
Fintech As A Service Faas Market
Fintech as a Service (FaaS) Market Forecasts to 2030 - Global Analysis by Type (Payment Processing, Wealth Management, Banking and Lending, Insurance and Compliance and Risk Management), Technology, Application, End User and By Geography

According to Stratistics MRC, the Global Fintech as a Service (FaaS) Market is accounted for $317.3 billion in 2024 and is expected to reach $773.3 billion by 2030 growing at a CAGR of 16.0% during the forecast period. Fintech as a Service (FaaS) is a cloud-based platform that offers financial services and solutions using APIs (Application Programming Interfaces) and API-enabled infrastructure. Without creating these systems from the ground up, this methodology allows companies, startups, and financial institutions to include crucial financial services like loans, payments, fraud detection, compliance, and digital wallets into their goods or apps. FaaS systems enable businesses to swiftly acquire and deploy financial innovations since they are scalable, flexible, and cost-effective. FaaS enables companies to rely on safe and reliable financial technology infrastructure to manage intricate financial processes while streamlining operations, enhancing customer experience, and concentrating on innovation.
Market Dynamics:
Driver:
Increased Demand for Digital Payments
The growing need for digital payments is propelling the Fintech as a Service (FaaS) industry by pushing businesses to embrace frictionless, secure, and scalable payment solutions. FaaS solutions provide integrated payment processing, fraud detection, and compliance tools that help organizations fulfill customer expectations as consumers and businesses move toward cashless transactions. Businesses may more effectively manage their financial processes due to this demand, which also stimulates the adoption of cloud-based solutions and encourages innovation in payment systems.
Restraint:
Data Security and Privacy Concerns
Data security and privacy issues have a substantial impact on the Fintech as a Service (FaaS) business by increasing the risks involved with storing and processing sensitive financial data on third party platforms. Customer trust can be damaged by possible breaches, illegal access, or abuse of financial and personal data, which can result in regulatory scrutiny and compliance issues. These problems might impede market expansion and innovation by slowing adoption, especially in areas with strict data privacy regulations.
Opportunity:
Technological Advancements
Technological advancements significantly drive the Fintech as a Service (FaaS) market by enhancing the capabilities of cloud platforms, APIs, and data analytics. These innovations improve the speed, security, and scalability of financial services, allowing businesses to offer more efficient, cost-effective solutions. Moreover, advancements in artificial intelligence, machine learning, and blockchain enable better fraud detection, personalized customer experiences, and faster transaction processing, making FaaS platforms more attractive to businesses looking to innovate and stay competitive in the financial sector.
Threat:
Integration Complexity
Integration complexity hinders the Fintech as a Service (FaaS) market by creating barriers for businesses in adopting new solutions. Companies often struggle to seamlessly incorporate FaaS platforms into their existing systems, leading to delays, increased costs, and potential operational disruptions. This challenge can be particularly pronounced for businesses with legacy infrastructure or complex workflows, limiting the widespread adoption of FaaS solutions and slowing market growth.
Covid-19 Impact:
The COVID-19 epidemic spurred the expansion of the Fintech as a Service (FaaS) sector, as companies and consumers quickly transitioned to digital and contactless financial services. The need for safe and expandable financial solutions was fueled by the rise of e-commerce, remote banking, and online transactions. By providing flexible, affordable alternatives to traditional banking services, FaaS platforms allowed firms to swiftly adjust to shifting market conditions and increase market acceptance.
The financial institutes segment is expected to be the largest during the forecast period
The financial institutes segment is expected to account for the largest market share during the forecast period because the demand for FaaS systems that offer integrated services like payments, loans, and compliance is accelerated by their need for effective, scalable, and secure solutions. By collaborating with FaaS providers to improve client experiences, expedite operations, and satisfy regulatory requirements, these organizations propel market expansion. Their participation expands the market and promotes industry-wide acceptance.
The payment processing segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the payment processing segment is predicted to witness the highest growth rate as digital payments gain popularity, FaaS platforms that provide payment processing services allow businesses to swiftly incorporate payment solutions, improving the consumer experience. The requirement for a strong payment processing infrastructure is further accelerated by the growing demand for mobile wallets, contactless payments, and cross-border transactions, which promotes market expansion and the use of FaaS solutions.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share due to region's advanced digital infrastructure, high demand for seamless digital payments, and the rapid growth of fintech startups. The need for cost-effective and scalable financial solutions has led businesses to adopt FaaS platforms for faster, secure transactions and compliance with evolving regulations. Additionally, increased consumer demand for personalized financial services and the push for financial inclusion further accelerate the adoption of FaaS in North America.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR owing to rapid digital transformation, increasing smartphone penetration, and the growing adoption of digital payments across the region. Governments are promoting financial inclusion through regulatory support and fostering fintech innovation. The rise of e-commerce, a large unbanked population, and a shift towards cashless transactions further boost demand for FaaS solutions. Additionally, the region's growing fintech startups and favorable market conditions accelerate the adoption of cost-effective financial services.
Key players in the market
Some of the key players in Fintech as a Service (FaaS) market include Airwallex, Stripe, Plaid, Marqeta, Rapyd, Synapse, Solarisbank, Unit, Railsbank, Finix, Galileo Financial Technologies, Mambu, Bankable, Currencycloud, Dwolla, Weavr, OpenPayd and Treasury Prime.
Key Developments:
In January 2025, Airwallex announced its partnership with Carwow. Following the integration of Airwallex’s Scale Native API, Carwow can now process payments for those enterprise dealer groups who purchase cars from thousands of private sellers through its daily online auctions every week.
In December 2024, Airwallex has expanded headcount in its Tel Aviv and Vilnius offices, and made two senior Executive Director Appointments - in London and Amsterdam - which brings the total employee count in EMEA to over 150, representing over 38 nationalities.
In November 2024, Airwallex announced that it is launching Airwallex for Startups in New Zealand, to help Kiwi startups to accelerate their growth.
Types Covered:
• Payment Processing
• Wealth Management
• Banking and Lending
• Insurance
• Compliance and Risk Management
Technologies Covered:
• Artificial Intelligence and Machine Learning (AI & ML)
• Blockchain
• Robotic Process Automation (RPA)
• Application Programming Interface (API)
• Big data
Applications Covered:
• Fraud Monitoring
• KYC Verification
• Compliance & Regulatory Support
• Data Analytics and Insights
• Customer Onboarding & Account Management
• Money Management
• Real Estate Mortgage Services
• Other Applications
End Users Covered:
• Banks
• Financial Institutes
• Insurance Companies
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fintech as a Service (FaaS) Market, By Type
5.1 Introduction
5.2 Payment Processing
5.3 Wealth Management
5.4 Banking and Lending
5.5 Insurance
5.6 Compliance and Risk Management
6 Global Fintech as a Service (FaaS) Market, By Technology
6.1 Introduction
6.2 Artificial Intelligence and Machine Learning (AI & ML)
6.3 Blockchain
6.4 Robotic Process Automation (RPA)
6.5 Application Programming Interface (API)
6.6 Big data
7 Global Fintech as a Service (FaaS) Market, By Application
7.1 Introduction
7.2 Fraud Monitoring
7.3 KYC Verification
7.4 Compliance & Regulatory Support
7.5 Data Analytics and Insights
7.6 Customer Onboarding & Account Management
7.7 Money Management
7.8 Real Estate Mortgage Services
7.9 Other Applications
8 Global Fintech as a Service (FaaS) Market, By End User
8.1 Introduction
8.2 Banks
8.3 Financial Institutes
8.4 Insurance Companies
8.5 Other End Users
9 Global Fintech as a Service (FaaS) Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Airwallex
11.2 Stripe
11.3 Plaid
11.4 Marqeta
11.5 Rapyd
11.6 Synapse
11.7 Solarisbank
11.8 Unit
11.9 Railsbank
11.10 Finix
11.11 Galileo Financial Technologies
11.12 Mambu
11.13 Bankable
11.14 Currencycloud
11.15 Dwolla
11.16 Weavr
11.17 OpenPayd
11.18 Treasury Prime
List of Tables
1 Global Fintech as a Service (FaaS) Market Outlook, By Region (2022-2030) ($MN)
2 Global Fintech as a Service (FaaS) Market Outlook, By Type (2022-2030) ($MN)
3 Global Fintech as a Service (FaaS) Market Outlook, By Payment Processing (2022-2030) ($MN)
4 Global Fintech as a Service (FaaS) Market Outlook, By Wealth Management (2022-2030) ($MN)
5 Global Fintech as a Service (FaaS) Market Outlook, By Banking and Lending (2022-2030) ($MN)
6 Global Fintech as a Service (FaaS) Market Outlook, By Insurance (2022-2030) ($MN)
7 Global Fintech as a Service (FaaS) Market Outlook, By Compliance and Risk Management (2022-2030) ($MN)
8 Global Fintech as a Service (FaaS) Market Outlook, By Technology (2022-2030) ($MN)
9 Global Fintech as a Service (FaaS) Market Outlook, By Artificial Intelligence and Machine Learning (AI & ML) (2022-2030) ($MN)
10 Global Fintech as a Service (FaaS) Market Outlook, By Blockchain (2022-2030) ($MN)
11 Global Fintech as a Service (FaaS) Market Outlook, By Robotic Process Automation (RPA) (2022-2030) ($MN)
12 Global Fintech as a Service (FaaS) Market Outlook, By Application Programming Interface (API) (2022-2030) ($MN)
13 Global Fintech as a Service (FaaS) Market Outlook, By Big data (2022-2030) ($MN)
14 Global Fintech as a Service (FaaS) Market Outlook, By Application (2022-2030) ($MN)
15 Global Fintech as a Service (FaaS) Market Outlook, By Fraud Monitoring (2022-2030) ($MN)
16 Global Fintech as a Service (FaaS) Market Outlook, By KYC Verification (2022-2030) ($MN)
17 Global Fintech as a Service (FaaS) Market Outlook, By Compliance & Regulatory Support (2022-2030) ($MN)
18 Global Fintech as a Service (FaaS) Market Outlook, By Data Analytics and Insights (2022-2030) ($MN)
19 Global Fintech as a Service (FaaS) Market Outlook, By Customer Onboarding & Account Management (2022-2030) ($MN)
20 Global Fintech as a Service (FaaS) Market Outlook, By Money Management (2022-2030) ($MN)
21 Global Fintech As A Service (Faas) Market Outlook, By Real Estate Mortgage Services (2022-2030) ($MN)
22 Global Fintech as a Service (FaaS) Market Outlook, By Other Applications (2022-2030) ($MN)
23 Global Fintech as a Service (FaaS) Market Outlook, By End User (2022-2030) ($MN)
24 Global Fintech as a Service (FaaS) Market Outlook, By Banks (2022-2030) ($MN)
25 Global Fintech as a Service (FaaS) Market Outlook, By Financial Institutes (2022-2030) ($MN)
26 Global Fintech as a Service (FaaS) Market Outlook, By Insurance Companies (2022-2030) ($MN)
27 Global Fintech as a Service (FaaS) Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?

Assured Quality
Best in class reports with high standard of research integrity

24X7 Research Support
Continuous support to ensure the best customer experience.

Free Customization
Adding more values to your product of interest.

Safe & Secure Access
Providing a secured environment for all online transactions.

Trusted by 600+ Brands
Serving the most reputed brands across the world.