Embedded Banking Services Market Size, Share, Trends, Growth Outlook

The Global Embedded Banking Services Market Size is estimated to register 21.5% growth over the forecast period from 2023 to 2030.

 

The market growth is driven by an increasing Ongoing advancement in financial regulations and compliance standards which are shaping the landscape of embedded banking services. Regulatory bodies were adapting to the evolving nature of digital finance, setting guidelines and standards for secure and compliant embedded financial services. Leading Companies focusing on Global Expansion and Cross-Border Collaboration, Integration with Emerging Technologies like AI and IoT, Enhanced Security and Privacy Measures, and others to boost market shares in the industry.

 

Market Overview

The embedded banking services market is witnessing significant growth and transformation through the seamless integration of financial services into non-banking platforms, driven by the adoption of Application Programming Interfaces (APIs) and digital transformation. Open banking initiatives and partnerships with FinTech startups are key trends, fostering collaboration between traditional financial institutions and agile innovators. The focus on enhancing customer experience, global expansion, and the integration of emerging technologies like Artificial Intelligence and the Internet of Things shape the future outlook. However, challenges include security concerns and the need for regulatory compliance. Overall, the market is characterized by innovation, collaboration, and a customer-centric approach, poised for continued evolution and integration with advancing technologies.

 

Market Dynamics

Market Trends- Embedded banking services are booming thanks to digital transformation and open banking, leading to a future of seamless finance.

Embedded banking services are flourishing due to the pervasive influence of digital transformation and the widespread adoption of open banking principles. This convergence is reshaping the future of finance by seamlessly integrating banking services into diverse platforms. The resulting collaborative ecosystem between traditional financial institutions and FinTech disruptors is driving innovation and creating a financial landscape marked by user-centric experiences. This shift towards seamless finance not only enhances accessibility but also positions financial transactions within the fabric of everyday activities, offering users unprecedented convenience.

 

Market Driver- The rise of FinTech startups and strategic partnerships fuels the demand for embedded banking services.

The surge in demand for embedded banking services is propelled by the rapid ascent of FinTech startups and strategic partnerships with traditional financial institutions. This collaboration capitalizes on FinTech's innovative solutions and agile technologies, enabling established banks to bolster their digital capabilities. As a result, embedded banking services are becoming integral to the evolving financial landscape, seamlessly integrating innovative financial solutions into various applications. This trend not only caters to changing consumer preferences but also positions embedded banking services as a pivotal force in modern finance.

 

Market Opportunity- The Embedded Banking Services Market is increasingly focused on customer experience and personalization.

The Embedded Banking Services Market is undergoing a significant shift towards prioritizing customer experience and personalization. Advanced technologies like artificial intelligence and data analytics are being employed to gain insights into user behaviors and preferences, aiming to provide tailored and seamless financial journeys. This strategic focus on customer-centric design positions embedded banking services as integral components in individuals' daily lives, seamlessly integrated into various digital touchpoints, ultimately enhancing overall satisfaction and user engagement.

 

Market Share Analysis- Cloud-Based Embedded Banking Services Market will register the fastest growth

The Global Embedded Banking Services Market is analyzed across Cloud-Based, On-Premise, and others. Cloud-based is poised to register the fastest growth. The cloud-based embedded banking services market represents an emerging sector in financial technology, utilizing cloud computing infrastructure to seamlessly integrate scalable and flexible financial solutions into various applications. This approach aligns with the broader trends of cloud adoption and digital transformation, offering advantages such as increased efficiency, cost reduction, and agility. Financial institutions and fintech companies are increasingly exploring the benefits of cloud-based embedded banking to provide responsive and adaptable financial services.

 

Market Share Analysis- Large Enterprise held a significant market share in 2023

The Global Embedded Banking Services Market is analyzed across various applications including SMEs, Large Enterprises, and others. Of these, Large Enterprises held a significant market share in 2023. The large enterprise-embedded banking services market involves integrating banking functionalities seamlessly into the operations of substantial corporations, enhancing financial processes and overall operational efficiency. This integration streamlines financial transactions, optimizes cash management, and addresses complex financial needs within the enterprise. Large enterprises seek solutions offering scalability and customization to align with their specific requirements. The market is shaped by trends in digital transformation, open banking, and a growing demand for technology-driven financial solutions tailored for the corporate sector.

 

Embedded Banking Services Market Segmentation

By Type

• Cloud-Based
• On-Premise

By Application

• Large Enterprise
• Small and Medium Enterprise (SMEs)

By Service

• Payments and Transfers
• Lending and Credit
• Financial Analytics
• Others

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Embedded Banking Services Market Companies

• Plaid
• Mambu
• Rapyd
• Thought Machine
• Solarisbank
• 10x Future Technologies
• Railsbank
• BBVA Open Platform
• Finxact
• Hydrogen
• Synapse
• Treasury Prime

*List not exhaustive

Embedded Banking Services Market Outlook 2023

1 Market Overview

1.1 Introduction to the Embedded Banking Services Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Embedded Banking Services Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Embedded Banking Services Market Companies with Area Served

4.2.2 Products Offerings Global Embedded Banking Services Market

 

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 post-COVID-19 Scenario- Low Growth Case

5.1.3 post-COVID-19 Scenario- Reference Growth Case

5.1.4 post-COVID-19 Scenario- Low Growth Case

 

6 Global Embedded Banking Services Market Trends

6.1 Global Embedded Banking Services Revenue (USD Million) and CAGR (%) by Type (2018-2030)

6.2 Global Embedded Banking Services Revenue (USD Million) and CAGR (%) by Applications (2018-2030)

6.3 Global Embedded Banking Services Revenue (USD Million) and CAGR (%) by regions (2018-2030)

 

7 Global Embedded Banking Services Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Embedded Banking Services Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Embedded Banking Services Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Embedded Banking Services Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Embedded Banking Services Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Embedded Banking Services Development Regional Status and Outlook

8.1 Global Embedded Banking Services Revenue (USD Million) By Regions (2018-2022)

8.2 North America Embedded Banking Services Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Embedded Banking Services Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Embedded Banking Services Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Embedded Banking Services Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Embedded Banking Services Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Embedded Banking Services Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Embedded Banking Services Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Embedded Banking Services Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Embedded Banking Services Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Embedded Banking Services Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Embedded Banking Services Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Embedded Banking Services Revenue (USD Million) by Applications (2018-2022)

8.5 South America Embedded Banking Services Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Embedded Banking Services Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Embedded Banking Services Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Embedded Banking Services Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Embedded Banking Services Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Embedded Banking Services Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Embedded Banking Services Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Embedded Banking Services Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Embedded Banking Services Market Revenue (USD Million), by Type, and Applications (2023-2030)

10.1 Global Embedded Banking Services Revenue (USD Million) and Market Share (%) by Type (2023-2030)

10.1.1 Global Embedded Banking Services Revenue (USD Million), and Market Share (%) by Type (2023-2030)

10.2 Global Embedded Banking Services Revenue (USD Million) and Market Share (%) by Applications (2023-2030)

10.2.1 Global Embedded Banking Services Revenue (USD Million), and Market Share (%) by Applications (2023-2030)

 

11 Global Embedded Banking Services Development Regional Status and Outlook Forecast

11.1 Global Embedded Banking Services Revenue (USD Million) By Regions (2023-2030)

11.2 North America Embedded Banking Services Revenue (USD Million) by Type, and Applications (2023-2030)

11.2.1 North America Embedded Banking Services Revenue (USD) Million by Country (2023-2030)

11.2.2 North America Embedded Banking Services Revenue (USD Million), by Type (2023-2030)

11.2.3 North America Embedded Banking Services Revenue (USD Million), Market Share (%) by Applications (2023-2030)

11.3 Europe Embedded Banking Services Revenue (USD Million), by Type, and Applications (2023-2030)

11.3.1 Europe Embedded Banking Services Revenue (USD Million), by Country (2023-2030)

11.3.2 Europe Embedded Banking Services Revenue (USD Million), by Type (2023-2030)

11.3.3 Europe Embedded Banking Services Revenue (USD Million), by Applications (2023-2030)

11.4 Asia Pacific Embedded Banking Services Revenue (USD Million) by Type, and Applications (2023-2030)

11.4.1 Asia Pacific Embedded Banking Services Revenue (USD Million), by Country (2023-2030)

11.4.2 Asia Pacific Embedded Banking Services Revenue (USD Million), by Type (2023-2030)

11.4.3 Asia Pacific Embedded Banking Services Revenue (USD Million), by Applications (2023-2030)

11.5 South America Embedded Banking Services Revenue (USD Million), by Type, and Applications (2023-2030)

11.5.1 South America Embedded Banking Services Revenue (USD Million), by Country (2023-2030)

11.5.2 South America Embedded Banking Services Revenue (USD Million), by Type (2023-2030)

11.5.3 South America Embedded Banking Services Revenue (USD Million), by Applications (2023-2030)

11.6 Middle East and Africa Embedded Banking Services Revenue (USD Million), by Type, and Applications (2023-2030)

11.6.1 Middle East and Africa Embedded Banking Services Revenue (USD Million), by region (2023-2030)

11.6.2 Middle East and Africa Embedded Banking Services Revenue (USD Million), by Type (2023-2030)

11.6.3 Middle East and Africa Embedded Banking Services Revenue (USD Million), by Applications (2023-2030)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Embedded Banking Services Market Companies with Areas Served

Table 3 Products Offerings Global Embedded Banking Services Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Embedded Banking Services Revenue (USD Million) And CAGR (%) By Type (2018-2030)

Table 8 Global Embedded Banking Services Revenue (USD Million) And CAGR (%) By Applications (2018-2030)

Table 9 Global Embedded Banking Services Revenue (USD Million) And CAGR (%) By Regions (2018-2030)

Table 10 Global Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Table 11 Global Embedded Banking Services Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Embedded Banking Services Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Embedded Banking Services Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Embedded Banking Services Market Share (%) By Regions (2018-2022)

Table 16 North America Embedded Banking Services Revenue (USD Million) By Country (2018-2022)

Table 17 North America Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Table 18 North America Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Embedded Banking Services Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Embedded Banking Services Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Embedded Banking Services Revenue (USD Million) By Country (2018-2022)

Table 26 South America Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Table 27 South America Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Table 31 Financial Analysis

Table 32 Global Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Table 33 Global Embedded Banking Services Revenue Market Share (%) By Type (2023-2030)

Table 34 Global Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Table 35 Global Embedded Banking Services Revenue Market Share (%) By Applications (2023-2030)

Table 36 Global Embedded Banking Services Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)

Table 37 North America Embedded Banking Services Revenue (USD)By Country (2023-2030)

Table 38 North America Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Table 39 North America Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Table 40 Europe Embedded Banking Services Revenue (USD Million) By Country (2023-2030)

Table 41 Europe Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Table 42 Europe Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Table 43 Asia Pacific Embedded Banking Services Revenue (USD Million) By Country (2023-2030)

Table 44 Asia Pacific Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Table 45 Asia Pacific Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Table 46 South America Embedded Banking Services Revenue (USD Million) By Country (2023-2030)

Table 47 South America Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Table 48 South America Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Table 49 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Region (2023-2030)

Table 50 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Region (2023-2030)

Table 51 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Table 52 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

List of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Embedded Banking Services Revenue Market Share (%) By Type (2022)

Figure 5 Global Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Embedded Banking Services Revenue Market Share (%) By Applications (2022)

Figure 7 Global Embedded Banking Services Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Embedded Banking Services Market Share (%) By Regions (2022)

Figure 9 North America Embedded Banking Services Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Embedded Banking Services Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Embedded Banking Services Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Embedded Banking Services Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Figure 25 Global Embedded Banking Services Revenue Market Share (%) By Type (2030)

Figure 26 Global Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Figure 27 Global Embedded Banking Services Revenue Market Share (%) By Applications (2030)

Figure 28 Global Embedded Banking Services Market Revenue (USD Million) By Regions (2023-2030)

Figure 29 North America Embedded Banking Services Revenue (USD Million) By Country (2023-2030)

Figure 30 North America Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Figure 31 North America Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Figure 32 Europe Embedded Banking Services Revenue (USD Million) By Country (2023-2030)

Figure 33 Europe Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Figure 34 Europe Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Figure 35 Asia Pacific Embedded Banking Services Revenue (USD Million) By Country (2023-2030)

Figure 36 Asia Pacific Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Figure 37 Asia Pacific Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Figure 38 South America Embedded Banking Services Revenue (USD Million) By Country (2023-2030)

Figure 39 South America Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Figure 40 South America Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Figure 41 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Region (2023-2030)

Figure 42 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Region (2023-2030)

Figure 43 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Type (2023-2030)

Figure 44 Middle East and Africa Embedded Banking Services Revenue (USD Million) By Applications (2023-2030)

Figure 45 Bottom-Up and Top-Down Approaches for This Report

Figure 46 Data Triangulation

 

Embedded Banking Services Market Segmentation

By Type

• Cloud-Based
• On-Premise

By Application

• Large Enterprise
• Small and Medium Enterprise (SMEs)

By Service

• Payments and Transfers
• Lending and Credit
• Financial Analytics
• Others

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)