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Open Banking Market by Distribution Channel (Bank Channel, App Market, Distributors, and Aggregators) and Service Type (Transactional, Communicative, and Informative) - Global Opportunity Analysis and Industry Forecast, 2019-2026
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Jul 2019 |
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Open banking is a banking service in which the bank account data is shared through secured open Application Programing Interface (APIs). This type of service provides convenience to the customers or businesses that can manage their wealth more effectively. With open banking, the consumer has the flexibility to access their bank account details at any time providing them with updated information. Banks plan to collaborate with third-party service providers in future, however, they are expected to relinquish control over their customer relationships.
Increase in technological development drives the market growth. Many retail banks shift their focus from stand-alone technology projects to an environment where there is continuous technological improvement. An important trend that propels the market growth is the use of big data analytics. The enormous competition from peers and new entrants offers a major growth opportunity in the open banking market. However, data security and increase in evets of online fraud are expected to restrict the market growth. The increase in security features due to technology development lead to market growth during the forecast period.
The open banking market is segmented on the basis of distribution channel, service type, and geography. The segmentation for distribution channel includes bank channel, app market, distributors, and aggregators. By service type, it is divided into transactional, communicative, and informative. By geography, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players in the global open banking market are Accern Corporation (U.S.), JackHenry and Associates (U.S.) ,D3 Banking (U.S.), Demyst Data (U.S.) , Figo GMBH (Germany), FinGenius (UK), FormFree (U.S.), Malauzai Software Inc. (U.S.), Mambu GmbH (Germany), and MineralTree Inc. (U.S.).
Key Benefits
- The study provides an in-depth analysis of the open banking market with current and future trends to elucidate the imminent investment pockets in the market.
- Current and future trends are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
- The report provides information regarding key drivers, restraints, and opportunities.
- Quantitative analysis of the current market and estimations through 20172023 are provided to showcase the financial caliber of the market.
Open Banking Market Key Segmentation:
By Distribution Channel
- Bank Channel
- App market
- Distributors
- Aggregators
By Service Type
- Transactional
- Communicative
- Informative
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Players
- Accern Corporation (U.S.)
- JackHenry and Associates (U.S.)
- D3 Banking (U.S.)
- Demyst Data (U.S.)
- Figo GMBH (Germany)
- FinGenius (UK)
- FormFree (U.S.)
- Malauzai Software Inc. (U.S.)
- Mambu GmbH (Germany)
- MineralTree Inc. (U.S.
1. INTRODUCTION
1.1. Report description
1.2. Key benefits
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tool & model
2. EXECUTIVE SUMMARY
2.1. CXO perspective
3. MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top factors impacting the market
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. Porter’s five force analysis
3.4. Market share analysis, 2016
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
4. GLOBAL OPEN BANKING MARKET, BY DISTRIBUTION CHANNEL, 2017-2023 ($MILLION)
4.1. Market overview
4.2. Bank channel
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3. App market
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4. Distributors
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
4.5. Aggregators
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast
5. GLOBAL OPEN BANKING MARKET, BY SERVICE TYPE, 2017-2023 ($MILLION)
5.1. Market overview
5.2. Wealth Management
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.3. Merchant services
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
5.4. Loans services
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast
5.5. Cash management
5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast
5.6. Others
5.6.1. Key market trends
5.6.2. Key growth factors and opportunities
5.6.3. Market size and forecast
6. GLOBAL OPEN BANKING MARKET, BY REGION, 2017-2023 ($MILLION)
6.1. Market overview
6.2. North America
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast by
6.2.3.1. Distribution channel
6.2.3.2. Service type
6.2.3.3. Country
6.2.3.3.1. U.S.
6.2.3.3.1.1. Market size and forecast, by distribution channel
6.2.3.3.1.2. Market size and forecast, by service type
6.2.3.3.2. Canada
6.2.3.3.2.1. Market size and forecast, by distribution channel
6.2.3.3.2.2. Market size and forecast, by service type
6.2.3.3.3. Mexico
6.2.3.3.3.1. Market size and forecast, by distribution channel
6.2.3.3.3.2. Market size and forecast, by service type
6.3. Europe
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast by
6.3.3.1. Distribution channel
6.3.3.2. Service type
6.3.3.3. Country
6.3.3.3.1. UK
6.3.3.3.1.1. Market size and forecast, by distribution channel
6.3.3.3.1.2. Market size and forecast, by service type
6.3.3.3.2. Germany
6.3.3.3.2.1. Market size and forecast, by distribution channel
6.3.3.3.2.2. Market size and forecast, by service type
6.3.3.3.3. France
6.3.3.3.3.1. Market size and forecast, by distribution channel
6.3.3.3.3.2. Market size and forecast, by service type
6.3.3.3.4. Russia
6.3.3.3.4.1. Market size and forecast, by distribution channel
6.3.3.3.4.2. Market size and forecast, by service type
6.3.3.3.5. Italy
6.3.3.3.5.1. Market size and forecast, by distribution channel
6.3.3.3.5.2. Market size and forecast, by service type
6.3.3.3.6. Rest of Europe
6.3.3.3.6.1. Market size and forecast, by distribution channel
6.3.3.3.6.2. Market size and forecast, by service type
6.4. Asia-Pacific
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast by
6.4.3.1. Distribution channel
6.4.3.2. Service type
6.4.3.3. Country
6.4.3.3.1. China
6.4.3.3.1.1. Market size and forecast, by distribution channel
6.4.3.3.1.2. Market size and forecast, by service type
6.4.3.3.2. India
6.4.3.3.2.1. Market size and forecast, by distribution channel
6.4.3.3.2.2. Market size and forecast, by service type
6.4.3.3.3. Japan
6.4.3.3.3.1. Market size and forecast, by distribution channel
6.4.3.3.3.2. Market size and forecast, by service type
6.4.3.3.4. South Korea
6.4.3.3.4.1. Market size and forecast, by distribution channel
6.4.3.3.4.2. Market size and forecast, by service type
6.4.3.3.5. Australia
6.4.3.3.5.1. Market size and forecast, by distribution channel
6.4.3.3.5.2. Market size and forecast, by service type
6.4.3.3.6. Rest of Asia-Pacific
6.4.3.3.6.1. Market size and forecast, by distribution channel
6.4.3.3.6.2. Market size and forecast, by service type
6.5. LAMEA
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast by
6.5.3.1. Distribution channel
6.5.3.2. Service type
6.5.3.3. Country
6.5.3.3.1. Latin America
6.5.3.3.1.1. Market size and forecast, by distribution channel
6.5.3.3.1.2. Market size and forecast, by service type
6.5.3.3.2. Middle East
6.5.3.3.2.1. Market size and forecast, by distribution channel
6.5.3.3.2.2. Market size and forecast, by service type
6.5.3.3.3. Africa
6.5.3.3.3.1. Market size and forecast, by distribution channel
6.5.3.3.3.2. Market size and forecast, by service type
7. COMPANY PROFILES
7.1. Accern Corporation
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Business performance
7.1.4. Operating business segments
7.1.5. Key strategies and developments
7.2. JackHenry and Associates
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Business performance
7.2.4. Operating business segments
7.2.5. Key strategies and developments
7.3. D3 Technology, Inc.
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Business performance
7.3.4. Operating business segments
7.3.5. Key strategies and developments
7.4. DemystData
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Business performance
7.4.4. Operating business segments
7.4.5. Key strategies and developments
7.5. Figo GmbH
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Business performance
7.5.4. Operating business segments
7.5.5. Key strategies and developments
7.6. FinGenius
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Business performance
7.6.4. Operating business segments
7.6.5. Key strategies and developments
7.7. FormFree
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Business performance
7.7.4. Operating business segments
7.7.5. Key strategies and developments
7.8. Malauzai Software, Inc.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Business performance
7.8.4. Operating business segments
7.8.5. Key strategies and developments
7.9. Mambu GmbH
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Business performance
7.9.4. Operating business segments
7.9.5. Key strategies and developments
7.10. MineralTree, Inc.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Business performance
7.10.4. Operating business segments
7.10.5. Key strategies and developments
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