Fintech

The Fintech as a Service market is booming all over the world

Published

9 months ago

27 July, 2024

Fintech as a service market

Archive Market Research has released the latest study on Global Fintech As A Service Market Growth Outlook 2024-2032, which provides an opportunity to better understand the details about the fundamental restructuring and growth prognosis in the online apparel market. This study offers current relevant facts and correlations and elaborates long-term sustainable strategic and operational suggestions adopted by leading and emerging manufacturers. The industry faces an unprecedented shift with regard to the far-reaching effects it will have on the industry and its users and how it has been factored into the market trajectory and growth cycle of players such as PayPal Holdings, Inc., Block, Inc., Mastercard Incorporated, Envestnet, Inc., Upstart Holdings, Inc., Rapyd Financial Network Ltd., Solid Financial Technologies, Inc., Railsbank Technology Ltd., Synctera Inc., Braintree.

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Definition: The Fintech as a Service market size was valued at USD 307.29 billion in 2023 and is expected to reach USD 950.20 billion by 2032, exhibiting a CAGR of 17.5% during the forecast period. Fintech as a Service (FaaS) is a model where fintech companies act as service providers for other companies, enabling them to offer financial services without the need for in-house technology creation. FaaS includes a whole range of services such as payment, lending, banking, and wealth management. With the help of FaaS, new financial functions can be easily added to existing platforms and ultimately, the best experience provided to customers as well as a more efficient business flow. This approach allows companies to rely on their own strengths and at the same time collaborate with innovative and compliant fintech companies. There is no doubt that FaaS is revolutionizing the financial industry because it levels the playing field when it comes to the application of advanced financial technologies.

Major players mentioned in this report include: PayPal Holdings, Inc., Block, Inc., Mastercard Incorporated, Envestnet, Inc., Upstart Holdings, Inc., Rapyd Financial Network Ltd., Solid Financial Technologies, Inc., Railsbank Technology Ltd ., Synctera Inc., Braintree.

Global Fintech As A Service market manufacturing cost structure analysis is based on the main chain structure, engineering process, raw materials, and suppliers. The manufacturing facility is developed for the market needs and new technology development. In addition, the attractiveness of the Global Fintech As A Service market by country, end-user, and other measures is also provided, allowing the reader to assess the most profitable or commercial areas for investment. The study also provides a special chapter designed (qualitative) to highlight the problems faced by industry players in their production cycle and supply chain.

The following illustrates the global Fintech as a Service market segments and the market data breakdown: Type: Payment, Fund Transfer, Lending

1. SIGNIFICANT DEVELOPMENTS IN THE FINTECH-AS-A-SERVICE SECTOR:
PayPal Acquires Braintree
Block Acquires Square
Mastercard Acquires Finicity
Envestnet Acquires Yodlee

2. EMERGING TRENDS IN THE FINTECH AS A SERVICE MARKET:
Open Bank
Digital Bank
Banking services for smartphones
Fintech as a Service (FaaS)
Reg Technology

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Geographically, the global Fintech As A Service markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East & Africa, and Latin America. North America has gained a leading position in the global market and is expected to remain so for many years to come. The growing demand for global Fintech As A Service markets will drive the growth of the North American market in the coming years.

In the last section of the report, the companies responsible for the increase in sales in the Global Fintech As A Service Market have been introduced. These companies have been analyzed in terms of their production base, background information, and competitors. In addition, the application and type of product introduced by each of these companies also form a vital part of this section of the report. The recent improvements that have taken place in the global market and their influence on the future growth of the market have also been presented through this study.

Report Highlights:
• Complete overview of the parent market and the replacement market
• In-depth market segmentation (trends, growth with historical and forecast analysis)
• Recent industry trends and development activities
• Competitive landscape (heat map analysis for emerging players and market share analysis for major players along with detailed profiles)

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Strategic points covered in the global Fintech as a Service market index:
Chapter 1: Introduction, Driving Force of the Market Objective of the Study and Scope of Research The Fintech as a Service Market
Chapter 2: Exclusive Summary: Basic information about Fintech as a Service market.
Chapter 3: Evolution of the impact on market dynamics: drivers, trends, challenges and opportunities of Fintech as a service;
Chapter 4: Introducing the Fintech as a Service Market Factor Analysis, Porter’s Five Forces, Supply/Value Chain, PESTEL Analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: View by Type, End User and Region/Country 2019-2024
Chapter 6: Evaluation of the major manufacturers of the Fintech As A Service market which includes its competitive landscape, peer group analysis, BCG matrix and company profile
Chapter 7: Assess the market by segments, by countries and by manufacturers/companies with revenue share and sales by key countries in these various regions (2024-2032)
…………….

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Answers to key questions
• Who are the major key players and what are their major business plans in the global Fintech as a Service market?
• What are the key concerns of the five forces analysis of the global Fintech As A Service market?
• What are the different prospects and threats faced by the retailers in the global Fintech As A Service market?
• What possible measures are players taking to overcome and stabilize the situation?

Thank you for reading this article; you can also get a version of the report for individual chapters or by region, such as North America, Middle East, Africa, Europe or Latin America, Asia.

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Market Research Archive
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About the author:
Archive Market Research is a global market research leader, providing Fortune 500 companies with quantified B2B research on emerging, high-growth opportunities that will impact more than 80% of global corporate revenue.
Our analyst is tracking a high growth study with detailed and in-depth statistical analysis of market trends and dynamics that provide a comprehensive overview of the industry. We follow an extensive research methodology coupled with critical insights into industry factors and market forces to generate the best value for our clients. We provide reliable primary and secondary data sources, our analysts and consultants derive informative and actionable data suited to our clients’ business needs. The research study enables clients to meet various market objectives from expanding global footprint to supply chain optimization and from competitor profiling to mergers and acquisitions.

This press release was published on openPR.

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Fintech

Lloyds and Nationwide invest in Scottish fintech AI Aveni

Published

9 months ago

29 July, 2024

FinCrypto Staff

Lloyds and Nationwide invest in Scottish AI fintech Aveni

Lloyds Banking Group and Nationwide have joined an £11m Series A funding round in Scottish artificial intelligence fintech Aveni.

The investment is led by Puma Private Equity with additional participation from Par Equity.

Aveni creates AI products specifically designed to streamline workflows in the financial services industry by analyzing documents and meetings across a range of operational functions, with a focus on financial advisory services and consumer compliance.

The cash injection will help fund the development of a new product, FinLLM, a large-scale language model created specifically for the financial sector in partnership with Lloyds and Nationwide.

Joseph Twigg, CEO of Aveni, explains: “The financial services industry doesn’t need AI models that can quote Shakespeare, it needs AI models that offer transparency, trust and, most importantly, fairness. The way to achieve this is to develop small, highly tuned language models, trained on financial services data, vetted by financial services experts for specific financial services use cases.

“FinLLM’s goal is to set a new standard for the controlled, responsible and ethical adoption of generative AI, outperforming all other generic models in our selected financial services use cases.”

Robin Scher, head of fintech investment at Lloyds Banking Group, says the development programme offers a “massive opportunity” for the financial services industry by streamlining operations and improving customer experience.

“We look forward to supporting Aveni’s growth as we invest in their vision of developing FinLLM together with partners. Our collaboration aims to establish Aveni as a forerunner in AI adoption in the industry, while maintaining a focus on responsible use and customer centricity,” he said.

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Fintech

Fairexpay: Risk consultancy White Matter Advisory acquires 90% stake in fintech Fairexpay

Published

9 months ago

29 July, 2024

FinCrypto Staff

Treasury Risk Consulting Firm White Matter Alert On Monday he announced the acquisition of a 90% stake in the fintech startup Fair payment for an undisclosed amount. The acquisition will help White Matter Advisory expand its portfolio in the area of cross-border remittance and fundraising services, a statement said. White Matter Advisory, which operates under the name SaveDesk (White Matter Advisory India Pvt Ltd), is engaged in the treasury risk advisory business. It oversees funds under management (FUM) totaling $8 billion, offering advisory services to a wide range of clients.

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White Matter Advisory, based in Bangalore, helps companies navigate the complexities of treasury and risk management.

Fairexpay, authorised by the Reserve Bank of India (RBI) under Cohort 2 of the Liberalised Remittance Scheme (LRS) Regulatory Sandbox, boasts features such as best-in-class exchange rates, 24-hour processing times and full security compliance.

“With this acquisition, White Matter Advisory will leverage Fairexpay’s advanced technology platform and regulatory approvals to enhance its services to its clients,” the release reads.

The integration of Fairexpay’s capabilities should provide White Matter Advisory with a competitive advantage in the cross-border remittance and fundraising market, he added.

The release also states that by integrating Fairexpay’s advanced technology, White Matter Advisory aims to offer seamless and convenient cross-border payment solutions, providing customers with secure options for international money transfers.

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Fintech

Rakuten Delays FinTech Business Reorganization to 2025

Published

9 months ago

29 July, 2024

FinCrypto Staff

Rakuten (Japan:4755) has released an update.

Rakuten Group, Inc. and Rakuten Bank, Ltd. announced a delay in the reorganization of Rakuten’s FinTech Business, moving the target date from October 2024 to January 2025. The delay is to allow for a more comprehensive review, taking into account regulatory, shareholder interests and the group’s optimal structure for growth. There are no anticipated changes to Rakuten Bank’s reorganization objectives, structure or listing status outside of the revised timeline.

For more insights on JP:4755 stock, check out TipRanks Stock Analysis Page.

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Fintech

White Matter Advisory Acquires 90% Stake in Fintech Startup Fairexpay

Published

9 months ago

29 July, 2024

FinCrypto Staff

White Matter Advisory Acquires 90% Stake in Fintech Startup Fairexpay

You are reading Entrepreneur India, an international franchise of Entrepreneur Media.

White Matter Advisory, which operates under the name SaveDesk in India, has announced that it is acquiring a 90% stake in fintech startup Fairexpay for an undisclosed amount.

This strategic move aims to strengthen White Matter Advisory’s portfolio in cross-border remittance and fundraising services.

By integrating Fairexpay’s advanced technology, White Matter Advisory aims to offer seamless and convenient cross-border payment solutions, providing customers with secure options for international money transfers.

White Matter Advisory, known for its treasury risk advisory services, manages funds under management (FUM) totaling USD 8 billion.

Founded by Bhaskar Saravana, Saurabh Jain, Kranthi Reddy and Piuesh Daga, White Matter Advisory helps companies effectively manage the complexities of treasury and risk management.

The SaveDesk platform offering includes a SaaS-based FX market data platform with real-time feeds for over 100 currencies, bank cost optimization services, customized treasury risk management solutions, and compliance guidance for the Foreign Exchange Management Act (FEMA) and other trade regulations.

Fairexpay is a global aggregation platform offering competitive currency exchange rates from numerous exchange partners worldwide. Catering to both private and corporate customers, Fairexpay provides seamless money transfer solutions for education, travel and immigration, as well as simplifying cross-border payments via API and white-label solutions for businesses. Key features include competitive currency exchange rates, 24-hour processing times, extensive currency coverage of over 30 currencies in more than 200 countries, and secure, RBI-compliant transactions.

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