Fintech-as-a-Service Market Growth Surges Amid Digital Transformation
The financial services industry continues to undergo rapid digital transformation, driving significant growth in the Fintech-as-a-Service (FaaS) market. According to a report by The Business Research Company, the global FaaS market expanded from $327.51 billion in 2023 to $386.39 billion in 2024, marking an impressive compound annual growth rate (CAGR) of 18%. Forecasts indicate that […]
Key FinTech Trends of 2024: Pay by Bank, GenAI, and Hyper-Personalization Lead the Charge
In 2024, Pay by Bank (PBB) emerged as a serious alternative to traditional card payments, according to Philip Benton, Principal FinTech Analyst at Omdia. PBB, which uses banking rails to process payments, has struggled with consumer adoption due to an inconsistent user experience in the past. However, advancements in APIs and the growing global adoption […]
