According to the embedded banking market analysis carried out by Future Market Insights (FMI), the demand in the market will grow at a noteworthy CAGR of around 22.1% from 2022-2032. The report states that the market is expected to reach a valuation of US$ 14.5 Bn by end of 2022.
As per Future Market Insights, by lowering the barriers to entry for various products and services, embedded finance has already begun to streamline financial processes in both consumer and business commerce. The integration of financial services or tools – traditionally obtained through a bank – within the products or services of a non-financial organization is known as embedded finance.
Previously, people had to go to a bank practically to get a loan, or a business buyer had to spend hours filling out paperwork to get trade credit. These services are now easily accessible at the point of purchase.
Another persuasive factor for investing in embedded banking is the potential for extra income. In comparison to registering independent software, technology companies can assist users in increasing revenue by more than 5X by adding embedded services to existing services.
Exchanges, loans, and other FinTech features generate more revenue. As a result, an increasing number of FinTech businesses are establishing because they see significant growth opportunities ahead. To generate new revenue streams, various FinTech companies take advantage of brand strength, distribution potential, and existing close customer relationships.
“Personalizing offers for small and mid-sized organizations is currently expensive for banks due to legacy technology, outdated business models, and manual processes. However, the expanding financial ecosystem for small and mid-sized organizations offers a variety of opportunities for new businesses to meet their needs, as well as for banks to introduce their services via embedded baking platforms,” says an FMI analyst.
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Key Takeaways:
· By solution, the embedded banking platform API segment is estimated to grow at a robust CAGR of 24.0% through 2032.
· Based on organizations, sales in the large organizations segment is anticipated to grow at a CAGR of 21.1% over the forecast period.
· Demand in the U.S. is expected to increase at a CAGR of around 18.9% through 2032.
· Embedded banking market in China is estimated to grow at a substantial CAGR of 24.8% in the forecast period. The country is anticipated to record an absolute opportunity of ~US$ 11.5 Bn over the forecast period.
Competition Landscape
- Bankable,
- Banxware,
- Bond,
- Cross River,
- Finix,
- Flywire,
- Marqeta,
- MX,
- OpenPayd,
- Plaid,
- Q2,
- Railsbank,
- Synapse,
- Tink, and
- UNIPaaS Payments Technologies
are some of the leading players operating in the global embedded banking market.
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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)
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Solution Innovation / Development Trends
4. Market – Pricing Analysis
4.1. Types of Pricing Models
4.2. Average Pricing Benchmark Analysis
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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