세계 FaaS(Fintech-as-a-Service) 시장 규모는 2024년 3,513억 4,000만 달러에서 예측 기간 동안 13.23%의 연평균 복합 성장률(CAGR)로 2032년에는 9,493억 4,000만 달러로 증가할 것으로 예측됩니다.
이러한 성장은 디지털 우선 경제가 가속화되면서 일관성 있고 안전하며 개인화된 금융 경험에 대한 수요가 증가함에 따라 추진되고 있습니다. 이러한 성장을 뒷받침하는 요인으로는 임베디드 금융에 대한 수요 증가, 투명하고 책임감 있는 금융 서비스 제공에 대한 규제 강화, 은행 계좌가 없거나 금융 서비스를 제대로 받지 못하는 사람들을 위한 금융 포용성 증진(많은 경우 신규 시장 진출기업에 의해 촉진됨) 등이 있습니다. 전통적인 금융기관이나 금융업이 아닌 기업들도 FaaS 플랫폼을 통해 모듈형 화이트 라벨 금융 서비스(결제, 대출, 보험, 자산운용 등)를 제공하고, 자체적으로 규제나 탄력적인 금융 인프라를 구축하지 않고도 FaaS 플랫폼을 도입할 수 있다는 점이 매력적입니다. 도입할 수 있다는 점이 매력적입니다.
세계 FaaS 시장은 빠르게 성장하고 있으며, 비금융 기업과 보다 민첩한 은행들이 API를 통한 모듈형 금융 서비스를 도입하고 있습니다. 이러한 플랫폼을 통해 기업들은 은행 기능, 결제, 대출, 컴플라이언스 기능 등을 자사 용도에 원활하게 통합할 수 있으며, 핵심적인 뱅킹 시스템을 구축할 필요가 없어집니다. 이러한 움직임은 금융 서비스의 민주화를 촉진하고, 소비자는 보다 개인화되고 통합된 경험을 기대할 수 있으며, 핀테크 기업 및 브랜드는 수익원을 다양화할 수 있습니다. 또한, 이 시장 진출기업들은 수요 증가와 시장 확대에 대응하기 위해 새로운 파트너십을 발표하거나 혁신적인 플랫폼을 출시할 계획입니다.
세계의 FaaS(Fintech-as-a-Service) 시장을 조사했으며, 시장 정의와 개요, 시장 규모 동향과 예측, 각종 분류별 상세 분석, 사례 분석, 시장 성장에 영향을 미치는 영향요인 분석, 경쟁 구도, 주요 기업 개요 등의 정보를 전해드립니다.
Global fintech-as-a-service (FaaS) market is projected to register a CAGR of 13.23% in the forecast period 2025-2032, increasing from USD 351.34 billion in 2024 to USD 949.34 billion in 2032F, fueled by increased demand for consistent, secure, and individualized financial experiences in an increasingly digital-first economy. Several factors driving this growth trend include an increased need for embedded finance, an increase in regulatory scrutiny around providing transparent and responsible financial services, and the desire for greater financial inclusion for unbanked and underbanked individuals (which is often being driven by new competition). More traditional financial institutions and businesses that are not financially-based are adopting FaaS platforms to support launching modular, white-labeled financial services and capabilities, payments, lending, insurance, wealth management, etc., without building out the infrastructure that includes regulatory and resiliency frameworks in place.
The global FaaS market continues to expand rapidly as the adoption of a modular financial service via APIs by both non-financial organizations and faster banks is taking hold. The available platforms allow organizations to add banking, payments, lending, and compliance capabilities seamlessly to their applications without the need to build their core banking systems. This trend is democratising financial services, allowing people to expect more personalised, embeddable experiences while fintechs and brands expand their sources of revenue. Furthermore, companies in the market are planning to announce a partnership and launch innovative platforms to address the rising demand and expand their market presence.
For example, in May 2025, Panama's Mercantil Banco and Galileo launched "Cyberbank Digital," a cloud-native FaaS platform, to reform digital banking for both retail and corporate customers. The project underscores traditional banks' ability to leverage FaaS to introduce new products without the baggage of old systems.
Growing Digital Transformation Drives Fintech-as-a-Service (FaaS) Market Demand
With rapidly increasing and evolving consumer expectations for real-time services and seamless experiences across all types of engagements, financial institutions and non-financial platforms are hastening their ongoing digitization agendas. Embedded finance, powered by FaaS, allows vertical apps to offer banking-like capabilities, savings, lending, or insurance to customers directly in their app, maximizing the app's utility and enabling personalization and stickiness of consumers and customers. For many mobile-first emerging economies, improved access to trusted financial services, especially from established consumer brands will be critical, as local brand trust is still developing. FaaS facilitates the scale and flexibility that large, sponsored deployments require to meet growing consumer expectations for this shift.
For example, in February 2025, NatWest Boxed, a FaaS platform, partnered with The AA to launch instant-access savings accounts and personal loans that are embedded in AA's roadside services this is a prime example of FaaS allowing other brands to quickly recruit and embed their own financial services product into their existing brands quickly and cost effectively.
Enhanced API Surges Fintech-as-a-Service (FaaS) Market Demand
Companies are looking for agile, API-led core banking systems to react to changing customer and regulatory demands. FaaS platforms offer a range of modular plug-and-play services (payments, deposits, regulatory compliance, etc.) that can be deployed in weeks instead of months and years. This degree of agility allows institutions to experiment with new products, test markets, and personalize offerings in real-time without a lengthy IT cycle or legacy restrictions. An API-first approach also catalyzes collaboration amongst libraries of solutions within fintech ecosystems.
Finxact.com and FirstRand Limited in February 2025 partnered to distribute and operate Finxact's cloud-native core banking API platform around the world, demonstrating FaaS's value by providing the core services scalable across continents securely.
Banking-as-a-Service Leads Global FaaS Market
In the FaaS space, banking-as-a-Service (BaaS) is the most developed and utilized for adoption of FaaS capabilities, offering services including account opening, KYC, and compliance to embedded finance app partners. BaaS is the banking primitives fintechs, brands, and tier-2 banks require to embed finance capabilities. BaaS is a foundational building block for emerging payment-as-a-Service (PaaS) and lending-as-a-Service capabilities, making it the most used and highest revenue for FaaS. BaaS adoption has also been accelerated with the emergence of challenger banks and neobanks.
In May 2025, India's Razorpay partnered with MeitY Startup Hub to deliver embedded BaaS services to startups, including payouts, escrow, and compliance, establishing BaaS as the primary FaaS offering for digital-native enterprises. This reinforces the growing ecosystem of innovation and structures for government-backed support for next-gen financial capabilities in emerging markets.
North America Dominates the Global Fintech-as-a-Service (FaaS) Market
North America dominates the global FaaS market due to a strong digital finance ecosystem and favorable regulation, as well as depth of fintech penetration; supported by scale players and cross-border bancassurance innovation, gives North America a head-start in developing FaaS-related services. The high-level readiness of institutions and acceptance by consumers means that FaaS models can scale quickly and provide a clear pathway from pilot operations to global deployments. Additionally, considerable financial maturity and availability of venture capital, in part, support innovation at scale.
In June 2025, Carlyle Group Inc. and Citigroup Inc. worked together to create asset-backed finance products, using FaaS infrastructures for the securitization workflows. This development is a sign that FaaS, which has been around for three or four years already, is increasingly being applied to institutional and capital-backed finance use cases. Within these innovations, both traditional and non-traditional actors are starting to create new financial ecosystems that are cloud-native, borderless, and user-driven.
Key Players Landscape and Outlook
Legacy players with major platforms specialize in innovative niche capabilities, including cross-border payments, real-time processing, or banking infrastructure. All these firms deliver white label, scalable solutions that are API-focused to accommodate a range of client use cases.
In March 2025, PaySky Holding teamed up with MTN Group's Fintech arm, Fincommerce, to launch a fully digital financial services ecosystem across Africa in an initiative to reshape the e-commerce and digital payment landscape of the continent. This partnership allows millions of African consumers and merchants to access an integrated set of payments, e-commerce, and financial tools in markets that have been underserved by digital infrastructure.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.