The Europe Open Banking Market would witness market growth of 23.9% CAGR during the forecast period (2022-2028).
Open banking could assist lenders in obtaining a more precise picture of a customer's financial status and risk tolerance through the usage of networked accounts in order to provide more advantageous lending terms. Before taking on debt, it might also enable customers to gain a more accurate view of their personal financial situation. An open banking application for users who need to purchase a home might automatically determine what users can afford depending on all the data in their accounts, perhaps giving a more accurate picture than the current mortgage lending rules.
Through voice instructions, a different program might enable visually challenged users to grasp their money better. Through online accounting, open banking can also assist small businesses to save time. It can also enable fraud detection organizations better monitor client information and accounts as well as spot issues earlier. By giving customers simple access, the open banking API offers a special method to better serve their needs. The banking and financial company offers its own application programming interfaces (APIs), which enable third parties and banks to offer cutting-edge services and further offer an anticipated rise in financial revenue.
PSD2/Open Banking was first used in Europe when PSD2 took effect and significantly transformed the way of operation of regional open banking service providers. The UK's efforts began with the development of the UK Open Banking standard, which includes technical requirements, security profiles, and customer experience recommendations, as well as compliance and certification procedures. When Nordea made its APIs available to developers and gave pilot program participants access to actual customer data, the trend swiftly spread throughout the Nordic nations. Therefore, the growth of the regional open banking market is increasing.
The Germany market dominated the Europe Open Banking Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,911.8 million by 2028. The UK market is anticipated to grow at a CAGR of 22.8% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 24.8% during (2022 - 2028).
Based on Deployment, the market is segmented into On-premise and Cloud. Based on Distribution Channel, the market is segmented into App Markets, Bank Channels, Distributors, and Aggregators. Based on Services, the market is segmented into Banking & Capital Markets, Payments, Digital Currencies, and Value-added Services. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Open Banking Market will Hit $75.7 Billion by 2028, at a CAGR of 24.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Banco Bilbao Vizcaya Argentaria SA, Finastra Group Holdings Limited, NCR Corporation, Crédit Agricole CIB, Demyst Data, Ltd., Finleap connect GmbH, FormFree Holdings Corporation, Jack Henry & Associates, Inc., Mambu B.V, and MineralTree, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Deployment
By Distribution Channel
- App Markets
- Bank Channels
- Distributors
- Aggregators
By Services
- Banking & Capital Markets
- Payments
- Digital Currencies
- Value Added Services
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Banco Bilbao Vizcaya Argentaria SA
- Finastra Group Holdings Limited
- NCR Corporation
- Crédit Agricole CIB
- Demyst Data, Ltd.
- Finleap connect GmbH
- FormFree Holdings Corporation
- Jack Henry & Associates, Inc.
- Mambu B.V
- MineralTree, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Open Banking Market, by Deployment
1.4.2 Europe Open Banking Market, by Distribution Channel
1.4.3 Europe Open Banking Market, by Services
1.4.4 Europe Open Banking 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 and 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: 2019, Apr – 2022, Jul) Leading Players
Chapter 4. Europe Open Banking Market by Deployment
4.1 Europe On-premise Market by Country
4.2 Europe Cloud Market by Country
Chapter 5. Europe Open Banking Market by Distribution Channel
5.1 Europe App Markets Market by Country
5.2 Europe Bank Channels Market by Country
5.3 Europe Distributors Market by Country
5.4 Europe Aggregators Market by Country
Chapter 6. Europe Open Banking Market by Services
6.1 Europe Banking & Capital Markets Market by Country
6.2 Europe Payments Market by Country
6.3 Europe Digital Currencies Market by Country
6.4 Europe Value Added Services Market by Country
Chapter 7. Europe Open Banking Market by Country
7.1 Germany Open Banking Market
7.1.1 Germany Open Banking Market by Deployment
7.1.2 Germany Open Banking Market by Distribution Channel
7.1.3 Germany Open Banking Market by Services
7.2 UK Open Banking Market
7.2.1 UK Open Banking Market by Deployment
7.2.2 UK Open Banking Market by Distribution Channel
7.2.3 UK Open Banking Market by Services
7.3 France Open Banking Market
7.3.1 France Open Banking Market by Deployment
7.3.2 France Open Banking Market by Distribution Channel
7.3.3 France Open Banking Market by Services
7.4 Russia Open Banking Market
7.4.1 Russia Open Banking Market by Deployment
7.4.2 Russia Open Banking Market by Distribution Channel
7.4.3 Russia Open Banking Market by Services
7.5 Spain Open Banking Market
7.5.1 Spain Open Banking Market by Deployment
7.5.2 Spain Open Banking Market by Distribution Channel
7.5.3 Spain Open Banking Market by Services
7.6 Italy Open Banking Market
7.6.1 Italy Open Banking Market by Deployment
7.6.2 Italy Open Banking Market by Distribution Channel
7.6.3 Italy Open Banking Market by Services
7.7 Rest of Europe Open Banking Market
7.7.1 Rest of Europe Open Banking Market by Deployment
7.7.2 Rest of Europe Open Banking Market by Distribution Channel
7.7.3 Rest of Europe Open Banking Market by Services
Chapter 8. Company Profiles
8.1 Banco Bilbao Vizcaya Argentaria SA
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Product Launches and Product Expansions:
8.1.4.3 Acquisition and Mergers:
8.2 Finastra Group Holdings Limited (Vista Equity Partners)
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Acquisition and Mergers:
8.2.2.3 Geographical Expansions:
8.3 NCR Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Acquisition and Mergers:
8.4 Crédit Agricole Group
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Recent strategies and developments:
8.4.3.1 Product Launches and Product Expansions:
8.4.3.2 Geographical Expansions:
8.5 DemystData, Ltd.
8.5.1 Company Overview
8.6 Finleap connect GmbH
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Acquisition and Mergers:
8.7 FormFree Holdings Corporation
8.7.1 Company Overview
8.8 Jack Henry & Associates, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.9 Mambu B.V.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. MineralTree, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Europe Open Banking Market, 2018 - 2021, USD Million
TABLE 2 Europe Open Banking Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Open Banking Market
TABLE 4 Product Launches And Product Expansions – Open Banking Market
TABLE 5 Acquisition and Mergers – Open Banking Market
TABLE 6 Geographical Expansions – Open Banking Market
TABLE 7 Europe Open Banking Market by Deployment, 2018 - 2021, USD Million
TABLE 8 Europe Open Banking Market by Deployment, 2022 - 2028, USD Million
TABLE 9 Europe On-premise Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe On-premise Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Open Banking Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 14 Europe Open Banking Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 15 Europe App Markets Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe App Markets Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Bank Channels Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Bank Channels Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Distributors Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Distributors Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Aggregators Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Aggregators Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Open Banking Market by Services, 2018 - 2021, USD Million
TABLE 24 Europe Open Banking Market by Services, 2022 - 2028, USD Million
TABLE 25 Europe Banking & Capital Markets Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Banking & Capital Markets Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Payments Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Payments Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Digital Currencies Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Digital Currencies Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Value Added Services Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Value Added Services Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Open Banking Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Open Banking Market by Country, 2022 - 2028, USD Million
TABLE 35 Germany Open Banking Market, 2018 - 2021, USD Million
TABLE 36 Germany Open Banking Market, 2022 - 2028, USD Million
TABLE 37 Germany Open Banking Market by Deployment, 2018 - 2021, USD Million
TABLE 38 Germany Open Banking Market by Deployment, 2022 - 2028, USD Million
TABLE 39 Germany Open Banking Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 40 Germany Open Banking Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 41 Germany Open Banking Market by Services, 2018 - 2021, USD Million
TABLE 42 Germany Open Banking Market by Services, 2022 - 2028, USD Million
TABLE 43 UK Open Banking Market, 2018 - 2021, USD Million
TABLE 44 UK Open Banking Market, 2022 - 2028, USD Million
TABLE 45 UK Open Banking Market by Deployment, 2018 - 2021, USD Million
TABLE 46 UK Open Banking Market by Deployment, 2022 - 2028, USD Million
TABLE 47 UK Open Banking Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 UK Open Banking Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 UK Open Banking Market by Services, 2018 - 2021, USD Million
TABLE 50 UK Open Banking Market by Services, 2022 - 2028, USD Million
TABLE 51 France Open Banking Market, 2018 - 2021, USD Million
TABLE 52 France Open Banking Market, 2022 - 2028, USD Million
TABLE 53 France Open Banking Market by Deployment, 2018 - 2021, USD Million
TABLE 54 France Open Banking Market by Deployment, 2022 - 2028, USD Million
TABLE 55 France Open Banking Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 56 France Open Banking Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 57 France Open Banking Market by Services, 2018 - 2021, USD Million
TABLE 58 France Open Banking Market by Services, 2022 - 2028, USD Million
TABLE 59 Russia Open Banking Market, 2018 - 2021, USD Million
TABLE 60 Russia Open Banking Market, 2022 - 2028, USD Million
TABLE 61 Russia Open Banking Market by Deployment, 2018 - 2021, USD Million
TABLE 62 Russia Open Banking Market by Deployment, 2022 - 2028, USD Million
TABLE 63 Russia Open Banking Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 Russia Open Banking Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 Russia Open Banking Market by Services, 2018 - 2021, USD Million
TABLE 66 Russia Open Banking Market by Services, 2022 - 2028, USD Million
TABLE 67 Spain Open Banking Market, 2018 - 2021, USD Million
TABLE 68 Spain Open Banking Market, 2022 - 2028, USD Million
TABLE 69 Spain Open Banking Market by Deployment, 2018 - 2021, USD Million
TABLE 70 Spain Open Banking Market by Deployment, 2022 - 2028, USD Million
TABLE 71 Spain Open Banking Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 72 Spain Open Banking Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 73 Spain Open Banking Market by Services, 2018 - 2021, USD Million
TABLE 74 Spain Open Banking Market by Services, 2022 - 2028, USD Million
TABLE 75 Italy Open Banking Market, 2018 - 2021, USD Million
TABLE 76 Italy Open Banking Market, 2022 - 2028, USD Million
TABLE 77 Italy Open Banking Market by Deployment, 2018 - 2021, USD Million
TABLE 78 Italy Open Banking Market by Deployment, 2022 - 2028, USD Million
TABLE 79 Italy Open Banking Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 80 Italy Open Banking Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 81 Italy Open Banking Market by Services, 2018 - 2021, USD Million
TABLE 82 Italy Open Banking Market by Services, 2022 - 2028, USD Million
TABLE 83 Rest of Europe Open Banking Market, 2018 - 2021, USD Million
TABLE 84 Rest of Europe Open Banking Market, 2022 - 2028, USD Million
TABLE 85 Rest of Europe Open Banking Market by Deployment, 2018 - 2021, USD Million
TABLE 86 Rest of Europe Open Banking Market by Deployment, 2022 - 2028, USD Million
TABLE 87 Rest of Europe Open Banking Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 88 Rest of Europe Open Banking Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 89 Rest of Europe Open Banking Market by Services, 2018 - 2021, USD Million
TABLE 90 Rest of Europe Open Banking Market by Services, 2022 - 2028, USD Million
TABLE 91 Key Information – Banco Bilbao Vizcaya Argentaria SA
TABLE 92 Key Information – Finastra Group Holdings Limited
TABLE 93 Key Information – NCR Corporation
TABLE 94 Key Information – Crédit Agricole Group
TABLE 95 Key Information – DemystData, Ltd.
TABLE 96 Key Information – finleap connect GmbH
TABLE 97 Key Information – FormFree Holdings Corporation
TABLE 98 Key Information – Jack Henry & Associates, Inc.
TABLE 99 Key Information – Mambu B.V.
TABLE 100 Key Information – MineralTree, Inc.
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: 2019, Apr – 2022, Jul) Leading Players
FIG 5 Recent strategies and developments: Banco Bilbao Vizcaya Argentaria SA
FIG 6 Recent strategies and developments: Finastra Group Holdings Limited
FIG 7 Recent strategies and developments: Finleap connect GmbH