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Global Banking-as-a-Service Market: 2024-2028 Market Trends & Strategy

Publisher Juniper Research
Published Apr 22, 2024
Length 49 Pages
SKU # JNRH19878145

Description

This report examines the Banking-as-a-Service market landscape in detail; assessing market trends and factors shaping the evolution of this rapidly growing market. The report delivers comprehensive analysis of the strategic opportunities for BaaS providers; addressing key verticals and developing challenges, and how financial institutions and non-financial businesses should navigate these. It also Includes evaluation of key country-level opportunities for BaaS deployment and growth.

Please note: the online download version of this report is for a global site license.

Table of Contents

49 Pages
1. Banking-as-a-Service: Key Takeaway & Strategic Recommendations
1.1 Key Takeaways
1.1.1 Regulatory Scrutiny on BaaS Has Raised the Cost of Compliance
1.1.2 Wealth Management & Savings Accounts Have the Most Potential
1.1.3 Increased Digital Banking Adoption and Enhanced Personalisation
1.2 Strategic Recommendations
1.2.1 Traditional Banks Must Offer BaaS to Remain Competitive
1.2.2 Rapidly Expand Product Portfolios by Scouting for Partnerships with a Diverse Range of Technology Partners
1.2.3 Encourage Adoption of AI-driven Regtech to Enhance Security
2. Banking-as-a-Service - Market Landscape
2.1 Introduction
2.1.1 Definitions & Scope
2.1.2 Functionalities of BaaS
Figure 2.1: BaaS Concept Outline
Figure 2.2: How APIs Work
2.2 Current Market Landscape
2.2.1 BaaS versus BaaP
Figure 2.3: BaaS versus BaaP
2.2.2 BaaS & Open Banking
Figure 2.4: How Open Banking Works
2.2.3 How Is BaaS Offered?
Figure 2.5: How Is BaaS Offered?
2.2.4 BaaS Applications: Product Offerings
Figure 2.6: BaaS Core Product Offerings
i. Payment Processing
ii. Account Management
iii. Cards Issuing
iv. Wealth Management & Savings
v. Onboarding
vi. Lending
vii. Loyalty & Rewards
viii. Compliance and Regulatory Support
ix. Accounting Services
x. Customer Support
2.2.5 BaaS Applications: Effective Use Cases
Figure 2.7: BaaS Platform Industry Applications
i. Fintech Startups
ii. eCommerce Platforms
iii. Retail and Consumer Goods
iv. Gig Economy and Freelance Platforms
v. Insurance
vi. Travel and Hospitality
vii. Property Tech
viii. HR Tech
2.2.6 Banking-as-a-Service Regulations
i. PSD2 (EU)
ii. Open Banking (UK)
iii. US
iv. Open Banking (Brazil)
v. Consumer Data Right Rules (Australia)
vi. Unified Payments Interface (India)
FINTECH & PAYMENTS
vii. Open API Framework (Hong Kong)
viii. The Future of Open Banking
2.3 Current Trends
2.3.1 Increase in Digital Payments
Figure 2.8: Smartphone Penetration in 2024 (%), Split by the Top 25 Countries
2.3.2 Embedded Finance: Superapps
Figure 2.9: Embedded Finance Segments by Market Prospects
2.3.3 Integration with AI
2.4 Technological Approach Assessment
2.4.1 BaaS Technological Approach Assessment
i. APIs
Figure 2.10: Distribution of APIs by Product Area
ii. Cloud Computing
2.5 Future Outlook
2.5.1 BaaS for BNPL & POS Financing
2.5.2 B2B BaaS
2.5.3 Monetisation Opportunities
3. Banking-as-a-Service: Segment Analysis
3.1 Introduction
3.1.1 Small/Medium Enterprises
3.1.2 Large Enterprises
3.1.3 Fintechs
3.1.4 Banks
3.1.5 Consumers
4. Country Readiness Index & Regional Analysis
4.1.1 Country Readiness Index
Figure 4.1: Juniper Research’s: 8 Key Regions Definitions
Table 4.2: Juniper Research’s BaaS Country Readiness Index: Scoring Criteria ..
Figure 4.3: Juniper Research BaaS Country Readiness Index
Figure 4.4: Juniper Research Competitive Web: BaaS Regional Opportunities
4.1.2 North America
Figure 4.5: Total Number of Banked Individuals with Current/Checking Accounts Accessed via BaaS in North America (m), 2024
i. US
4.1.3 Latin America
Figure 4.6: Total BaaS Platform Revenue ($m), Split by Select Countries in Latin America, 2024
i. Brazil
4.1.4 West Europe
Figure 4.7: Total BaaS Platform Revenue ($m), Split by Select Countries in West Europe, 2024
i. France
ii. Germany
iii. UK
4.1.5 Central & East Europe
Figure 4.8: Total BaaS Platform Revenue ($m), Split by Select Countries, 2023-2028
4.1.6 Far East & China
Figure 4.9: Total BaaS Platform Revenue in the Far East & China ($m), Split by Select Countries, 2024
4.1.7 Indian Subcontinent
Figure 4.10: Total BaaS Platform Revenue in Indian Subcontinent ($m), Split by Select Countries, 2023-2028
4.1.8 Rest of Asia Pacific
Figure 4.11: Total BaaS Platform Revenue in Rest of Asia Pacific ($m), Split by Select Countries, 2024
4.1.9 Africa & Middle East
Figure 4.12: Total BaaS Platform Revenue in Africa & Middle East ($m), Split by Select Countries, 2023-2028
4.1.10 BaaS Regional Opportunities: Heatmap Analysis Results
Table 4.13: Juniper Research Country Readiness Index: North America
Table 4.14: Juniper Research Country Readiness Index: Latin America
Table 4.15: Juniper Research Country Readiness Index: West Europe
Table 4.16: Juniper Research Country Readiness Index: Central & East Europe .
Table 4.17: Juniper Research Country Readiness Index: Far East & China
Table 4.18: Juniper Research Country Readiness Index: Indian Subcontinent
Table 4.19: Juniper Research Country Readiness Index: Rest of Asia Pacific
Table 4.20: Juniper Research Country Readiness Index: Africa & Middle East

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