The europe embedded banking market value is estimated to reach US$ 4,395.3 million in 2023. Between 2023 and 2033, demand for embedded banking solutions in Europe is poised to rise at 23.5% CAGR. By 2033, the Europe market is expected to surpass a valuation of US$ 36,377.9 million.
Growth in the market is driven by a combination of consumer demand for seamless and integrated financial services and the shift towards open banking. Similarly, increasing digitization of the economy is fuelling embedded banking demand in Europe.
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The future of financial services in Europe is increasingly dependent on embedded banking. Financial institutions are transitioning to an API economy, i.e., partnerships and integrated solutions rather than working alone.
Due to several European rules such as the Payment Services Directive (PSD2) Businesses that adopt embedded finance get the rewards of extremely high customer lifetime value numbers.
Financial institutions in the region are now able to manage and advertise cutting-edge services thanks to embedded banking. It involves incorporating innovative financial products into user experiences, generating new revenue opportunities, enhancing the digital experience, or helping businesses in Europe better understand their clients.
Increasing digitization of the economy will continue to provide a strong impetus for the expansion of Europe’s embedded banking market.
As more consumers and businesses shift their activities online, there is a growing need for integrated financial services that can facilitate transactions and payments seamlessly across different digital platforms.
This has created opportunities for non-banking companies to offer financial services as part of their core offerings, such as e-commerce companies offering loans or mobile apps providing investment services.
Key Takeaways: Europe Embedded Banking Market
- Europe’s embedded banking market is expected to reach a valuation of US$ 36,377.9 million by 2033.
- Embedded banking demand in Europe is projected to rise around 23.5% CAGR through 2033.
- By solution, the embedded banking platform API segment is anticipated to progress at 25.2% CAGR between 2023 and 2033.
- By organization size, the small & mid-sized organizations segment is likely to expand at 25.0% CAGR through 2033.
- By end user, the fintech corporations segment is forecast to thrive at 25.6% during the forecast period.
- Germany is expected to account for around 25.6% of Europe market in 2023.
- France embedded banking market is poised to exhibit a CAGR of 19.8% through 2033.
Who is Winning?
Boss Insights, Bankable, Banxware GmbH, Flywire, Sdk. finance, Finix, Plaid, Marqeta, Synapse, MX, OpenPayd, Railsbank, Q2, Tink, and UNIPaaS Payments Technologies are a few of the leading embedded banking solution providers across Europe.
These players are using various strategies to improve their revenues and expand their presence. This includes new product launches, mergers, acquisitions, partnerships, and collaborations.
Recent developments:
- In June 2022, to launch its corporate embedded finance platform across Europe, Finqware received a payment institution license from the National Bank of Romania.
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More Valuable Insights:
In this report by Future Market Insights (FMI), Europe embedded banking has been segmented into four sections. This includes solutions (embedded banking platform API and services (payment processing, lending, contactless payment, card issuing, bank transfer, and others)), organization size (small and mid-sized organizations and large organizations), end users (banks, fintech corporations, investment firms, and others), and country.Europe Embedded Banking Market
Europe Embedded Banking Market Segmentation
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 Countries:
- Germany
- Italy
- France
- United Kingdom
- Spain
- BENELUX
- Russia
- Rest of Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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