The North America Fintech-as-a-Service Market would witness market growth of 16.3% CAGR during the forecast period (2022-2028).
Bank visits, standing in lines, and dealing with red tape are the stuff of the past. Cloud computing is used to establish intelligent relationships between customers and organizations through artificial intelligence, APIs connected to voice assistants, and Invisible Banks. It provides simple online transactions, which lowers expenses for all parties. Right now, this is the greatest wager in the fintech industry.
With open banking, customers provide banks and other financial service providers with secure access to their banks and financial information. These companies might then be able to provide them with specialized goods and services that satisfy their customers' needs while also enhancing data security. Companies that adopt Open Banking see the expansion of their database as a positive. After all, they gain information that is previously known to their competitors.
Paying with a QR code is one of the fintech industry's major promises. A true banking device today is any mobile smartphone with a camera. The future of the banking sector would undoubtedly change as a result of the instant payment trend. Massive amounts of data can be processed using machine learning applications, and these programs can draw insightful conclusions that can boost productivity and cut down on processing time.
Additionally, it performs real-time trend analysis, enabling prompt decision-making. Today, AI/ML is employed in many financial services applications, from risk management and investment forecasts to fraud detection, lending approvals, and AML screening. Fintech would continue to be one of the crucial industries due to the advancement of machine learning.
North America, as a result of rising blockchain technology investment. Numerous blockchain development projects have been started in the US in recent years, which has accelerated the market's expansion. Moreover, this area is home to a large number of small, medium-sized, and technology-based businesses. Additionally, there has been significant progress in the integration of public critical services with BaaS solutions, which is predicted to open up new growth opportunities for the local BaaS market in the coming years.
The US market dominated the North America Fintech-as-a-Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $165,790.7 million by 2028. The Canada market is poised to grow at a CAGR of 19% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 17.9% during (2022 - 2028).
Based on Technology, the market is segmented into Blockchain, API, Artificial Intelligence, RPA, and Others. Based on End Use, the market is segmented into Insurance, Bank, Financial Lending Companies, and Others. Based on Type, the market is segmented into Payment, Fund Transfer, Loan, and Others. Based on Application, the market is segmented into Compliance & Regulatory Support, KYC Verification, Fraud Monitoring, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Fintech-as-a-Service Market is Estimated to reach $681.6 Billion by 2028, at a CAGR of 16.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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., and Railsbank Technology Ltd. (Railsr).
Scope of the Study
Market Segments Covered in the Report:
By Technology
- Blockchain
- API
- Artificial Intelligence
- RPA
- Others
By End Use
- Insurance
- Bank
- Financial Lending Companies
- Others
By Type
- Payment
- Fund Transfer
- Loan
- Others
By Application
- Compliance & Regulatory Support
- KYC Verification
- Fraud Monitoring
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key 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)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Fintech-as-a-Service Market, by Technology
1.4.2 North America Fintech-as-a-Service Market, by End Use
1.4.3 North America Fintech-as-a-Service Market, by Type
1.4.4 North America Fintech-as-a-Service Market, by Application
1.4.5 North America Fintech-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 & scenarios
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)
Chapter 4. North America Fintech-as-a-Service Market by Technology
4.1 North America Blockchain Market by Country
4.2 North America API Market by Country
4.3 North America Artificial Intelligence Market by Country
4.4 North America RPA Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Fintech-as-a-Service Market by End-use
5.1 North America Insurance Market by Country
5.2 North America Bank Market by Country
5.3 North America Financial Lending Companies Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Fintech-as-a-Service Market by Type
6.1 North America Payment Market by Country
6.2 North America Fund Transfer Market by Country
6.3 North America Loan Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Fintech-as-a-Service Market by Application
7.1 North America Compliance & Regulatory Support Market by Country
7.2 North America KYC Verification Market by Country
7.3 North America Fraud Monitoring Market by Country
7.4 North America Others Market by Country
Chapter 8. North America Fintech-as-a-Service Market by Country
8.1 US Fintech-as-a-Service Market
8.1.1 US Fintech-as-a-Service Market by Technology
8.1.2 US Fintech-as-a-Service Market by End-use
8.1.3 US Fintech-as-a-Service Market by Type
8.1.4 US Fintech-as-a-Service Market by Application
8.2 Canada Fintech-as-a-Service Market
8.2.1 Canada Fintech-as-a-Service Market by Technology
8.2.2 Canada Fintech-as-a-Service Market by End-use
8.2.3 Canada Fintech-as-a-Service Market by Type
8.2.4 Canada Fintech-as-a-Service Market by Application
8.3 Mexico Fintech-as-a-Service Market
8.3.1 Mexico Fintech-as-a-Service Market by Technology
8.3.2 Mexico Fintech-as-a-Service Market by End-use
8.3.3 Mexico Fintech-as-a-Service Market by Type
8.3.4 Mexico Fintech-as-a-Service Market by Application
8.4 Rest of North America Fintech-as-a-Service Market
8.4.1 Rest of North America Fintech-as-a-Service Market by Technology
8.4.2 Rest of North America Fintech-as-a-Service Market by End-use
8.4.3 Rest of North America Fintech-as-a-Service Market by Type
8.4.4 Rest of North America Fintech-as-a-Service Market by Application
Chapter 9. Company Profiles
9.1 PayPal Holdings, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.1.5.3 Acquisition and Mergers:
9.2 Mastercard, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Recent strategies and developments:
9.2.4.1 Partnerships, Collaborations, and Agreements:
9.2.4.2 Acquisition and Mergers:
9.3 Upstart Network, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Recent strategies and developments:
9.3.3.1 Partnerships, Collaborations, and Agreements:
9.3.3.2 Product Launches and Product Expansions:
9.4 Block, Inc.
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 Envestnet, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Recent strategies and developments:
9.5.4.1 Partnerships, Collaborations, and Agreements:
9.6 SoFi Technologies, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Acquisition and Mergers:
9.7 Rapyd Financial Network Ltd.
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 Solid Financial Technologies, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Synctera Inc.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.10. Railsbank Technology Ltd. (Railsr)
9.10.1 Company Overview
TABLE 1 North America Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 2 North America Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Fintech-as-a-Service Market
TABLE 4 Product Launches And Product Expansions– Fintech-as-a-Service Market
TABLE 5 Acquisition and Mergers– Fintech-as-a-Service Market
TABLE 6 Geographical Expansions– Fintech-as-a-Service Market
TABLE 7 North America Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 8 North America Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 9 North America Blockchain Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Blockchain Market by Country, 2022 - 2028, USD Million
TABLE 11 North America API Market by Country, 2018 - 2021, USD Million
TABLE 12 North America API Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Artificial Intelligence Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Artificial Intelligence Market by Country, 2022 - 2028, USD Million
TABLE 15 North America RPA Market by Country, 2018 - 2021, USD Million
TABLE 16 North America RPA Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 20 North America Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 21 North America Insurance Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Insurance Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Bank Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Bank Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Financial Lending Companies Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Financial Lending Companies Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 30 North America Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 31 North America Payment Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Payment Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Fund Transfer Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Fund Transfer Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Loan Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Loan Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 40 North America Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 41 North America Compliance & Regulatory Support Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Compliance & Regulatory Support Market by Country, 2022 - 2028, USD Million
TABLE 43 North America KYC Verification Market by Country, 2018 - 2021, USD Million
TABLE 44 North America KYC Verification Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Fraud Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Fraud Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 49 North America Fintech-as-a-Service Market by Country, 2018 - 2021, USD Million
TABLE 50 North America Fintech-as-a-Service Market by Country, 2022 - 2028, USD Million
TABLE 51 US Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 52 US Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 53 US Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 54 US Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 55 US Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 56 US Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 57 US Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 58 US Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 59 US Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 60 US Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 61 Canada Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 62 Canada Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 63 Canada Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 64 Canada Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 65 Canada Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 66 Canada Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 67 Canada Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 68 Canada Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 69 Canada Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 70 Canada Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 71 Mexico Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 72 Mexico Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 73 Mexico Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 74 Mexico Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 75 Mexico Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 76 Mexico Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 77 Mexico Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 78 Mexico Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 79 Mexico Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 80 Mexico Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 81 Rest of North America Fintech-as-a-Service Market, 2018 - 2021, USD Million
TABLE 82 Rest of North America Fintech-as-a-Service Market, 2022 - 2028, USD Million
TABLE 83 Rest of North America Fintech-as-a-Service Market by Technology, 2018 - 2021, USD Million
TABLE 84 Rest of North America Fintech-as-a-Service Market by Technology, 2022 - 2028, USD Million
TABLE 85 Rest of North America Fintech-as-a-Service Market by End-use, 2018 - 2021, USD Million
TABLE 86 Rest of North America Fintech-as-a-Service Market by End-use, 2022 - 2028, USD Million
TABLE 87 Rest of North America Fintech-as-a-Service Market by Type, 2018 - 2021, USD Million
TABLE 88 Rest of North America Fintech-as-a-Service Market by Type, 2022 - 2028, USD Million
TABLE 89 Rest of North America Fintech-as-a-Service Market by Application, 2018 - 2021, USD Million
TABLE 90 Rest of North America Fintech-as-a-Service Market by Application, 2022 - 2028, USD Million
TABLE 91 Key Information – PayPal Holdings, Inc.
TABLE 92 key Information – Mastercard, Inc.
TABLE 93 Key Information – Upstart Network, Inc.
TABLE 94 Key information – Block, Inc.
TABLE 95 Key Information – Envestnet, Inc.
TABLE 96 Key Information – SoFi Technologies, Inc.
TABLE 97 Key Information – Rapyd Financial Network Ltd.
TABLE 98 Key Information – Solid Financial Technologies, Inc.
TABLE 99 Key Information – Synctera Inc.
TABLE 100 Key Information – Railsbank Technology 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 Recent strategies and developments: PayPal Holdings, Inc.
FIG 5 Recent strategies and developments: Mastercard, Inc.
FIG 6 Recent strategies and developments: Upstart Network, Inc.
FIG 7 Recent strategies and developments: Rapyd Financial Network Ltd.