Embedded Banking Market (2024)

Embedded Banking Market Outlook (2022-2032)

[350 Pages Report] The embedded banking market revenue totaled US$ 12.1 Billion in 2021. The embedded banking market is expected to reach US$ 106.8 Billion by 2032, growing at a CAGR of 22.1% over the forecast period.

AttributesDetails
Embedded Baking Market Estimated Size (2022)US$ 14.5 Billion
Projected Market Valuation (2032)US$ 106.8 Billion
Value-based CAGR% (2022 to 2032)22.1%
Top 5 Vendor Market ShareAround 45%

Embedded banking market currently represents about 28% of the total embedded finance market. Embedded banking is a kind of banking in which banking software and services are provided by non-financial vendors. From a single platform, consumers can make investments, apply for smart cards, loans or manage payment processing transactions.

Growing popularity of embedded banking platform API happens to be one of the key factors driving the growth in the market. Increasing availability of Open Banking APIs from financial services vendors and non-financial service vendors is further driving the market.

Embedded banking has completely modernized the digital payment processes by leveraging Artificial Intelligence and third-party service providers. Additionally, service providers are also utilizing fast-growing technologies such as machine learning, virtual reality, and voice-based banking, among others, to provide advanced embedded banking solutions and services.

Moreover, partnering with digital FinTech platforms consents financial institutions to leverage huge amounts of data which can be used by banks to acquire new customers, understand existing ones better, and offer tailored financial products.

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2017-2021 Embedded Banking Market Historic Outlook Compared to 2022-2032 Forecast

The embedded banking demand is estimated to grow at 22.1% CAGR between 2022 and 2032 in comparison with 13.5% CAGR during historic period of 2017-2021 as the adoption of embedded banking solutions and services is increasing with rising demand for Banking-as-a-Service (BaaS). In order to meet the rising demand for embedded finance, financial institutions are focusing on offering banking as a service (BaaS).

During the pandemic, there has been a rise in adoption of embedded banking solutions and services as compared to the historic period. This can be attributed to the growing popularity of digital banking services. Post pandemic, the number of users opting for digital payments and digital banking has grown drastically, thereby driving the demand for digital banking solutions and services.

Companies that wanted to integrate financial services through various integration partners had to deal with tight, rigorous operational coordination and internal technology flow systems in the past. With the arrival of embedded banking solutions and services, more and more businesses are investing in technology and focusing on strengthening the bank's infrastructure.

Embedded Banking Market (1)

Will Rising Trend of Banking as a Service Platform Drive Sales of Embedded Banking Solutions?

Banking-as-a-service is an essential element of embedded banking. Banking-as-a-service (BaaS) is a cloud computing platform that performs data backup and restoration. The BaaS infrastructure is also directly linked to accounts and cards, and it is used for remittances, loans, or payments as well as safety compliance-related services like anti-money laundering or customer identity checks.

BaaS vendors provide a regulatory and technological setup that allows third parties to operate banking systems while associating their own brand name to the BaaS backend via a proprietary API system. As a result, third parties can focus solely on providing information, discovering new customer experiences, and building their own brands.

Many BaaS providers build platforms on terms that have been approved or licensed by partner banks such as Solaris Bank. Furthermore, advanced BaaS providers who do not adhere to the old model of traditional banking services, provide customers with a smart and friendly experience. Owing to this, they naturally become the preferred choice for emerging FinTech players or technology vendors.

Is Lack of Digital Literacy in Emerging Countries Hampering Demand?

Several developing countries still lack digital literacy, which hampers the adoption of mobile and online payments. This adversely impacts the market growth of embedded banking solutions.

Digital literacy involves a wide variety of skills, such as the ability to read and understand technical knowledge, which helps individuals in operating and using digital technologies.

Owing to this, solution vendors operating in the embedded banking market are also uncertain about making investments due to the lower number of digital transactions. Hence, low digital literacy across developing countries is expected to hinder the growth in the embedded banking market.

Country-wise Insights

Why is the Demand for Embedded Banking Increasing in the U.S.?

“Digitization in the Banking Sector Will Fuel Sales of Embedded Banking Services”

The embedded banking demand in the U.S. is expected to account for nearly 60% of North America market share through 2032. In the U.S., rising adoption of digital banking services and embedded finance happens to be one of the key factors driving the market.

Growth can also be attributed to the presence of established players offering advanced embedded banking solutions and services. Besides, high adoption of new technologies across various sectors in the country will fuel growth.

How is the U.K. Embedded Banking Market Faring?

“Increasing Adoption of Embedded Banking in the U.K. Will Boost Demand”

According to the study, U.K. is estimated to create an incremental dollar opportunity of US$ 7.7 Bn during the forecast period.

The Financial Conduct Authority (FCA) works closely with innovators in order to help them navigate through complex regulatory landscape to bring their services to the market faster. Moreover, the U.K. has a unique culture of banking innovation and a legal open banking standardized API infrastructure, thereby favoring the growth in the market.

Veteran embedded banking solution providers, such as Railsbank are enabling businesses to use financial services as their primary target. Emerging companies such as HUBUC, which focuses on smaller customers and neo-banking businesses in the Europe market, are expected to boost the popularity of embedded banking across FinTech, non-financial, and SME start-ups.

What is Driving the Japan Embedded Banking Market?

“Growing Popularity of Blockchain in Japan Will Propel the Adoption of Embedded Banking”

Sales in the Japan embedded banking market are slated to surge at a 25.8% CAGR over the forecast period. In Japan, the finance and IT sectors are growing rapidly, thereby fueling the adoption of embedded banking solutions in the country.

For instance, In December 2019, JCB, a Japanese business to business (B2B) payments firm, in partnership with Keychain a Singapore based blockchain technology provider, announced the collaboration for utilizing blockchain in payment processes. Through the partnership, the companies will offer offline functionality to embedded payments.

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Category-wise Insights

Why is the Demand for Embedded Banking Solutions Increasing?

“Demand for Embedded Banking Platform APIs Will Gain Traction”

The embedded banking platform API segment is predicted to offer an absolute opportunity of US$ 41.1 Bn by the end of 2032. Growing demand for embedded banking platform APIs is directly proportional to the adoption levels of embedded banking solutions among organizations.

Various organizations operating in the U.S. market are offering advanced embedded banking solutions and services. For instance, In May 2022, Current, one of the leading financial technology platforms in the U.S. announced the launch of its platform API. The platform API is built to facilitate embedded banking experiences and seamless integrations.

How Will Rising Demand from Small and Mid-sized Organizations Support Growth?

“Adoption of Embedded Banking Platforms to Remain High”

The small and mid-sized organizations segment is expected to record sales at a CAGR of 23.4% during forecast period. Small and mid-sized organizations are adopting embedded banking solutions and services to cope with rising demand for efficient banking services. Embedded banking helps in delivering financial services at ?the right contextual moment while reducing resistance and opening new customer engagement possibilities.

Embedded banking for small and medium organizations enables business owners to use banking services on a digital platform without requiring to initiate a separate process. The company’s embedded finance offering shall also offer value-added services such as analytics tools and financial management services.

Why is the FinTech Sector Considered Lucrative?

“Sales of Embedded Banking Across FinTech Companies Will Bolster”

In terms of end users, sales in the FinTech corporations segment are estimated to grow at a CAGR of 24.3% during the forecast period. Growth in the segment can be attributed to increasing number of financial institutions collaborating with the FinTech corporation to facilitate seamless integration. Embedded banking is the seamless integration of financial services into a traditionally non-financial platform.

Competitive Landscape

Embedded banking market players are investing in in research and development to support future technologies. In addition to this, several companies are focusing on acquisitions and partnerships with other companies to offer advanced embedded banking solutions and services to serve the prospective customers.

Scope of Report

AttributeDetails
Estimated Market Size (2022)US$ 14.5 Billion
Projected Market Valuation (2032)US$ 106.8 Billion
Value-based CAGR (2032)22.1%
Forecast Period2022 to 2032
Historical Data Available for2017 to 2021
Market AnalysisUS$ Billion for Value
Key Regions CoveredNorth America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa
Key Countries CoveredThe USA, Canada, Germany, The UK, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa and South Africa
Key Segments CoveredSolution, Organization Size, End-user, and Region
Key Companies Profiled
  • Bankable
  • Banxware
  • Bond
  • Cross River
  • Finix
  • Flywire
  • Marqeta
  • MX
  • OpenPayd
  • Plaid
  • Q2
  • Railsbank
  • Synapse
  • Tink
  • UNIPaaS Payments Technologies
Report CoverageMarket Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Embedded Banking Outlook by Category

By Solution:

  • Embedded Banking Platform API
  • Services
    • Payment Processing
    • Lending
    • Contactless Payment
    • Card Issuing
    • Bank Transfer
    • Others

By Organization Size:

  • Small and Mid-Sized Organizations
  • Large Organizations

By End-user:

  • Banks
  • FinTech Corporations
  • Investment Firms
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

Which region is expected to showcase high growth in embedded banking demand?

South Asia & Pacific is projected to register strong growth in the market, exhibiting a CAGR of nearly 27.1% during the forecast period with market share of around 11.5% in 2022.

What are the key trends of Embedded Banking Industry?

Key trends in the market includes:•Rapid shift towards embedded finance •Increased collaboration between financial institutions (FIs) and FinTech corporations.

Which is the Leading Solution Segment in Embedded Banking market?

Services segment is expected to dominate the market over the forecast period, generating a maximum revenue, among solution segment, by the end of 2032.

How much is the global embedded banking market worth?

The embedded banking market was valued at ~US$ 12.1 Bn in 2021, and is estimated to grow at an exceptional pace with a CAGR of 22.1% to reach ~US$ 106.8 Bn in 2032.

What will be the demand outlook/ sales forecast for embedded banking market?

The sales of embedded banking are expected to total ~US$ 14.5 Bn by the end of 2022.

What was the last 5-year embedded banking market CAGR?

The market in last 5 years (2017 – 2021) grew by a CAGR of 13.5%.

What is driving demand for embedded banking?

Increasing demand for efficient and seamless embedded banking services is propelling the market growth.

At what rate did the demand for embedded banking grow during 2021-2022?

The global market growth between 2021 and 2022 is around 20%.

What are the top 5 countries driving demand?

Top 5 countries driving demand for embedded banking include U.S., Canada, China, Germany, and Japan.

What is Europe market outlook?

Europe is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, UK is expected to account for 31.5% of the Europe market through 2032.

What is the South Korea and Japan embedded banking market outlook?

The embedded banking demand in Japan and South Korea was valued at ~US$ 684.3 Mn and ~US$ 359.0 Mn in 2021, respectively and is projected to register CAGR of around 25.8% and 19.4% and respectively between 2022 and 2032.

Who are some of the leading companies offering embedded banking?

Some of the leading companies in this landscape are Bankable, Banxware, Bond, Cross River, Finix, Flywire, and Marqeta, among others. As per Future Market Insights, nearly 35-45% of the market share is currently covered by the top players.

Table of Content

1. Executive Summary1.1. Global Market Outlook1.2. Demand Side Trends1.3. Supply Side Trends1.4. Analysis and Recommendations2. Market Overview2.1. Market Coverage / Taxonomy2.2. Market Definition / Scope / Limitations3. Key Market Trends3.1. Key Trends Impacting the Market3.2. Solution Innovation / Development Trends4. Market - Pricing Analysis4.1. Types of Pricing Models4.2. Average Pricing Benchmark Analysis5. COVID-19 Impact Analysis5.1. Impact of COVID-19 Outbreak on Market Growth5.1.1. Pre COVID-19 Analysis5.1.2. Post COVID-19 Analysis5.2. Expected Recovery Scenario (Short Term/Mid Term/Long Term)5.3. Key Action Points for Service Providers6. Global Market Demand (in Value in US$ Bn) Analysis 2017-2021 and Forecast, 2022-20326.1. Historical Market Size (US$ Bn) Analysis, 2017-20216.2. Current and Future Market Size (US$ Bn) Projections, 2022-20326.2.1. Y-o-Y Growth Trend Analysis6.2.2. Absolute $ Opportunity Analysis7. Market Background7.1. Macro-Economic Factors7.2. Forecast Factors – Relevance & Impact7.3. Value Chain Analysis7.4. Market Dynamics7.4.1. Drivers7.4.2. Restraints7.4.3. Opportunity Analysis8. Global Market Analysis 2017-2021 and Forecast 2022-2032, by Solution8.1. Introduction / Key Findings8.2. Historical Market Size (US$ Bn) Analysis by Solution, 2017-20218.3. Current and Future Market Size (US$ Bn) Analysis and Forecast by Solution, 2022-20328.3.1. Platform API8.3.2. Services8.3.2.1. Payment Processing8.3.2.2. Lending8.3.2.3. Contactless Payment8.3.2.4. Card Issuing8.3.2.5. Bank Transfer8.3.2.6. Others8.4. Market Attractiveness Analysis by Solution9. Global Market Analysis 2017-2021 and Forecast 2022-2032, by Organization Size9.1. Introduction / Key Findings9.2. Historical Market Size (US$ Bn) Analysis by Organization Size, 2017-20219.3. Current and Future Market Size (US$ Bn) Analysis and Forecast by Organization Size, 2022-20329.3.1. Small and Mid-Sized Organizations9.3.2. Large Organizations9.4. Market Attractiveness Analysis by Organization Size10. Global Market Analysis 2017-2021 and Forecast 2022-2032, by End-user10.1. Introduction / Key Findings10.2. Historical Market Size (US$ Bn) Analysis by End-user, 2017-202110.3. Current and Future Market Size (US$ Bn) Analysis and Forecast by End-user, 2022-203210.3.1. Banks10.3.2. FinTech Corporations10.3.3. Investment Firms10.3.4. Others10.4. Market Attractiveness Analysis by End-user11. Global Market Analysis 2017-2021 and Forecast 2022-2032, by Region11.1. Introduction11.2. Historical Market Size (US$ Bn) Analysis by Region, 2017-202111.3. Current and Future Market Size (US$ Bn) Analysis and Forecast by Region, 2022-203211.3.1. North America11.3.2. Latin America11.3.3. Europe11.3.4. East Asia11.3.5. South Asia & Pacific11.3.6. Middle East and Africa (MEA)11.4. Market Attractiveness Analysis by Region12. North America Market Analysis 2017-2021 and Forecast 2022-203212.1. Introduction12.2. Historical Market Size (US$ Bn) Trend Analysis by Market Taxonomy, 2017-202112.3. Current and Future Market Size (US$ Bn) Forecast by Market Taxonomy, 2022-203212.3.1. by Country12.3.1.1. U.S.12.3.1.2. Canada12.3.2. by Solution12.3.3. by Organization Size12.3.4. by End-user12.4. Market Attractiveness Analysis12.4.1. by Country12.4.2. by Solution12.4.3. by Organization Size12.4.4. by End-user12.5. Key Market Participants - Intensity Mapping12.6. Drivers and Restraints - Impact Analysis13. Latin America Market Analysis 2017-2021 and Forecast 2022-203213.1. Introduction13.2. Historical Market Size (US$ Bn) Trend Analysis by Market Taxonomy, 2017-202113.3. Current and Future Market Size (US$ Bn) Forecast by Market Taxonomy, 2022-203213.3.1. by Country13.3.1.1. Brazil13.3.1.2. Mexico13.3.1.3. Rest of Latin America13.3.2. by Solution13.3.3. by Organization Size13.3.4. by End-user13.4. Market Attractiveness Analysis13.4.1. by Country13.4.2. by Solution13.4.3. by Organization Size13.4.4. by End-user13.5. Key Market Participants - Intensity Mapping13.6. Drivers and Restraints - Impact Analysis14. Europe Market Analysis 2017-2021 and Forecast 2022-203214.1. Introduction14.2. Historical Market Size (US$ Bn) Trend Analysis by Market Taxonomy, 2017-202114.3. Current and Future Market Size (US$ Bn) Forecast by Market Taxonomy, 2022-203214.3.1. by Country14.3.1.1. Germany14.3.1.2. Italy14.3.1.3. France14.3.1.4. U.K.14.3.1.5. Spain14.3.1.6. BENELUX14.3.1.7. Russia14.3.1.8. Rest of Europe14.3.2. by Solution14.3.3. by Organization Size14.3.4. by End-user14.4. Market Attractiveness Analysis14.4.1. by Country14.4.2. by Solution14.4.3. by Organization Size14.4.4. by End-user14.5. Key Market Participants - Intensity Mapping14.6. Drivers and Restraints - Impact Analysis15. South Asia & Pacific Market Analysis 2017-2021 and Forecast 2022-203215.1. Introduction15.2. Historical Market Size (US$ Bn) Trend Analysis by Market Taxonomy, 2017-202115.3. Current and Future Market Size (US$ Bn) Forecast by Market Taxonomy, 2022-203215.3.1. by Country15.3.1.1. India15.3.1.2. Singapore15.3.1.3. Indonesia15.3.1.4. Malaysia15.3.1.5. Australia and New Zealand15.3.1.6. Rest of South Asia & Pacific15.3.2. by Solution15.3.3. by Organization Size15.3.4. by End-user15.4. Market Attractiveness Analysis15.4.1. by Country15.4.2. by Solution15.4.3. by Organization Size15.4.4. by End-user15.5. Key Market Participants - Intensity Mapping15.6. Drivers and Restraints - Impact Analysis16. East Asia Market Analysis 2017-2021 and Forecast 2022-203216.1. Introduction16.2. Historical Market Size (US$ Bn) Trend Analysis by Market Taxonomy, 2017-202116.3. Current and Future Market Size (US$ Bn) Forecast by Market Taxonomy, 2022-203216.3.1. by Country16.3.1.1. China16.3.1.2. Japan16.3.1.3. South Korea16.3.2. by Solution16.3.3. by Organization Size16.3.4. by End-user16.4. Market Attractiveness Analysis16.4.1. by Country16.4.2. by Solution16.4.3. by Organization Size16.4.4. by End-user16.5. Key Market Participants - Intensity Mapping16.6. Drivers and Restraints - Impact Analysis17. Middle East & Africa Market Analysis 2017-2021 and Forecast 2022-203217.1. Introduction17.2. Historical Market Size (US$ Bn) Trend Analysis by Market Taxonomy, 2017-202117.3. Current and Future Market Size (US$ Bn) Forecast by Market Taxonomy, 2022-203217.3.1. by Country17.3.1.1. GCC Countries17.3.1.2. Turkey17.3.1.3. Northern Africa17.3.1.4. South Africa17.3.1.5. Rest of MEA17.3.2. by Solution17.3.3. by Organization Size17.3.4. by End-user17.4. Market Attractiveness Analysis17.4.1. by Country17.4.2. by Solution17.4.3. by Organization Size17.4.4. by End-user17.5. Key Market Participants - Intensity Mapping17.6. Drivers and Restraints - Impact Analysis18. Key Countries Analysis- Market18.1. U.S. Market Analysis18.1.1. by Solution18.1.2. by Organization Size18.1.3. by End-user18.2. Canada Market Analysis18.2.1. by Solution18.2.2. by Organization Size18.2.3. by End-user18.3. Mexico Market Analysis18.3.1. by Solution18.3.2. by Organization Size18.3.3. by End-user18.4. Brazil Market Analysis18.4.1. by Solution18.4.2. by Organization Size18.4.3. by End-user18.5. Germany Market Analysis18.5.1. by Solution18.5.2. by Organization Size18.5.3. by End-user18.6. Italy Market Analysis18.6.1. by Solution18.6.2. by Organization Size18.6.3. by End-user18.7. France Market Analysis18.7.1. by Solution18.7.2. by Organization Size18.7.3. by End-user18.8. U.K. Market Analysis18.8.1. by Solution18.8.2. by Organization Size18.8.3. by End-user18.9. Spain Market Analysis18.9.1. by Solution18.9.2. by Organization Size18.9.3. by End-user18.10. BENELUX Market Analysis18.10.1. by Solution18.10.2. by Organization Size18.10.3. by End-user18.11. Russia Market Analysis18.11.1. by Solution18.11.2. by Organization Size18.11.3. by End-user18.12. China Market Analysis18.12.1. by Solution18.12.2. by Organization Size18.12.3. by End-user18.13. Japan Market Analysis18.13.1. by Solution18.13.2. by Organization Size18.13.3. by End-user18.14. South Korea Market Analysis18.14.1. by Solution18.14.2. by Organization Size18.14.3. by End-user18.15. India Market Analysis18.15.1. by Solution18.15.2. by Organization Size18.15.3. by End-user18.16. Singapore Market Analysis18.16.1. by Solution18.16.2. by Organization Size18.16.3. by End-user18.17. Indonesia Market Analysis18.17.1. by Solution18.17.2. by Organization Size18.17.3. by End-user18.18. Malaysia Market Analysis18.18.1. by Solution18.18.2. by Organization Size18.18.3. by End-user18.19. Australia & New Zealand Market Analysis18.19.1. by Solution18.19.2. by Organization Size18.19.3. by End-user18.20. GCC Countries Market Analysis18.20.1. by Solution18.20.2. by Organization Size18.20.3. by End-user18.21. Turkey Market Analysis18.21.1. by Solution18.21.2. by Organization Size18.21.3. by End-user18.22. Northern Africa Market Analysis18.22.1. by Solution18.22.2. by Organization Size18.22.3. by End-user18.23. South Africa Market Analysis18.23.1. by Solution18.23.2. by Organization Size18.23.3. by End-user19. Market Structure Analysis19.1. Market Analysis by Tier of Companies19.2. Market Share Analysis of Top Players20. Competition Analysis20.1. Competition Dashboard20.2. Competition Deep Dive20.2.1. Bankable20.2.1.1. Business Overview20.2.1.2. Solution Portfolio20.2.1.3. Profitability by Market Segments (Business Segment/Region)20.2.1.4. SWOT Analysis20.2.1.5. Key Developments20.2.1.6. Strategy Overview20.2.2. Banxware20.2.2.1. Business Overview20.2.2.2. Solution Portfolio20.2.2.3. Profitability by Market Segments (Business Segment/Region)20.2.2.4. SWOT Analysis20.2.2.5. Key Developments20.2.2.6. Strategy Overview20.2.3. Bond20.2.3.1. Business Overview20.2.3.2. Solution Portfolio20.2.3.3. Profitability by Market Segments (Business Segment/Region)20.2.3.4. SWOT Analysis20.2.3.5. Key Developments20.2.3.6. Strategy Overview20.2.4. Cross River20.2.4.1. Business Overview20.2.4.2. Solution Portfolio20.2.4.3. Profitability by Market Segments (Business Segment/Region)20.2.4.4. SWOT Analysis20.2.4.5. Key Developments20.2.4.6. Strategy Overview20.2.5. Finix20.2.5.1. Business Overview20.2.5.2. Solution Portfolio20.2.5.3. Profitability by Market Segments (Business Segment/Region)20.2.5.4. SWOT Analysis20.2.5.5. Key Developments20.2.5.6. Strategy Overview20.2.6. Flywire20.2.6.1. Business Overview20.2.6.2. Solution Portfolio20.2.6.3. Profitability by Market Segments (Business Segment/Region)20.2.6.4. SWOT Analysis20.2.6.5. Key Developments20.2.6.6. Strategy Overview20.2.7. Marqeta20.2.7.1. Business Overview20.2.7.2. Solution Portfolio20.2.7.3. Profitability by Market Segments (Business Segment/Region)20.2.7.4. SWOT Analysis20.2.7.5. Key Developments20.2.7.6. Strategy Overview20.2.8. MX20.2.8.1. Business Overview20.2.8.2. Solution Portfolio20.2.8.3. Profitability by Market Segments (Business Segment/Region)20.2.8.4. SWOT Analysis20.2.8.5. Key Developments20.2.8.6. Strategy Overview20.2.9. OpenPayd20.2.9.1. Business Overview20.2.9.2. Solution Portfolio20.2.9.3. Profitability by Market Segments (Business Segment/Region)20.2.9.4. SWOT Analysis20.2.9.5. Key Developments20.2.9.6. Strategy Overview20.2.10. Plaid20.2.10.1. Business Overview20.2.10.2. Solution Portfolio20.2.10.3. Profitability by Market Segments (Business Segment/Region)20.2.10.4. SWOT Analysis20.2.10.5. Key Developments20.2.10.6. Strategy Overview20.2.11. Q220.2.11.1. Business Overview20.2.11.2. Solution Portfolio20.2.11.3. Profitability by Market Segments (Business Segment/Region)20.2.11.4. SWOT Analysis20.2.11.5. Key Developments20.2.11.6. Strategy Overview20.2.12. Railsbank20.2.12.1. Business Overview20.2.12.2. Solution Portfolio20.2.12.3. Profitability by Market Segments (Business Segment/Region)20.2.12.4. SWOT Analysis20.2.12.5. Key Developments20.2.12.6. Strategy Overview20.2.13. Synapse20.2.13.1. Business Overview20.2.13.2. Solution Portfolio20.2.13.3. Profitability by Market Segments (Business Segment/Region)20.2.13.4. SWOT Analysis20.2.13.5. Key Developments20.2.13.6. Strategy Overview20.2.14. Tink20.2.14.1. Business Overview20.2.14.2. Solution Portfolio20.2.14.3. Profitability by Market Segments (Business Segment/Region)20.2.14.4. SWOT Analysis20.2.14.5. Key Developments20.2.14.6. Strategy Overview20.2.15. UNIPaaS Payments Technologies20.2.15.1. Business Overview20.2.15.2. Solution Portfolio20.2.15.3. Profitability by Market Segments (Business Segment/Region)20.2.15.4. SWOT Analysis20.2.15.5. Key Developments20.2.15.6. Strategy Overview21. Assumptions and Acronyms Used22. Research Methodology

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List of Tables

Table 01: Global Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 02: Global Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 03: Global Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 04: Global Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 05: Global Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 06: Global Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 07: Global Market Value (US$ Bn) Analysis (2017 – 2021) by RegionTable 08: Global Market Value (US$ Bn) Forecast (2022 – 2032) by RegionTable 09: North America Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 10: North America Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 11: North America Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 12: North America Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 13: North America Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 14: North America Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 15: North America Market Value (US$ Bn) Analysis (2017 – 2021) by CountryTable 16: North America Market Value (US$ Bn) Forecast (2022 – 2032) by CountryTable 17: Latin America Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 18: Latin America Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 19: Latin America Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 20: Latin America Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 21: Latin America Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 22: Latin America Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 23: Latin America Market Value (US$ Bn) Analysis (2017 – 2021) by CountryTable 24: Latin America Market Value (US$ Bn) Forecast (2022 – 2032) by CountryTable 25: Europe Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 26: Europe Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 27: Europe Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 28: Europe Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 29: Europe Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 30: Europe Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 31: Europe Market Value (US$ Bn) Analysis (2017 – 2021) by CountryTable 32: Italy Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 33: Europe Market Value (US$ Bn) Forecast (2022 – 2032) by CountryTable 34: East Asia Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 35: East Asia Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 36: East Asia Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 37: East Asia Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 38: East Asia Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 39: East Asia Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 40: East Asia Market Value (US$ Bn) Analysis (2017 – 2021) by CountryTable 41: East Asia Market Value (US$ Bn) Forecast (2022 – 2032) by CountryTable 42: South Asia & Pacific Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 43: South Asia & Pacific Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 44: South Asia & Pacific Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 45: South Asia & Pacific Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 46: South Asia & Pacific Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 47: South Asia & Pacific Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 48: South Asia & Pacific Market Value (US$ Bn) Analysis (2017 – 2021) by CountryTable 49: South Asia & Pacific Market Value (US$ Bn) Forecast (2022 – 2032) by CountryTable 50: Middle East & Africa Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 51: Middle East & Africa Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 52: Middle East & Africa Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 53: Middle East & Africa Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 54: Mexico Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 55: Middle East & Africa Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 56: Middle East & Africa Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 57: Middle East & Africa Market Value (US$ Bn) Analysis (2017 – 2021) by CountryTable 58: Middle East & Africa Market Value (US$ Bn) Forecast (2022 – 2032) by CountryTable 59: U.S. Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 60: U.S. Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 61: U.S. Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 62: U.S. Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 63: U.S. Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 64: U.S. Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 65: Canada Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 66: Canada Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 67: Canada Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 68: Canada Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 69: Canada Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 70: Canada Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 71: Brazil Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 72: Brazil Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 73: Brazil Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 74: Brazil Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 75: Brazil Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 76: Brazil Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 77: Mexico Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 78: Mexico Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 79: Mexico Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 80: Mexico Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 81: Mexico Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 82: Rest of Latin America Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 83: Rest of Latin America Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 84: Rest of Latin America Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 85: Rest of Latin America Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 86: Rest of Latin America Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 87: Rest of Latin America Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 88: UK Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 89: UK Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 90: UK Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 91: UK Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 92: UK Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 93: UK Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 94: Germany Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 95: Germany Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 96: Germany Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 97: Germany Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 98: Germany Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 99: Germany Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 100: France Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 101: France Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 102: France Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 103: France Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 104: France Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 105: France Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 106: Italy Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 107: Italy Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 108: Italy Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 109: Italy Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 110: Italy Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 111: Spain Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 112: Spain Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 113: Spain Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 114: Spain Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 115: Spain Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 116: Spain Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 117: Benelux Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 118: Benelux Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 119: Benelux Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 120: Benelux Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 121: Benelux U.S. Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 122: Benelux Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 123: Russia Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 124: Russia Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 125: Russia Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 126: Russia Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 127: Russia Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 128: Russia Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 129: Rest of Europe Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 130: Rest of Europe Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 131: Rest of Europe Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 132: Rest of Europe Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 133: Rest of Europe Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 134: Rest of Europe Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 135: China Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 136: China Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 137: China Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 138: China Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 139: China Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 140: China Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 141: Japan Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 142: Japan Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 143: Japan Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 144: Japan Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 145: Japan Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 146: Japan Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 147: South Korea Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 148: South Korea Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 149: South Korea Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 150: South Korea Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 151: South Korea Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 152: South Korea Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 153: India Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 154: India Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 155: India Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 156: India Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 157: India Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 158: India Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 159: Singapore Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 160: Singapore Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 161: Singapore Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 162: Singapore Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 163: Singapore Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 164: Singapore Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 165: Indonesia Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 166: Indonesia Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 167: Indonesia Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 168: Indonesia Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 169: Indonesia Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 170: Indonesia Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 171: Malaysia Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 172: Malaysia Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 173: Malaysia Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 174: Malaysia Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 175: Malaysia Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 176: Malaysia Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 177: Australia & New Zealand Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 178: Australia & New Zealand Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 179: Australia & New Zealand Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 180: Australia & New Zealand Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 181: Australia & New Zealand Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 182: Australia & New Zealand Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 183: Rest of SAP Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 184: Rest of SAP Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 185: Rest of SAP Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 186: Rest of SAP Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 187: Rest of SAP Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 188: Rest of SAP Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 189: GCC Countries Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 190: GCC Countries Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 191: GCC Countries Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 192: GCC Countries Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 193: GCC Countries Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 194: GCC Countries Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 195: Turkey Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 196: Turkey Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 197: Turkey Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 198: Turkey Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 199: Turkey Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 200: Turkey Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 201: South Africa Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 202: South Africa Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 203: South Africa Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 204: South Africa Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 205: South Africa Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 206: South Africa Market Value (US$ Bn) Forecast (2022 – 2032) by End-userTable 207: Rest of Middle East & Africa Market Value (US$ Bn) Analysis (2017 – 2021) by SolutionTable 208: Rest of Middle East & Africa Market Value (US$ Bn) Forecast (2022 – 2032) by SolutionTable 209: Rest of Middle East & Africa Market Value (US$ Bn) Analysis (2017 – 2021) by Organization SizeTable 210: Rest of Middle East & Africa Market Value (US$ Bn) Forecast (2022 – 2032) by Organization SizeTable 211: Rest of Middle East & Africa Market Value (US$ Bn) Analysis (2017 – 2021) by End-userTable 212: Rest of Middle East & Africa Market Value (US$ Bn) Forecast (2022 – 2032) by End-user

Embedded Banking Market (3)

Sudip Saha

Principal Consultant

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List of Charts

Figure 01: Global Market Size (US$ Bn) and Y-o-Y Growth Rate from 2022 – 2032Figure 02: Global Market Absolute $ Opportunity from 2022 – 2032Figure 03: Global Market Value (US$ Bn), 2017-2021Figure 04: Global Market Value (US$ Bn), 2022-2032Figure 05: Global Market Value Share Analysis (2022 – 2032) by SolutionFigure 06: Global Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by SolutionFigure 07: Global Market Attractiveness by SolutionFigure 08: Global Market Value Share Analysis (2022 – 2032) by Organization SizeFigure 09: Global Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by Organization SizeFigure 10: Global Market Attractiveness by Organization SizeFigure 11: Global Market Value Share Analysis (2022 – 2032) by End-userFigure 12: Global Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by End-userFigure 13: Global Market Attractiveness by End-userFigure 14: Global Market Value Share Analysis (2022 – 2032) by RegionFigure 15: Global Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by RegionFigure 16: North America Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 17: Rest of Middle East & Africa Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 18: Latin America Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 19: Europe Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 20: East Asia Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 21: South Asia and Pacific Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 22: Middle East and Africa Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 23: Global Market Attractiveness by RegionFigure 24: North America Market Value (US$ Bn), 2017-2021Figure 25: North America Market Value (US$ Bn), 2022-2032Figure 26: North America Market Value Share Analysis (2022 – 2032) by SolutionFigure 27: North America Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by SolutionFigure 28: North America Market Attractiveness by SolutionFigure 29: North America Market Attractiveness by DeploymentFigure 30: North America Market Value Share Analysis (2022 – 2032) by Organization SizeFigure 31: North America Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by Organization SizeFigure 32: North America Market Attractiveness by Organization SizeFigure 33: North America Market Value Share Analysis (2022 – 2032) by End-userFigure 34: North America Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by End-userFigure 35: North America Market Attractiveness by End-userFigure 36: North America Market Value Share Analysis (2022 – 2032) by CountryFigure 37: North America Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by CountryFigure 38: U.S. Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 39: Canada Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 40: North America Market Attractiveness by CountryFigure 41: Latin America Market Value (US$ Bn), 2017-2021Figure 42: Latin America Market Value (US$ Bn), 2022-2032Figure 43: Latin America Market Value Share Analysis (2022 – 2032) by SolutionFigure 44: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by SolutionFigure 45: Latin America Market Attractiveness by SolutionFigure 46: Latin America Market Value Share Analysis (2022 – 2032) by Organization SizeFigure 47: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by Organization SizeFigure 48: Latin America Market Attractiveness by Organization SizeFigure 49: Latin America Market Value Share Analysis (2022 – 2032) by End-userFigure 50: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by End-userFigure 51: Latin America Market Attractiveness by End-userFigure 52: Latin America Market Value Share Analysis (2022 – 2032) by CountryFigure 53: Latin America Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by CountryFigure 54: Brazil Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 55: Mexico Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 56: Rest of Latin America Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 57: Latin America Market Attractiveness by CountryFigure 58: Europe Market Value (US$ Bn), 2017-2021Figure 59: Europe Market Value (US$ Bn), 2022-2032Figure 60: Europe Market Value Share Analysis (2022 – 2032) by SolutionFigure 61: Europe Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by SolutionFigure 62: Europe Market Attractiveness by SolutionFigure 63: Europe Market Value Share Analysis (2022 – 2032) by Organization SizeFigure 64: Europe Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by Organization SizeFigure 65: Europe Market Attractiveness by Organization SizeFigure 66: Europe Market Value Share Analysis (2022 – 2032) by End-userFigure 67: Europe Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by End-userFigure 68: Europe Market Attractiveness by End-userFigure 69: Europe Market Value Share Analysis (2022 – 2032) by CountryFigure 70: Europe Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by CountryFigure 71: U.K. Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 72: Germany Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 73: France Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 74: Italy Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 75: Spain Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 76: BENELUX Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 77: Russia Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 78: Rest of Europe Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 79: Europe Market Attractiveness by CountryFigure 80: East Asia Market Value (US$ Bn), 2017-2021Figure 81: East Asia Market Value (US$ Bn), 2022-2032Figure 82: East Asia Market Value Share Analysis (2022 – 2032) by SolutionFigure 83: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by SolutionFigure 84: East Asia Market Attractiveness by SolutionFigure 85: East Asia Market Value Share Analysis (2022 – 2032) by Organization SizeFigure 86: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by Organization SizeFigure 87: East Asia Market Attractiveness by Organization SizeFigure 88: East Asia Market Value Share Analysis (2022 – 2032) by End-userFigure 89: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by End-userFigure 90: East Asia Market Attractiveness by End-userFigure 91: East Asia Market Value Share Analysis (2022 – 2032) by CountryFigure 92: East Asia Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by CountryFigure 93: China Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 94: Japan Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 95: Spain Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 96: East Asia Market Attractiveness by CountryFigure 97: South Asia & Pacific Market Value (US$ Bn), 2017-2021Figure 98: South Asia & Pacific Market Value (US$ Bn), 2022-2032Figure 99: South Asia & Pacific Market Value Share Analysis (2022 – 2032) by SolutionFigure 100: South Asia & Pacific Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by SolutionFigure 101: South Asia & Pacific Market Attractiveness by SolutionFigure 102: South Asia & Pacific Market Value Share Analysis (2022 – 2032) by Organization SizeFigure 103: South Asia & Pacific Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by Organization SizeFigure 104: South Asia & Pacific Market Attractiveness by Organization SizeFigure 105: South Asia & Pacific Market Value Share Analysis (2022 – 2032) by End-userFigure 106: South Asia & Pacific Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by End-userFigure 107: South Asia & Pacific Market Attractiveness by End-userFigure 108: South Asia & Pacific Market Value Share Analysis (2022 – 2032) by CountryFigure 109: South Asia & Pacific Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by CountryFigure 110: India Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 111: Singapore Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 112: Indonesia Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 113: Malaysia Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 114: Australia & New Zealand Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 115: Rest of South Asia & Pacific Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 116: South Asia & Pacific Market Attractiveness by CountryFigure 117: Middle East & Africa Market Value (US$ Bn), 2017-2021Figure 118: Middle East & Africa Market Value (US$ Bn), 2022-2032Figure 119: Middle East & Africa Market Value Share Analysis (2022 – 2032) by SolutionFigure 120: Middle East & Africa Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by SolutionFigure 121: Middle East & Africa Market Attractiveness by SolutionFigure 122: Middle East & Africa Market Value Share Analysis (2022 – 2032) by Organization SizeFigure 123: Middle East & Africa Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by Organization SizeFigure 124: Middle East & Africa Market Attractiveness by Organization SizeFigure 125: Middle East & Africa Market Value Share Analysis (2022 – 2032) by End-userFigure 126: Middle East & Africa Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by End-userFigure 127: Middle East & Africa Market Attractiveness by End-userFigure 128: Middle East & Africa Market Value Share Analysis (2022 – 2032) by CountryFigure 129: Middle East & Africa Market Value Y-o-Y Growth Trend Analysis (2019 – 2032) by CountryFigure 130: GCC Countries Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 131: Turkey Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 132: South Africa Market Absolute $ Opportunity (US$ Bn), 2017 – 2032Figure 133: Middle East & Africa Market Attractiveness by Country
Embedded Banking Market (2024)

FAQs

How big is the embedded finance market? ›

Embedded Finance Market size was valued at $58 billion in 2022 and is estimated to register a CAGR of over 29% between 2023 and 2032. The surge in digital payments is driving the market growth to over $730.5 billion by 2032 by fostering the seamless integration of financial services into various platforms.

What does embedded banking mean? ›

The answer is embedded banking. That's when a tech company teams up with a financial institution to make banking products (e.g., high-yield accounts, credit cards) available inside their app or website. Square Checking delights merchants while generating robust new revenue streams for Square.

What is the difference between embedded banking and banking as a service? ›

Main Differences:

1. Embedded finance is customizable and user-focused, while BaaS offers standardized, behind-the-scenes services to fintech and non-bank entities. 2. Embedded finance uses transaction-based monetization, whereas BaaS profits from transaction volumes.

What is the outlook for the embedded finance market? ›

The market for embedded finance is forecast to grow by 148% over the next five years, according to a recently published study. The report from Juniper Research predicts that embedded finance revenue will exceed $228bn by 2028 thanks to advances in technology.

What is the largest finance market in the world? ›

New York Stock Exchange

But it has remained the largest stock exchange in the world by market capitalisation ever since the end of World War I, when it overtook the London Stock Exchange.

What is the future of embedded finance? ›

According to Capgemini's 2021 survey, more than 70% of banking executives agree that embedded finance helps innovate banking products and services, expand the customer base, reduce distribution and acquisition costs, and diversify revenue sources.

What is the difference between open banking and embedded banking? ›

open banking: Open banking liberates vast bank data, enabling new features and use cases. Embedded finance uses this data to enhance consumer experiences. Real-world implementation: Companies like Uber, Lyft, and Starbucks integrate finance seamlessly into consumer experiences.

Is Venmo embedded finance? ›

Examples of embedded finance solutions

They can choose between paying with cash and a range of payment methods, including debit and credit cards, PayPal, Venmo, and digital wallets.

What is an example of embedded finance? ›

Embedded Finance Distributors

Retailers embed finance to move beyond simple ecommerce transactions. For example, through its partners, Walmart (WMT) offers check cashing, bill pay, credit card, BNPL, and money transfer services in its stores and apps.

What is another name for embedded finance? ›

The terms 'embedded banking' or 'banking as a service' are sometimes used as a synonym for 'embedded finance'. That's because most embedded financial solutions, such as lending and payments, are typically offered by banks.

What are the three types of banking system? ›

They are commercial banks, thrifts (which include savings and loan associations and savings banks) and credit unions. These three types of institutions have become more like each other in recent decades, and their unique identities have become less distinct.

What problems does embedded finance solve? ›

Embedded finance lets companies extend financial products to customers without having to establish the same regulatory groundwork as a licensed financial services provider. It encompasses a broad range of use cases, including payments, loans, insurance, credit cards, and wealth management.

Why embedded payments? ›

Put simply, embedding payments makes your customers' lives easier. It gives them the convenience of choosing how to fund their purchase. By enabling your customers to perform a transaction efficiently, without having to leave your platform, you make their experience more seamless, more welcoming and more satisfying.

What is the demand for embedded finance? ›

Global Embedded Finance is expected to grow by 47.8% on annual basis to reach US$8,570.1 million in 2023. The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 32.9% during 2023-2029.

What is the largest component of the world financial market? ›

However, the largest financial market is in fact the derivatives market, which accounts for financial products 'derived' from underlying financial assets (for example, 'options' and 'futures' contracts which lock in a future price for the buying or selling of a financial asset).

Is embedded finance a fintech? ›

By enabling nonfinancial companies to incorporate financial services directly and seamlessly into their platforms and connect with fintech and banks through APIs, proponents of embedded finance say it's a significant departure from both the conventional fintech model and traditional banking practices.

What is the revenue forecast for embedded finance? ›

Embedded Finance Market Anticipated to Surpass $228bn by 2028; B2B Market to Propel Growth. Hampshire, UK – 2nd April 2024: A new study from Juniper Research, the foremost experts in fintech markets, has found that by 2028, embedded finance revenue will increase 148%; from $92 billion in 2024 to $228 billion in 2028.

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