North American Fintech-as-a-Service Market Projected to Grow 16.3% Annually Through 2028 – – Business Wire | Jewelry Dukan

DUBLIN–(BUSINESS WIRE)–The “North American Fintech-as-a-Service Market Size, Share & Industry Trends Analysis Report By Technology (Blockchain, API, Artificial Intelligence, RPA), By End-Use, By Type, By Application, By Country, And Growth Forecast, 2022 – 2028″ report has been added Offer.

The North American Fintech-as-a-Service market is expected to grow at a CAGR of 16.3% during the forecast period (2022-2028).

Bank visits, queuing and bureaucracy are a thing of the past. Cloud computing is used to create intelligent relationships between customers and businesses through artificial intelligence, APIs connected to voice assistants, and invisible banks. It offers easy online transactions, which reduces costs for all parties. Right now, this is the biggest bet in the fintech industry.

With Open Banking, customers offer banks and other financial service providers secure access to their banking and financial information. These companies may then be able to provide them with specialized goods and services that meet their customers’ needs while enhancing data security. Companies that introduce open banking are positive about the expansion of their database. After all, they gain information previously known to their competitors.

Paying with a QR code is one of the big promises of the fintech industry. A real banking device today is any mobile smartphone with a camera. The instant payment trend will undoubtedly change the future of the banking sector. Machine learning applications can process massive amounts of data, and these programs can generate insightful inferences that can increase productivity and reduce processing time.

In addition, it performs real-time trend analysis that enables quick decision-making. Today, AI/ML is used in many financial services applications, from risk management and investment forecasting to fraud detection, loan approvals, and AML screening. Fintech is expected to continue to be one of the crucial industries due to the advancement of machine learning.

North America due to increasing investment in blockchain technology. Numerous blockchain development projects have been launched in the United States in recent years, which has accelerated the expansion of the market. Additionally, this area is home to a wide variety of small, medium and technology-based businesses. In addition, significant progress has been made in integrating public critical services with BaaS solutions, which is expected to open new growth opportunities for the local BaaS market in the years to come.

The US market dominated the North American fintech-as-a-service market by country in 2021 and is expected to remain a dominant market into 2028; This will bring the market value to $165,790.7 million by 2028. The Canadian market is poised to grow at a CAGR of 19% between 2022 and 2028. Additionally, the Mexican market is expected to register a CAGR of 17.9% over the period (2022-2028).

Scope of StudyMarket Segments Covered in the Report:By Technology

  • Blockchain

  • API

  • Artificial intelligence

  • RPA

  • Other

According to end use

  • insurance

  • Bank

  • financial lending company

  • Other

By type

  • payment

  • transfer

  • loan

  • Other

through application

  • Compliance & Regulatory Support

  • KYC verification

  • Fraud Monitoring

  • Other

By country

  • US

  • Canada

  • Mexico

  • Rest of North America

Important market participants

  • PayPal Holdings, Inc.

  • Mastercard, Inc.

  • Upstart Network, Inc.

  • Block, Inc.

  • Envestnet, Inc.

  • SoFi Technologies, Inc.

  • Rapyd Financial Network Ltd.

  • Solid Financial Technologies, Inc.

  • Syntera Inc.

  • Railsbank Technology Ltd. (railsr)

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview

Chapter 3. Competitive Analysis – Global

Chapter 4. North American Fintech-as-a-Service Market by Technology

Chapter 5. North American Fintech-as-a-Service Market by End-Use

Chapter 6. North American Fintech-as-a-Service Market by Type

Chapter 7. North America Fintech-as-a-Service Market by Application

Chapter 8. North America Fintech-as-a-Service Market by Countries

Chapter 9. Company Profiles

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