| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 7.00% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Banking As A Service Market Analysis by Mordor Intelligence
The Europe Banking As A Service Market is expected to register a CAGR of greater than 7% during the forecast period.
The changing landscape of the banking and financial services business has led end-users to adopt innovative digital banking solutions that offer ease and efficiency while lowering costs for banks and other service providers, resulting in market growth.
Due to Covid-19, Demand for BaaS platforms increased in medium and small-sized enterprises as there is a rise in an adaption of digital banking services across several domains in Europe. Integration of artificial intelligence, blockchain technology, and API services within internet banking lead to the growth of the market.
Treezor, a French Banking-as-a-Service (BaaS) and expert in embedded finance, continued to develop by obtaining an authorization extension from the French regulator (ACPR) to provide all payment services and became the first Payment and Electronic Money Institution to have every type of authorization in 2021.
Europe Banking As A Service Market Trends and Insights
Increasing Demand for Embedded Finance Driving Banking as a Service.
Embedded finance revenue in Europe is about to reach USD 40,000 million in 2022, gaining demand among consumers due to the rising popularity of the buy now pay later lending model. the pandemic has also pushed the demand for embedded lending in crucial industry segments across European countries. Retailers in Europe are embracing new embedded finance offerings, with 56% of vendors launching new products in 2022.
In comparison to other European countries, embedded lending is most widespread in the United Kingdom. The United Kingdom was one of the first countries to use embedded lending to finance purchases. Retail finance is seen as a simple way for shoppers in the United Kingdom to spread the expense of large purchases.
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The Rise in Adoption of Banking-as-a-Service Platform in Large Organizations Boosting the BaaS Market
The use of BaaS platforms in large organizations segment is more than in small and medium-sized enterprises. It accounts for more than 50% market share in Europe and is expected to continue its domination as it is increasing its customer base by investing in digital transformation to offer tech-savvy banking operations.
The demand for BaaS platforms in the large enterprises segment is anticipated to be driven by organizations' growing inclination for reliable service platforms and automation capabilities.
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Competitive Landscape
The report covers major players operating in the European banking-as-a-service market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and service innovation, mid-size to large-size companies are increasing their market presence by securing new contracts and tapping new markets. It has major players, including Solaris bank, Treezor, Bankable, and Clear Bank.
Europe Banking As A Service Industry Leaders
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Solarisbank
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Bankable
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Treezor
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11:FS Foundary
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Clear Bank
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Unnax
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- 2022: Solaris bank announced that it would partner with Snowflake, the Data Cloud company, to double down on creating a cloud-fluent organization.
- 2021: Bankable partnered with Pay safe and launched a broad range of integrated, omnichannel banking services from Pay safe. Under this agreement, Paysafe uses Bankable's core banking services.
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Europe Banking As A Service Market Report Scope
Banking as a Service (BaaS) is a business model in which licensed banks incorporate their digital banking services directly into the products of non-bank enterprises. The European Banking-As-A-Service Market is segmented by component (platform and service (professional service and managed service)), by type (API-based BaaS and Cloud-based BaaS), by enterprise size (large enterprise and small and medium enterprise), by end-user (banks, NBFC/fintech corporations and others) and by country (United Kingdom, Germany, Switzerland, France, Italy, Spain, and Rest of Europe).
By Component
| Platform | |
| Service | Professional Service |
| Managed Service |
By Type
| API Based BaaS |
| Cloud Based BaaS |
By Enterprise
| Large Enterprise |
| Small & Medium Enterprise |
By End User
| Banks |
| Fintech Corporations/NBFC |
| Others |
By Country
| United Kingdom |
| Germany |
| Switzerland |
| France |
| Italy |
| Spain |
| Rest of Europe |
| By Component | Platform | |
| Service | Professional Service | |
| Managed Service | ||
| By Type | API Based BaaS | |
| Cloud Based BaaS | ||
| By Enterprise | Large Enterprise | |
| Small & Medium Enterprise | ||
| By End User | Banks | |
| Fintech Corporations/NBFC | ||
| Others | ||
| By Country | United Kingdom | |
| Germany | ||
| Switzerland | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
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Key Questions Answered in the Report
What is the current Europe Banking-As-A-Service Market size?
The Europe Banking-As-A-Service Market is projected to register a CAGR of greater than 7% during the forecast period (2025-2030)
Who are the key players in Europe Banking-As-A-Service Market?
Solarisbank, Bankable, Treezor, 11:FS Foundary, Clear Bank and Unnax are the major companies operating in the Europe Banking-As-A-Service Market.
What years does this Europe Banking-As-A-Service Market cover?
The report covers the Europe Banking-As-A-Service Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Banking-As-A-Service Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Europe Banking As A Service Market Report
Statistics for the 2025 Europe Banking As A Service market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Banking As A Service analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
