The Europe Banking-as-a-Service Market would witness market growth of 15.3% CAGR during the forecast period (2022-2028).
Retail banking is rapidly changing as a result of this API technology, which is also changing how incumbents & customers interact. Technologically advanced legacy banks that create their own BaaS platforms will create a new revenue stream by monetizing their platforms in addition to seizing the open banking opportunity before their competitors. In recent years, traditional banks have slowly begun to replace their reliance on paper with a more secure, digital administration of their business.
The number of non-finance & newer fintech companies offering consumers more individualized services has significantly increased as a result of the risk associated with obtaining banking licenses. Additionally, governments all over the world are constantly urging companies that offer digital financial services to enhance their product lines, which is anticipated to accelerate industry growth. BaaS is made possible by the simple integration of financial services & products into other consumer activities, frequently on non-financial digital platforms.
One of the major hubs for financial services in the world is in the United Kingdom, and fintech is one of its most rapidly expanding industries. In the United Kingdom, digital banking ecosystems are starting to flourish. The UK has an advantage over other Western nations in a number of digital areas due to early legislation & adoption of open banking and the subsequent rise of fintech disruptors.
The Germany market dominated the Europe Banking-as-a-Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,309.8 million by 2028.The UK market is anticipated to grow at a CAGR of 14.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 16.2% during (2022 - 2028).
Based on Component, the market is segmented into Platform and Services. Based on End User, the market is segmented into Banks, NBFC, Government and Others. Based on Organization size, the market is segmented into Large Enterprises and SMEs. Based on Product Type, the market is segmented into Cloud-Based and API-Based. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Banking-as-a-Service Market will Hit $51.2 Billion by 2028, at a CAGR of 15.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Green Dot Corporation, PayPal Holdings, Inc., Block, Inc., Sopra Steria Group SA, Moven Enterprises, Solarisbank AG, The Currency Cloud Limited, Treezor SAS, Bnkbl Ltd., and MatchMove Pay Pte. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
By End User
- Banks
- NBFC
- Government
- Others
By Organization size
By Product Type
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Green Dot Corporation
- PayPal Holdings, Inc.
- Block, Inc.
- Sopra Steria Group SA
- Moven Enterprises
- Solarisbank AG
- The Currency Cloud Limited
- Treezor SAS
- Bnkbl Ltd.
- MatchMove Pay Pte. Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Banking-as-a-Service Market, by Component
1.4.2 Europe Banking-as-a-Service Market, by End User
1.4.3 Europe Banking-as-a-Service Market, by Organization size
1.4.4 Europe Banking-as-a-Service Market, by Product Type
1.4.5 Europe Banking-as-a-Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jan – 2022, Mar) Leading Players
Chapter 4. Europe Banking-as-a-Service Market by Component
4.1 Europe Platform Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Banking-as-a-Service Market by End-use
5.1 Europe Banks Market by Country
5.2 Europe NBFC Market by Country
5.3 Europe Government Market by Country
5.4 Europe Other End-use Market by Country
Chapter 6. Europe Banking-as-a-Service Market by Organization size
6.1 Europe Large Enterprises Market by Country
6.2 Europe SMEs Market by Country
Chapter 7. Europe Banking-as-a-Service Market by Product Type
7.1 Europe Cloud-Based Market by Country
7.2 Europe API-Based Market by Country
Chapter 8. Europe Banking-as-a-Service Market by Country
8.1 Germany Banking-as-a-Service Market
8.1.1 Germany Banking-as-a-Service Market by Component
8.1.2 Germany Banking-as-a-Service Market by End-use
8.1.3 Germany Banking-as-a-Service Market by Organization size
8.1.4 Germany Banking-as-a-Service Market by Product Type
8.2 UK Banking-as-a-Service Market
8.2.1 UK Banking-as-a-Service Market by Component
8.2.2 UK Banking-as-a-Service Market by End-use
8.2.3 UK Banking-as-a-Service Market by Organization size
8.2.4 UK Banking-as-a-Service Market by Product Type
8.3 France Banking-as-a-Service Market
8.3.1 France Banking-as-a-Service Market by Component
8.3.2 France Banking-as-a-Service Market by End-use
8.3.3 France Banking-as-a-Service Market by Organization size
8.3.4 France Banking-as-a-Service Market by Product Type
8.4 Russia Banking-as-a-Service Market
8.4.1 Russia Banking-as-a-Service Market by Component
8.4.2 Russia Banking-as-a-Service Market by End-use
8.4.3 Russia Banking-as-a-Service Market by Organization size
8.4.4 Russia Banking-as-a-Service Market by Product Type
8.5 Spain Banking-as-a-Service Market
8.5.1 Spain Banking-as-a-Service Market by Component
8.5.2 Spain Banking-as-a-Service Market by End-use
8.5.3 Spain Banking-as-a-Service Market by Organization size
8.5.4 Spain Banking-as-a-Service Market by Product Type
8.6 Italy Banking-as-a-Service Market
8.6.1 Italy Banking-as-a-Service Market by Component
8.6.2 Italy Banking-as-a-Service Market by End-use
8.6.3 Italy Banking-as-a-Service Market by Organization size
8.6.4 Italy Banking-as-a-Service Market by Product Type
8.7 Rest of Europe Banking-as-a-Service Market
8.7.1 Rest of Europe Banking-as-a-Service Market by Component
8.7.2 Rest of Europe Banking-as-a-Service Market by End-use
8.7.3 Rest of Europe Banking-as-a-Service Market by Organization size
8.7.4 Rest of Europe Banking-as-a-Service Market by Product Type
Chapter 9. Company Profiles
9.1 Green Dot Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.4.2 Product Launches and Product Expansions:
9.2 PayPal Holdings, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Acquisition and Mergers:
9.3 Block, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Acquisition and Mergers:
9.4 Sopra Steria Group SA (Fidor Solutions AG)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Recent strategies and developments:
9.4.4.1 Acquisition and Mergers:
9.5 Moven Enterprise
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Partnerships, Collaborations, and Agreements:
9.5.2.2 Geographical Expansions:
9.6 Solaris Group
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.2.2 Geographical Expansions:
9.7 The Currency Cloud Limited
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.2.2 Product Launches and Product Expansions:
9.7.2.3 Geographical Expansions:
9.8 Treezor SAS
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Bnkbl Ltd.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.10. MatchMove Pay Pte Ltd.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Acquisition and Mergers:
TABLE 1 Europe Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 2 Europe Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Banking-as-a-service Market
TABLE 4 Product Launches And Product Expansions – Banking-as-a-service Market
TABLE 5 Acquisition and Mergers – Banking-as-a-service Market
TABLE 6 Geographical Expansions – Banking-as-a-service Market
TABLE 7 Europe Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 8 Europe Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 9 Europe Platform Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Platform Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 14 Europe Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 15 Europe Banks Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Banks Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe NBFC Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe NBFC Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Government Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Government Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Other End-use Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Other End-use Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 24 Europe Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 25 Europe Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe SMEs Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe SMEs Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 30 Europe Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 31 Europe Cloud-Based Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Cloud-Based Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe API-Based Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe API-Based Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Banking-as-a-Service Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Banking-as-a-Service Market by Country, 2022 - 2028, USD Million
TABLE 37 Germany Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 38 Germany Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 39 Germany Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 40 Germany Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 41 Germany Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 42 Germany Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 43 Germany Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 44 Germany Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 45 Germany Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 46 Germany Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 47 UK Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 48 UK Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 49 UK Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 50 UK Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 51 UK Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 52 UK Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 53 UK Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 54 UK Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 55 UK Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 56 UK Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 57 France Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 58 France Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 59 France Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 60 France Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 61 France Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 62 France Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 63 France Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 64 France Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 65 France Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 66 France Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 67 Russia Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 68 Russia Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 69 Russia Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 70 Russia Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 71 Russia Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 72 Russia Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 73 Russia Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 74 Russia Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 75 Russia Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 76 Russia Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 77 Spain Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 78 Spain Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 79 Spain Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 80 Spain Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 81 Spain Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 82 Spain Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 83 Spain Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 84 Spain Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 85 Spain Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 86 Spain Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 87 Italy Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 88 Italy Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 89 Italy Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 90 Italy Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 91 Italy Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 92 Italy Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 93 Italy Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 94 Italy Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 95 Italy Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 96 Italy Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 97 Rest of Europe Banking-as-a-Service Market, 2018 - 2021, USD Million
TABLE 98 Rest of Europe Banking-as-a-Service Market, 2022 - 2028, USD Million
TABLE 99 Rest of Europe Banking-as-a-Service Market by Component, 2018 - 2021, USD Million
TABLE 100 Rest of Europe Banking-as-a-Service Market by Component, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Banking-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 102 Rest of Europe Banking-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 103 Rest of Europe Banking-as-a-Service Market by Organization size, 2018 - 2021, USD Million
TABLE 104 Rest of Europe Banking-as-a-Service Market by Organization size, 2022 - 2028, USD Million
TABLE 105 Rest of Europe Banking-as-a-Service Market by Product Type, 2018 - 2021, USD Million
TABLE 106 Rest of Europe Banking-as-a-Service Market by Product Type, 2022 - 2028, USD Million
TABLE 107 Key Information – Green Dot Corporation
TABLE 108 Key Information – PayPal Holdings, Inc.
TABLE 109 Key information – Block, Inc.
TABLE 110 Key Information – Sopra Steria Group SA
TABLE 111 Key Information – Moven Enterprises
TABLE 112 Key Information – Solaris Group
TABLE 113 Key Information – The Currency Cloud Limited
TABLE 114 Key Information – TREEZOR SAS
TABLE 115 Key Information – Bnkbl Ltd
TABLE 116 Key Information – MatchMove Pay Pte Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jan – 2022, Mar) Leading Players
FIG 5 Recent strategies and developments: PayPal Holdings, Inc.
FIG 6 Recent strategies and developments: The Currency Cloud Limited