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Banking-as-a-Service Market Share

Report ID: GMI7128
Published Date: Jul 2024
Report Format: PDF

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Banking-as-a-Service Market Share

Green Dot and Solarisbank AG are the major players in the banking-as-a-service (BaaS) industry due to their expertise and comprehensive BaaS offerings. Green Dot, a leading fintech company, provides a wide range of banking services and financial products to various businesses, thereby enhancing their capabilities to offer digital banking solutions. Solarisbank, a company based in Germany, offers a BaaS platform for businesses to integrate banking functions into their services.

Banking-as-a-Service Market Companies

The major companies operating in the banking-as-a-service (BaaS) industry are:

Green Dot
Solarisbank AG
ClearBank Ltd.
Plaid
Galileo Financial Technologies
Marqeta
Railsbank
Square, Inc.
Banco Bilbao Vizcaya Argentaria
MatchMove Pay Pte Ltd

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of banking-as-a-service reached USD 15.9 billion in 2023 and is set to witness 17% CAGR from 2024 to 2032, backed by the emerging fintech sector.

The cloud-based banking-as-a-service (BaaS) segment accounted for a market share of over 72% in 2023, as financial institutions are seeking scalable, cost-effective, and flexible solutions.

North America market held over 32% revenue share in 2023, owing to the region's financial industry, coupled with a strong focus on fintech innovations.

Green Dot, Solarisbank AG, ClearBank Ltd., Plaid, Galileo Financial Technologies, Marqeta, Railsbank, Square, Inc., Banco Bilbao Vizcaya Argentaria, and MatchMove Pay Pte Ltd.