Germany Banking As A Service Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Germany Banking As A Service Market is segmented By Component (Platform, Service (Professional Service and Managed Service)), By Type (API-based Bank As A Service, Cloud-based Bank As A Service), By Enterprise Size (Large Enterprise, Small & Medium Size Enterprise), By End User (Banks, FinTech Corporations/NBFC and Others).

Market Snapshot

Germany_Cagr
Study Period: 2018-2027
Base Year: 2021
CAGR: <4.5 %

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Market Overview

The COVID-19 pandemic is projected to have an influence on the economy as a whole, as well as financial markets and banking services. Due to the increased requirement for online payment technologies to exchange financial facts with consumers during the COVID-19 outbreak, there has been a significant surge in people adopting e-commerce platforms.

Furthermore, banks and FinTech companies in Germany are increasingly interested in using a banking-as-a-service platform to improve their business processes and provide secure contactless payments to speed up their payment transactions. Furthermore, desire for banking-as-a-service is predicted to rise following COVID-19, as banks and FinTech firms are more likely to streamline their operations in order to improve clients' digital experiences. In the approaching years, these elements are expected to present prospective growth prospects.

The penetration rate of banking services in Germany has improved because of online banking. With more individuals having internet access, allowing consumers to conduct financial transactions on their mobile devices has become a top priority in order to bring the financial system closer to the people. Retail banking, which was shown to be less price sensitive, had significantly greater returns than corporate banking.

Scope of the Report

Banking-as-a-Service (BaaS) describes an ecosystem in which licensed financial institutions provide access to their services to non-banking businesses, generally through the use of APIs. Let's look at an example: employee expense cards. This growing market relies on BaaS to deliver its products.

The Germany Banking As A Service Market is segmented By Component (Platform, Service (Professional Service and Managed Service)), By Type (API-based Bank As A Service, Cloud-based Bank As A Service), By Enterprise Size (Large Enterprise, Small & Medium Size Enterprise), By End User (Banks, FinTech Corporations/NBFC and Others).

By Component
Platform
Service
Professional Service
Managed Service
By Type
API-based Bank-as-a-service
Cloud-based Bank-as-a-service
By Enterprise Size
Large Enterprise
Small & Medium Enterprise
By End User
Banks
FinTech Corporations/NBFC
Others

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Key Market Trends

Increase in Use of Digital Transformation Technology in Bank

Digitization is the conversion of data or information into a digital format using advanced technology. It plays an increasingly crucial role in the banking sector, as banks seek to improve customer service and security. Additionally, banking-as-a-service BaaS also enables banks to provide digital payment services to their consumers while also saving time in the debt collection process, boosting market growth.

Furthermore, the market is expected to grow due to an increase in demand for digital transformation technologies in banking and financial institutions, as well as a growing reliance of various banks on banking-as-a-service BaaS solutions. Furthermore, market participants around the world are implementing modern technologies like as blockchain, big data, and artificial intelligence to boost productivity with less resources, which is propelling the industry forward.

Germany_Banking_As_A_Service

Streamlining the Financial Services

The banking-as-a-service platform gives third-party organisations API access to financial services. Furthermore, banking-as-a-service platform enables banks and fintech FinTech to streamline their financial services, improve their offerings, and increase client experience, resulting in market growth.

Additionally, the banking-as-a-service platform enables financial institutions to provide customers with client-embedded financial services and increase funding sources in order to serve their large customer bases, fostering global market growth. Furthermore, the market's growth is accelerated by the growing demand among banks to meet consumer needs and ensure high security for customers' vital transactions. Moreover, numerous banks are having difficulties simplifying their money transaction processes, as a result of which banks are turning their focus to a banking-as-a-service platform, which significantly helps to the worldwide market's growth.

Germany_Banking_As_A_Service_Market

Competitive Landscape

The report covers major players operating in the Germany 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 Deutsche Bank, Commerz Bank, KFW Bankgruppe, DZ Bank and etc.,

Recent Development

  • May 2022: Deutsche Bank, a leading German financial services provider, confirmed that it has formed a partnership with the fintech platform, FinLync. The collaboration will assist corporations through instant access to real-time treasury.
  • April 2021: Deutsche Boerse announced that the company and Commerzbank entered a strategic partnership with fintech firm 360X to develop new blockchain-based digital marketplaces.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porters' Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitutes

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Insights of Technology Innovations in the Market

    6. 4.6 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Component

      1. 5.1.1 Platform

      2. 5.1.2 Service

        1. 5.1.2.1 Professional Service

        2. 5.1.2.2 Managed Service

    2. 5.2 By Type

      1. 5.2.1 API-based Bank-as-a-service

      2. 5.2.2 Cloud-based Bank-as-a-service

    3. 5.3 By Enterprise Size

      1. 5.3.1 Large Enterprise

      2. 5.3.2 Small & Medium Enterprise

    4. 5.4 By End User

      1. 5.4.1 Banks

      2. 5.4.2 FinTech Corporations/NBFC

      3. 5.4.3 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Deutsche Bank

      2. 6.2.2 Commerz Bank

      3. 6.2.3 KFW Bankgruppe

      4. 6.2.4 DZ Bank

      5. 6.2.5 HypoVereinsbank

      6. 6.2.6 Landesbank Baden

      7. 6.2.7 Bayerische Landesbank

      8. 6.2.8 Norddeutsche Landesbank

      9. 6.2.9 Landesbank Hessen

      10. 6.2.10 NRW Bank*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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Frequently Asked Questions

The Germany Banking As A Service Market market is studied from 2018 - 2027.

The Germany Banking As A Service Market is growing at a CAGR of <4.5% over the next 5 years.

Deutsche Bank, Commerz Bank, KFW Bankgruppe, DZ Bank, HypoVereinsbank are the major companies operating in Germany Banking As A Service Market.

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