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API banking Market
Stay up-to-date with Global API Banking market Research offered by HTF MI. Check how key trends and emerging drivers are shaping this industry's growth.
According to HTF MI, the global API Banking market is valued at USD 4.2 Billion in 2023 and is estimated to reach a revenue of USD 10.0 Billion by 2030, with a CAGR of 18.5% by 2030.” - Nidhi BhawsarPUNE, MAHARASHTRA, INDIA, October 14, 2024 /EINPresswire / -- The latest study released on the Global API Banking Market by HTF MI evaluates market size, trend, and forecast to 2030. The API Banking market study covers significant research data and proves to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include: Plaid (United States), Yodlee (United States), Finastra (United Kingdom), Tink (Sweden), Railsbank (United Kingdom), BBVA API Market (Spain), Fidor Solutions (Germany), TrueLayer (United Kingdom), OpenBankingHub (Italy), MX Technologies (United States), Dwolla (United States), Braintree (United States), Salt Edge (Canada), Apigee (Google Cloud) (United States), Currencycloud (United Kingdom)
Get inside Scoop of API Banking Market:
Definition:
API banking involves the use of application programming interfaces to enable third-party developers to build applications and services that interact with banking systems. This approach promotes innovation by allowing financial institutions to leverage external expertise and create new services for their customers. The trend towards open banking, driven by regulations and customer demand for personalized services, has accelerated the adoption of API banking. However, concerns around regulatory compliance and security must be addressed to ensure the integrity and safety of financial transactions.
Market Trends:
●Partnerships between banks and fintech companies are becoming common, leveraging APIs to create innovative financial products and services.
Market Drivers:
●The shift towards digital banking solutions is driving the adoption of API banking to enhance customer experiences and streamline operations.
Market Opportunities:
●API banking enables banks to expand their service offerings, including lending, payments, and investment solutions through third-party platforms.
Market Challenges:
●The integration of APIs introduces vulnerabilities, making data security and privacy a significant concern for banks and their customers.
Fastest-Growing Region:
Asia-Pacific
Dominating Region:
North America, Europe
Market Leaders & Development Strategies:
●On 26th January 2024,“Trovata, a leader in corporate banking APIs, has launched its Multibank Connector, featuring an extensive library of direct-to-bank APIs for global financial services. This low-code, embeddable solution offers a self-service connectivity experience for corporate bank accounts. Supported by major banks, Trovata's platform streamlines access to balances, transactions, and payment rails, driving innovation in corporate banking and finance.”
●On 29th May 2024,“VoPay, a prominent provider of embedded payment technology, has launched its Digital Transaction and Cash Management Banking Platform, TXB. This turnkey solution enables banks and credit unions to implement API-first transaction banking and cash management services, streamlining operations and enhancing customer experiences in the financial sector.”
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The Global API Banking Market segments and Market Data Break Down are illuminated below:
API Banking Market is Segmented by Deployment (Cloud-based, On-premise) by Service (Payment APIs, Data APIs, Account APIs) by End User (Banks, Fintech Companies, Payment Service Providers, E-commerce) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA)
Global API Banking market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
.The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
.North America (United States, Mexico & Canada)
.South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
.Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
.Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
.-To carefully analyze and forecast the size of the API Banking market by value and volume.
.-To estimate the market shares of major segments of the API Banking
.-To showcase the development of the API Banking market in different parts of the world.
.-To analyze and study micro-markets in terms of their contributions to the API Banking market, their prospects, and individual growth trends.
.-To offer precise and useful details about factors affecting the growth of the API Banking
.-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the API Banking market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Read Detailed Index of full Research Study:
Major highlights from Table of Contents:
API Banking Market Study Coverages:
.It includes major manufacturers, emerging player's growth story, and major business segments of API Banking market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
.API Banking Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
.API Banking Market Production by Region API Banking Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in API Banking Market Report:
.API Banking Overview, Definition and Classification Market drivers and barriers
.API Banking Market Competition by Manufacturers
.Impact Analysis of COVID-19 on API Banking Market
.API Banking Capacity, Production, Revenue (Value) by Region (2023-2030)
.API Banking Supply (Production), Consumption, Export, Import by Region (2023-2030)
.API Banking Production, Revenue (Value), Price Trend by Type {Cloud-based, On-premise}
.API Banking Manufacturers Profiles/Analysis API Banking Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
.Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
.How feasible is API Banking market for long-term investment?
.What are influencing factors driving the demand for API Banking near future?
.What is the impact analysis of various factors in the Global API Banking market growth?
.What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Nidhi Bhawsar
HTF Market Intelligence Consulting Private Limited
+1 507-556-2445
email us here
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