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REPORT SCOPE & OVERVIEW

The Banking As a Service Market size was USD 22.8 billion in 2022 and is expected to Reach USD 77.2 billion by 2030 and grow at a CAGR of 16.42 % over the forecast period of 2023-2030. 

Banking As a Service and FinTech industries are showing more interest on banking-as-a-service platform for enhancing their business processes and providing secure contactless payments to speed up their payment transaction process. Due to factors like technical development, rising demand for digital financial services, and the need for quicker and more effective banking solutions, the BaaS market has seen tremendous expansion in recent years. Account management, payments processing, compliance and risk management, customer assistance, and access to financial data via APIs are just a few of the services that BaaS providers often provide. A variety of participants are drawn to this market, including traditional banks that are extending their offerings to include BaaS as well as fintech firms and technology platforms that are collaborating with banks to provide banking services. Fintech start-ups, e-commerce sites, mobile apps, and non-financial businesses looking to include financial services in their offers are just a few of the diverse clientele that BaaS providers serve. Accelerated speed to market, lower costs, scalability, access to pre-existing banking infrastructure, and regulatory compliance are some benefits of BaaS. In order to provide financial services to its clients, it enables non-banking enterprises to concentrate on their core capabilities while utilizing the knowledge of their banking partners. BaaS encourages innovation and competition in the financial services sector and makes it possible for new entrants to provide banking services without having to get significant regulatory licenses or create intricate banking infrastructure.

Banking As a Service Market Revenue Analysis

 In recent years, traditional banks have slowly begun to replace their reliance on paper with a more secure, digital administration of their business. However, licensed banks are constrained by infrastructure and technology in their ability to give customers individualized services. The number of non-finance and newer fintech companies giving customers more individualized services has dramatically expanded as a result of the risk associated with obtaining banking licenses. Additionally, governments all over the world are constantly pressing companies that offer digital financial services to enhance their product lines, which is anticipated to accelerate sector growth.

MARKET DYNAMICS

KEY DRIVERS

  • Use of increasing Digital Transformation Technology in Banks drive the market growth.

  • BaaS providers offer APIs that allow seamless integration with their clients' systems and processes

Increasing demand for banking-as-a-service infrastructure to boost business values, an increase in the use of digital transformation technology in banks to streamline financial services, and the incorporation of artificial intelligence into banking-as-a-service platforms are all anticipated to provide lucrative opportunities for market growth.

RESTRAIN

  • Limitation in Customizing the services.

lack of flexibility to customize their offerings to meet the specific needs of their clients can limit the ability of banks to differentiate themselves in the market.

OPPORTUNITY

  • BaaS can help banks acquire and retain customers

  • By partnering with BaaS providers, banks can expand their offerings and reach new customer segments

by offering convenient and accessible banking services. this is particularly important in the digital age, where customers are increasingly looking for user-friendly and personalized banking experiences.

CHALLENGES

  • Challenges from Competitors.

Increasing competition from traditional, fintechs, and other non-financial businesses. This competition can lead to pricing pressures and reduced margins for BaaS providers.

IMPACT OF RUSSIAN UKRAINE WAR

Russia-Ukraine conflict escalates and leads to broader regional instability or global economic shocks, it could result in increased market volatility. Fluctuations in currency exchange rates, interest rates, and commodity prices can impact the profitability and operations of financial institutions, including those providing BaaS services. due to geopolitical instability the BaaS industry in India, this could influence funding opportunities for fintech companies and start-ups. Investors may become more cautious or hesitant to invest, leading to a potential slowdown in funding for BaaS providers in India. Russian banks have suffered heavy financial losses due to sanctions and the loss of presence in neighbouring countries The war has led to a run on deposits and forced banks like Sberbank to close European branches Subsidiaries of foreign banks remain one of Russia's last links to the Western financial system given that more than 80% of Russian bank assets are affected by sanctions and nearly 64% of total sector assets have been excluded from SWIFT due to this conflicts RBI and UniCredit are still undecided on a potential pull-out and reluctant to accept major losses. Russia was a significant source of profit for both banks in 2022.

IMPACT OF ONGOING RECESSION

Banks are likely to experience reduced profits due to the recession. Consumers and businesses are likely to curb their spending, leading to a decrease in demand for loans and other financial services. Banks are likely to increase their focus on digital transformation during a recession This is because digital channels can help banks reduce costs and improve efficiency, which is particularly important during a recession when profits are under pressure. counterparts such as First Republic face a much tougher slog and a fight for survival. the Federal Reserve interest rate hikes aimed purposely at cooling the economy and bringing down inflation, and the constraints on small-bank lending. First Republic, for one, reported that it suffered a more than 40% decline in deposits, part of a $563 billion drawdown this year among U.S. banks that will make it tougher to lend. As banks report the impact that a run on deposits has had on their operations, the picture is a mixed one Larger institution like JPMorgan Chase and Bank of America sustained far less of a hit, while smaller counterparts such as First Republic face a much tougher slog and a fight for survival. the Federal Reserve interest rate hikes aimed purposely at cooling the economy and bringing down inflation, and the constraints on small-bank lending. First Republic, for one, reported that it suffered a more than 40% decline in deposits, part of a $563 billion drawdown this year among U.S. banks that will make it tougher to lend.

KEY MARKET SEGMENTS 

By Product Type

  • API

  • Cloud-based BaaS

By Component

  • Platform

  • Services

By Enterprise Size

  • Large

  • SME

By End-User

  • Banks

  • FinTech Corporation

  • NBFC

  • others

Banking As a Service Market Segmentation Analysis

Region Coverage:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

REGIONAL ANALYSIS

North America is one of the leading regions in the BaaS market, the region has a high adoption rate of fintech technologies and is home to many BaaS providers The US, Canada, and Mexico are the major countries contributing to the growth of the BaaS market in North America. In 2021, North America dominated the market globally, accounting for the highest revenue share of more than 34.10%. The establishment of the BaaS industry is credited with the expansion of regional technology firms including PayPal Holdings, Inc., Green Dot Bank, and others. For instance, the U.K.-based company Finastra announced a BaaS partnership with Microsoft in April 2022 to provide alternative lending alternatives to Small and Medium Enterprises (SMEs). Through this partnership, SME owners can quickly and easily obtain relevant and valuable company funding.

 Asia Pacific is anticipated to grow at the fastest rate. During the projected period, The rapid development of this region can be attributed to an increase in BaaS awareness in countries like China, India, and Japan. The Asia Pacific region is expected to witness significant growth in the BaaS market the region has a large population and a growing demand for digital banking services. China, India, and Japan are the major countries contributing to the growth of the BaaS market in the Asia Pacific region. the spread of the     region is also projected to be aided by a number of international initiatives by organizations to promote BaaS in Asia Pacific.

KEY PLAYERS

The major key players in the Banking As a Service Market are Green Dot Bank, Solarisbank AG, PayPal Holdings, Inc., Fidor Solutions AG, Moven Enterprise, The Currency Cloud Ltd., Treezor, Match Move Pay Pte Ltd., Block, Inc., Bnkbl Ltd. and other players.

Solarisbank AG-Company Financial Analysis

RECENT DEVELOPMENTS

Finastra:

Finastra announced in July 2022 that it would provide mid-tier banks in the Asia Pacific area with HSBC's Foreign Exchange services through the use of its own Fusion Fabric cloud platform in a BaaS environment.

Mondu:

In April 2022 in order to offer the Buy Now, Pay Later services to online B2B marketplaces and merchants, a German firm named Mondu teamed up with Raisin Bank, a supplier of BaaS, through direct communication with online shops, the BNPL solution from Mondu now makes it possible to establish appropriate payment plans.

Banking As a Service Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 22.8 Bn
Market Size by 2030  US$ 77.2 Bn
CAGR   CAGR of 16.42 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (API, Cloud-based BaaS)
• By Component (Platform, Services)
• By Enterprise Size (Large, SME)
• By End-user (Banks, FinTech Corporation, NBFC, others)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Green Dot Bank, Solarisbank AG, PayPal Holdings, Inc., Fidor Solutions AG, Moven Enterprise, The Currency Cloud Ltd., Treezor, Match Move Pay Pte Ltd., Block, Inc., Bnkbl Ltd.
Key Drivers • Use of increasing Digital Transformation Technology in Banks drive the market growth.
• BaaS providers offer APIs that allow seamless integration with their clients' systems and processes
Market Restraints • Limitation in Customizing the services.

 

Frequently Asked Questions

Ans. The Compound Annual Growth rate for Banking As a Service Market over the forecast period is 16.42 %.

Ans. USD 77.2 Billion is the projected Banking As a Service Market size of the Company by 2030.

Ans. A small and medium size enterprise segment will grow at a highest CAGR of 19.8% during 2022 to 2030.

 Ans. by including revenue enhancement, acquisition and retention, cost reduction, innovation, API integration, and future-proofing. By leveraging these opportunities, banks can enhance their offerings, improve their efficiency, and remain competitive in the digital age.

Ans. APIs play a crucial role in BaaS by allowing seamless integration with clients' systems and processes. This enables banks and other financial institutions to leverage the BaaS infrastructure while maintaining control over their core banking operations.

TABLE OF CONTENT

1. Introduction
1.1 Company Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Banking As a Service Market Segmentation, by Product Type
8.1 API
8.2 Cloud-Based BaaS

9. Banking As a Service Market Segmentation, by Component
9.1 Platform
9.2 Services

10. Banking As a Service Market Segmentation, by Enterprise Size
10.1 Large
10.2 SME

11.  Banking As a Service Market Segmentation, by End-User
11.1 Banks
11.2 FinTech Corporation
11.3 NBFC
11.4 others

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Banking As a Service Market by Country
12.2.2North America Banking As a Service Market by Product Type
12.2.3 North America Banking As a Service Market by Component
12.2.4 North America Banking As a Service Market by Enterprise Size
12.2.5 North America Banking As a Service Market by End-User
12.2.6 USA
12.2.6.1 USA Banking As a Service Market by Product Type
12.2.6.2 USA Banking As a Service Market by Component
12.2.6.3 USA Banking As a Service Market by Enterprise Size
12.2.6.4 USA Banking As a Service Market by End-User
12.2.7 Canada
12.2.7.1 Canada Banking As a Service Market by Product Type
12.2.7.2 Canada Banking As a Service Market by Component
12.2.7.3 Canada Banking As a Service Market by Enterprise Size
12.2.7.4 Canada Banking As a Service Market by End-User
12.2.8 Mexico
12.2.8.1 Mexico Banking As a Service Market by Product Type
12.2.8.2 Mexico Banking As a Service Market by Component
12.2.8.3 Mexico Banking As a Service Market by Enterprise Size
12.2.8.4 Mexico Banking As a Service Market by End-User
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Banking As a Service Market by Country
12.3.1.2 Eastern Europe Banking As a Service Market by Product Type
12.3.1.3 Eastern Europe Banking As a Service Market by Component
12.3.1.4 Eastern Europe Banking As a Service Market by Enterprise Size
12.3.1.5 Eastern Europe Banking As a Service Market by End-User
12.3.1.6 Poland
12.3.1.6.1 Poland Banking As a Service Market by Product Type
12.3.1.6.2 Poland Banking As a Service Market by Component
12.3.1.6.3 Poland Banking As a Service Market by Enterprise Size
12.3.1.6.4 Poland Banking As a Service Market by End-User
12.3.1.7 Romania
12.3.1.7.1 Romania Banking As a Service Market by Product Type
12.3.1.7.2 Romania Banking As a Service Market by Component
12.3.1.7.3 Romania Banking As a Service Market by Enterprise Size
12.3.1.7.4 Romania Banking As a Service Market by End-User
12.3.1.8 Hungary
12.3.1.8.1 Hungary Banking As a Service Market by Product Type
12.3.1.8.2 Hungary Banking As a Service Market by Component
12.3.1.8.3 Hungary Banking As a Service Market by Enterprise Size
12.3.1.8.4 Hungary Banking As a Service Market by End-User
12.3.1.9 Turkey
12.3.1.9.1 Turkey Banking As a Service Market by Product Type
12.3.1.9.2 Turkey Banking As a Service Market by Component
12.3.1.9.3 Turkey Banking As a Service Market by Enterprise Size
12.3.1.9.4 Turkey Banking As a Service Market by End-User
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Banking As a Service Market by Product Type
12.3.1.10.2 Rest of Eastern Europe Banking As a Service Market by Component
12.3.1.10.3 Rest of Eastern Europe Banking As a Service Market by Enterprise Size
12.3.1.10.4 Rest of Eastern Europe Banking As a Service Market by End-User
12.3.2 Western Europe
12.3.2.1 Western Europe Banking As a Service Market by Country
12.3.2.2 Western Europe Banking As a Service Market by Product Type
12.3.2.3 Western Europe Banking As a Service Market by Component
12.3.2.4 Western Europe Banking As a Service Market by Enterprise Size
12.3.2.5 Western Europe Banking As a Service Market by End-User
12.3.2.6 Germany
12.3.2.6.1 Germany Banking As a Service Market by Product Type
12.3.2.6.2 Germany Banking As a Service Market by Component
12.3.2.6.3 Germany Banking As a Service Market by Enterprise Size
12.3.2.6.4 Germany Banking As a Service Market by End-User
12.3.2.7 France
12.3.2.7.1 France Banking As a Service Market by Product Type
12.3.2.7.2 France Banking As a Service Market by Component
12.3.2.7.3 France Banking As a Service Market by Enterprise Size
12.3.2.7.4 France Banking As a Service Market by End-User
12.3.2.8 UK
12.3.2.8.1 UK Banking As a Service Market by Product Type
12.3.2.8.2 UK Banking As a Service Market by Component
12.3.2.8.3 UK Banking As a Service Market by Enterprise Size
12.3.2.8.4 UK Banking As a Service Market by End-User
12.3.2.9 Italy
12.3.2.9.1 Italy Banking As a Service Market by Product Type
12.3.2.9.2 Italy Banking As a Service Market by Component
12.3.2.9.3 Italy Banking As a Service Market by Enterprise Size
12.3.2.9.4 Italy Banking As a Service Market by End-User
12.3.2.10 Spain
12.3.2.10.1 Spain Banking As a Service Market by Product Type
12.3.2.10.2 Spain Banking As a Service Market by Component
12.3.2.10.3 Spain Banking As a Service Market by Enterprise Size
12.3.2.10.4 Spain Banking As a Service Market by End-User
12.3.2.11 Netherlands
12.3.2.11.1 Netherlands Banking As a Service Market by Product Type
12.3.2.11.2 Netherlands Banking As a Service Market by Component
12.3.2.11.3 Netherlands Banking As a Service Market by Enterprise Size
12.3.2.11.4 Netherlands Banking As a Service Market by End-User
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Banking As a Service Market by Product Type
12.3.2.12.2 Switzerland Banking As a Service Market by Component
12.3.2.12.3 Switzerland Banking As a Service Market by Enterprise Size
12.3.2.12.4 Switzerland Banking As a Service Market by End-User
12.3.2.13 Austria
12.3.2.13.1 Austria Banking As a Service Market by Product Type
12.3.2.13.2 Austria Banking As a Service Market by Component
12.3.2.13.3 Austria Banking As a Service Market by Enterprise Size
12.3.2.13.4 Austria Banking As a Service Market by End-User
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Banking As a Service Market by Product Type
12.3.2.14.2 Rest of Western Europe Banking As a Service Market by Component
12.3.2.14.3 Rest of Western Europe Banking As a Service Market by Enterprise Size
12.3.2.14.4 Rest of Western Europe Banking As a Service Market by End-User
12.4 Asia-Pacific
12.4.1 Asia Pacific Banking As a Service Market by Country
12.4.2 Asia Pacific Banking As a Service Market by Product Type
12.4.3 Asia Pacific Banking As a Service Market by Component
12.4.4 Asia Pacific Banking As a Service Market by Enterprise Size
12.4.5 Asia Pacific Banking As a Service Market by End-User
12.4.6 China
12.4.6.1 China Banking As a Service Market by Product Type
12.4.6.2 China Banking As a Service Market by Component
12.4.6.3 China Banking As a Service Market by Enterprise Size
12.4.6.4 China Banking As a Service Market by End-User
12.4.7 India
12.4.7.1 India Banking As a Service Market by Product Type
12.4.7.2 India Banking As a Service Market by Component
12.4.7.3 India Banking As a Service Market by Enterprise Size
12.4.7.4 India Banking As a Service Market by End-User
12.4.8 Japan
12.4.8.1 Japan Banking As a Service Market by Product Type
12.4.8.2 Japan Banking As a Service Market by Component
12.4.8.3 Japan Banking As a Service Market by Enterprise Size
12.4.8.4 Japan Banking As a Service Market by End-User
12.4.9 South Korea
12.4.9.1 South Korea Banking As a Service Market by Product Type
12.4.9.2 South Korea Banking As a Service Market by Component
12.4.9.3 South Korea Banking As a Service Market by Enterprise Size
12.4.9.4 South Korea Banking As a Service Market by End-User
12.4.10 Vietnam
12.4.10.1 Vietnam Banking As a Service Market by Product Type
12.4.10.2 Vietnam Banking As a Service Market by Component
12.4.10.3 Vietnam Banking As a Service Market by Enterprise Size
12.4.10.4 Vietnam Banking As a Service Market by End-User
12.4.11 Singapore
12.4.11.1 Singapore Banking As a Service Market by Product Type
12.4.11.2 Singapore Banking As a Service Market by Component
12.4.11.3 Singapore Banking As a Service Market by Enterprise Size
12.4.11.4 Singapore Banking As a Service Market by End-User
12.4.12 Australia
12.4.12.1 Australia Banking As a Service Market by Product Type
12.4.12.2 Australia Banking As a Service Market by Component
12.4.12.3 Australia Banking As a Service Market by Enterprise Size
12.4.12.4 Australia Banking As a Service Market by End-User
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Banking As a Service Market by Product Type
12.4.13.2 Rest of Asia-Pacific APAC Banking As a Service Market by Component
12.4.13.3 Rest of Asia-Pacific Banking As a Service Market by Enterprise Size
12.4.13.4 Rest of Asia-Pacific Banking As a Service Market by End-User
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Banking As a Service Market by Country
12.5.1.2 Middle East Banking As a Service Market by Product Type
12.5.1.3 Middle East Banking As a Service Market by Component
12.5.1.4 Middle East Banking As a Service Market by Enterprise Size
12.5.1.5 Middle East Banking As a Service Market by End-User
12.5.1.6 UAE
12.5.1.6.1 UAE Banking As a Service Market by Product Type
12.5.1.6.2 UAE Banking As a Service Market by Component
12.5.1.6.3 UAE Banking As a Service Market by Enterprise Size
12.5.1.6.4 UAE Banking As a Service Market by End-User
12.5.1.7 Egypt
12.5.1.7.1 Egypt Banking As a Service Market by Product Type
12.5.1.7.2 Egypt Banking As a Service Market by Component
12.5.1.7.3 Egypt Banking As a Service Market by Enterprise Size
12.5.1.7.4 Egypt Banking As a Service Market by End-User
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Banking As a Service Market by Product Type
12.5.1.8.2 Saudi Arabia Banking As a Service Market by Component
12.5.1.8.3 Saudi Arabia Banking As a Service Market by Enterprise Size
12.5.1.8.4 Saudi Arabia Banking As a Service Market by End-User
12.5.1.9 Qatar
12.5.1.9.1 Qatar Banking As a Service Market by Product Type
12.5.1.9.2 Qatar Banking As a Service Market by Component
12.5.1.9.3 Qatar Banking As a Service Market by Enterprise Size
12.5.1.9.4 Qatar Banking As a Service Market by End-User
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Banking As a Service Market by Product Type
12.5.1.10.2 Rest of Middle East Banking As a Service Market by Component
12.5.1.10.3 Rest of Middle East Banking As a Service Market by Enterprise Size
12.5.1.10.4 Rest of Middle East Banking As a Service Market by End-User
12.5.2. Africa
12.5.2.1 Africa Banking As a Service Market by Country
12.5.2.2 Africa Banking As a Service Market by Product Type
12.5.2.3 Africa Banking As a Service Market by Component
12.5.2.4 Africa Banking As a Service Market by Enterprise Size
12.5.2.5 Africa Banking As a Service Market by End-User
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Banking As a Service Market by Product Type
12.5.2.6.2 Nigeria Banking As a Service Market by Component
12.5.2.6.3 Nigeria Banking As a Service Market by Enterprise Size
12.5.2.6.4 Nigeria Banking As a Service Market by End-User
12.5.2.7 South Africa
12.5.2.7.1 South Africa Banking As a Service Market by Product Type
12.5.2.7.2 South Africa Banking As a Service Market by Component
12.5.2.7.3 South Africa Banking As a Service Market by Enterprise Size
12.5.2.7.4 South Africa Banking As a Service Market by End-User
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Banking As a Service Market by Product Type
12.5.2.8.2 Rest of Africa Banking As a Service Market by Component
12.5.2.8.3 Rest of Africa Banking As a Service Market by Enterprise Size
12.5.2.8.4 Rest of Africa Banking As a Service Market by End-User
12.6. Latin America
12.6.1 Latin America Banking As a Service Market by Country
12.6.2 Latin America Banking As a Service Market by Product Type
12.6.3 Latin America Banking As a Service Market by Component
12.6.4 Latin America Banking As a Service Market by Enterprise Size
12.6.5 Latin America Banking As a Service Market by End-User
12.6.6 Brazil
12.6.6.1 Brazil Banking As a Service Market by Product Type
12.6.6.2 Brazil Africa Banking As a Service Market by Component
12.6.6.3 Brazil Banking As a Service Market by Enterprise Size
12.6.6.4 Brazil Banking As a Service Market by End-User
12.6.7 Argentina
12.6.7.1 Argentina Banking As a Service Market by Product Type
12.6.7.2 Argentina Banking As a Service Market by Component
12.6.7.3 Argentina Banking As a Service Market by Enterprise Size
12.6.7.4 Argentina Banking As a Service Market by End-User
12.6.8 Colombia
12.6.8.1 Colombia Banking As a Service Market by Product Type
12.6.8.2 Colombia Banking As a Service Market by Component
12.6.8.3 Colombia Banking As a Service Market by Enterprise Size
12.6.8.4 Colombia Banking As a Service Market by End-User
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Banking As a Service Market by Product Type
12.6.9.2 Rest of Latin America Banking As a Service Market by Component
12.6.9.3 Rest of Latin America Banking As a Service Market by Enterprise Size
12.6.9.4 Rest of Latin America Banking As a Service Market by End-User

13 Company Profile
13.1 Green Dot Bank
13.1.1 Company Overview
13.1.2 Financials
13.1.3Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Solarisbank AG
13.2.1 Company Overview
13.2.2 Financials
13.2.3Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 PayPal Holdings Inc.
13.3.1 Company Overview
13.3.2 Financials
13.3.3Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Fidor Solutions AG
13.4.1 Company Overview
13.4.2 Financials
13.4.3Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Moven Enterprise
13.5.1 Company Overview
13.5.2 Financials
13.5.3Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 The Currency Cloud Ltd.
13.6.1 Company Overview
13.6.2 Financials
13.6.3Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Treezor
13.7.1 Company Overview
13.7.2 Financials
13.7.3Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Match Move Pay Pte Ltd.
13.8.1 Company Overview
13.8.2 Financial
13.8.3Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Block, Inc.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Service/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Bnkbl Ltd.
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Service/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Company Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. USE Cases and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

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