET: DEALS, JANUARY 2021–MAY 2023 187
12 COMPANY PROFILES 195
12.1 INTRODUCTION 195
12.2 KEY PLAYERS 195
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.2.1 PAYPAL 195
TABLE 192 PAYPAL: BUSINESS OVERVIEW 196
FIGURE 37 PAYPAL: COMPANY SNAPSHOT 196
TABLE 193 PAYPAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 197
TABLE 194 PAYPAL: PRODUCT LAUNCHES/ENHANCEMENTS 198
TABLE 195 PAYPAL: DEALS 199
12.2.2 MASTERCARD 201
TABLE 196 MASTERCARD: BUSINESS OVERVIEW 201
FIGURE 38 MASTERCARD: COMPANY SNAPSHOT 202
TABLE 197 MASTERCARD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 202
TABLE 198 MASTERCARD: PRODUCT LAUNCHES/ENHANCEMENTS 204
TABLE 199 MASTERCARD: DEALS 204
12.2.3 FISERV 206
TABLE 200 FISERV: BUSINESS OVERVIEW 206
FIGURE 39 FISERV: COMPANY SNAPSHOT 207
TABLE 201 FISERV: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207
TABLE 202 FISERV: PRODUCT LAUNCHES/ENHANCEMENTS 209
TABLE 203 FISERV: DEALS 209
12.2.4 BLOCK 211
TABLE 204 BLOCK: BUSINESS OVERVIEW 211
FIGURE 40 BLOCK: COMPANY SNAPSHOT 212
TABLE 205 BLOCK: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212
TABLE 206 BLOCK: PRODUCT LAUNCHES/ENHANCEMENTS 214
TABLE 207 BLOCK: DEALS 215
12.2.5 RAPYD 216
TABLE 208 RAPYD: BUSINESS OVERVIEW 216
TABLE 209 RAPYD: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216
TABLE 210 RAPYD: PRODUCT LAUNCHES/ENHANCEMENTS 218
TABLE 211 RAPYD: DEALS 219
12.2.6 ENVESTNET 221
TABLE 212 ENVESTNET: BUSINESS OVERVIEW 221
FIGURE 41 ENVESTNET: COMPANY SNAPSHOT 222
TABLE 213 ENVESTNET: PRODUCTS/SOLUTIONS/SERVICES OFFERED 222
TABLE 214 ENVESTNET: PRODUCT LAUNCHES/ENHANCEMENTS 223
TABLE 215 ENVESTNET: DEALS 224
12.2.7 UPSTART 225
TABLE 216 UPSTART: BUSINESS OVERVIEW 225
FIGURE 42 UPSTART: COMPANY SNAPSHOT 226
TABLE 217 UPSTART: PRODUCTS/SOLUTIONS/SERVICES OFFERED 226
TABLE 218 UPSTART: PRODUCT LAUNCHES/ENHANCEMENTS 227
TABLE 219 UPSTART: DEALS 228
12.2.8 SOLID FINANCIAL 230
TABLE 220 SOLID FINANCIAL: BUSINESS OVERVIEW 230
TABLE 221 SOLID FINANCIAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 231
TABLE 222 SOLID FINANCIAL: PRODUCT LAUNCHES/ENHANCEMENTS 232
TABLE 223 SOLID FINANCIAL: DEALS 232
12.2.9 FIS 233
TABLE 224 FIS: BUSINESS OVERVIEW 233
FIGURE 43 FIS: COMPANY SNAPSHOT 234
TABLE 225 FIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234
TABLE 226 FIS: PRODUCT LAUNCHES/ENHANCEMENTS 237
TABLE 227 FIS: DEALS 237
12.2.10 SYNCTERA 240
TABLE 228 SYNCTERA: BUSINESS OVERVIEW 240
TABLE 229 SYNCTERA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 240
TABLE 230 SYNCTERA: PRODUCT LAUNCHES/ENHANCEMENTS 242
TABLE 231 SYNCTERA: DEALS 242
12.3 OTHER KEY PLAYERS 244
12.3.1 STRIPE 244
12.3.2 ADYEN 245
12.3.3 DWOLLA 246
12.3.4 FINASTRA 247
12.3.5 REVOLUT 248
12.3.6 FISPAN 249
12.3.7 NIUM 250
12.3.8 AIRWALLEX 251
12.3.9 SOFI TECHNOLOGIES INC 252
12.3.10 MARQETA 253
12.3.11 FINIX 254
12.3.12 SYNAPSE 255
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 ADJACENT MARKETS 256
13.1 INTRODUCTION TO ADJACENT MARKETS 256
13.2 NLP IN FINANCE MARKET 256
13.2.1 MARKET DEFINITION 256
13.2.2 MARKET OVERVIEW 256
13.2.2.1 NLP in Finance Market, by Offering 257
TABLE 232 NLP IN FINANCE MARKET, BY OFFERING, 2019–2022 (USD MILLION) 257
TABLE 233 NLP IN FINANCE MARKET, BY OFFERING, 2023–2028 (USD MILLION) 257
13.2.2.2 NLP in Finance Market, by Software Type 257
13.2.2.3 NLP in Finance Market, by Service 257
13.2.2.4 NLP in Finance Market, by Professional Service 258
13.2.2.5 NLP in Finance Market, by Technology 258
13.3 DIGITAL PAYMENTS MARKET 258
13.3.1 MARKET DEFINITION 258
13.3.2 MARKET OVERVIEW 258
13.3.2.1 Digital Payment Market, by Component 259
TABLE 234 DIGITAL PAYMENT MARKET, BY COMPONENT, 2016–2020 (USD MILLION) 259
TABLE 235 DIGITAL PAYMENT MARKET, BY COMPONENT, 2021–2026 (USD MILLION) 259
13.3.2.2 Digital Payment Market, by Solution 259
13.3.2.3 Digital Payment Market, by Service 259
13.3.2.4 Digital Payment Market, by Deployment Type 260
13.3.2.5 Digital Payment Market, by Organization Size 260
TABLE 236 DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 260
TABLE 237 DIGITAL PAYMENT MARKET, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 260
14 APPENDIX 261
14.1 DISCUSSION GUIDE 261
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 265
14.3 CUSTOMIZATION OPTIONS 267
14.4 RELATED REPORTS 267
14.5 AUTHOR DETAILS 268