The latest Digital Banking report provides an extensive analysis of how the banking space is transforming digitally, in reaction to intensifying competitive pressures, as well as the increased availability of APIs, such as with banking-as-a-service, open banking and embedded finance.
The report positions 15 banking-as-a-service vendors in the publisher's Leaderboard, as well as assessing 30 digital-only banks on their disruptive potential, and 30 traditional banks on their digital transformation efforts via two Positioning Indexes respectively. The research also includes an extensive forecast suite, which includes digital banking use and bill payment and presentment use, split by online, mobile and tablet channels.
Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.
Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.
The report positions 15 banking-as-a-service vendors in the publisher's Leaderboard, as well as assessing 30 digital-only banks on their disruptive potential, and 30 traditional banks on their digital transformation efforts via two Positioning Indexes respectively. The research also includes an extensive forecast suite, which includes digital banking use and bill payment and presentment use, split by online, mobile and tablet channels.
This research suite includes:
- Deep Dive Strategy & Competition (PDF)
- 5-year Deep Dive Data & Forecasting (PDF & Excel)
- Executive Summary & Core Findings (PDF)
- 12 months' access to harvest online data platform
Key Market Statistics
Market Size in 2021:
$2.3tnMarket Size in 2026:
$3.4tn2021 to 2026 CAGR:
- 11.91%
Key Features
Sector Dynamics: Analysis of key trends and primary challenges across the digital banking space; highlighting the impact of:
- The COVID-19 pandemic
- The rise of banking-as-a-service and enabling new market entrants
- The integration of open banking and how this is disrupting the current landscape
- How digital transformation in banking is changing the market fundamentally
The Leaderboard: Key player capability and capacity assessment for 15 major banking-as-a-service vendors, including:
- Bankable
- BankMobile
- Cambr
- ClearBank
- Cross River
- Green Dot
- Marqeta
- OpenPayd
- Railsbank
- Singular Banking
- solarisBank
- Sopra Banking Software
- Starling Bank
- TietoEVRY
- Treezor
- the Digital Transformation Readiness Index: Analyses 30 global Tier 1 banks to evaluate their digital transformation readiness scores and highlight their respective positioning in the digital innovation roadmap.
- the Digital-only Bank Positioning Index: Analyses 30 emerging and innovative digital-only banks that have the potential to disrupt traditional banking models.
Benchmark Industry Forecasts: Including forecasts for digital banking use, including online banking, mobile banking and tablet banking, with forecasts for digital use and bill payment and presentment. All forecasts are split by the following 25 countries and run until 2026:
- Argentina
- Australia
- Brazil
- Canada
- China
- Colombia
- Denmark
- France
- Germany
- India
- Italy
- Japan
- Mexico
- Netherlands
- Norway
- Poland
- Portugal
- Saudi Arabia
- Singapore
- South Africa
- South Korea
- Spain
- Sweden
- UK
- US
Key Questions Answered
- What are the regional differences in how open banking is rolling out across the world?
- What are the key trends influencing the evolution of the banking market?
- How are traditional banks digitally transforming and which banks are leading these efforts?
- Which digital-only banks are leading the market?
- What effect will the introduction of BaaS have and what are the leading platforms?
The Digital Banking forecast suite includes:
Banking platform splits by:
- PC & Desktop
- Mobile Handset
- Tablet
- Smartwatch
- Banking segment splits for Banking Information Services & Alerts
- User base, transaction volume and value splits for Bill Payment & Presentment Services
- Access to the full set of forecast data of 83 tables and over 19,500 datapoints.
- Interactive Excel Scenario tool allowing the user the ability to manipulate the data for 10 different metrics.
Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.
Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.
Companies Mentioned
- Experian
- Monzo
- OpenPayd
- Tala
- Tink
- Bankable
- BankMobile
- Cambr
- ClearBank
- Cross River
- Green Dot
- Marqeta
- OpenPayd
- Railsbank
- Singular Banking
- Solarisbank
- Sopra Banking Software
- Starling Bank
- TietoEVRY
- Treezor
- Ally Banks
- Atom
- au Jibun Bank
- Axos Bank
- Banco Original
- BM Technologies
- Boursorama Banque
- digibank
- Fidor
- Go Bank
- Hello Bank
- Kakao Bank
- Koho
- Monese
- Monzo
- MYBank
- N26
- NuBank
- Orange Bank
- Paytm Bank
- Pepper
- Rakuten
- Revolut
- SBI Sumishin
- Starling Bank
- Tandem
- WeBank
- Wise
- ABC (Agricultural Bank of China)
- Banco Santander
- Barclays
- BBVA
- BNP Paribas
- BoC (Bank of China)
- BofA (Bank of America)
- BPCE
- CCB (China Construction Bank)
- Citi
- DBS Bank
- Deutsche Bank
- Emirates NBD
- Equity Bank of Kenya
- HDFC Bank
- HSBC
- ICBC (Industrial and Commercial Bank of China)
- JPMorgan Chase
- Maybank
- MUFG (Mitsubishi UFJ Financial Group)
- QNB
- RBS/NatWest
- Sberbank
- SBI
- Société Générale
- Standard Bank
- Sumitomo Mitsui
- UniCredit
- United Bank for Africa
- Wells Fargo
- 7‑Eleven
- ABN
- ABS (Association of Banks in Singapore)
- ACCC (Australian Competition and Consumer Commission).
- Accenture
- AccountNow
- Adib
- Afterpay
- Aion Bank
- AlBakara
- AliBaba
- Alluim Money
- Amazon Pay
- American Express
- Ant Group
- Anthos Capital
- Anytime
- ANZ
- Aplazame
- Apple Pay
- Arcus
- Arkea Banking Services
- Augumentum Fintech
- Auka
- Axos Bank
- axway
- Backbase
- BaFin
- Bancolombia
- Bank of Melbourne
- Bank of Tokyo
- Bankable
- BankMobile
- Bankwest
- Banxy Bank
- BBVA Bancomer
- BCB (Banco Central do Brasil)
- Berkshire Hathaway
- Betterment
- BNP Paribas
- Borse Stuttgart
- Branch
- British Red Cross
- BRSA (Banking Regulation and Supervision Agency)
- Capital Banking Solutions
- Central Bank of Turkey
- CFPB (Consumer Finance Protection Bureau)
- Chrysalis Investments
- Cisco
- Clear Books
- Cleo
- Coinbase
- Commonwealth Bank
- Consorsbank
- Contour
- CRA (Canada Revenue Agency)
- Curv
- Customers Bank
- Customers Bankcorp
- CyberSmart
- Dawn Capital
- DBS Bank
- DeCurret
- Dell Technologies
- Deloitte
- Digital Risks
- Ditto Bank
- Dozens
- DreamOval
- E*TRADE Advisor Services
- EazzyBiz
- Economist Intelligence Unit
- Eurazeo
- eurobits Technologies
- EY Global
- FCAC (Financial Consumer Agency of Canada)
- FED (Federal Reserve)
- Fidelity Management and Research Company
- Fin TechSystems
- Finleap
- Fitbit
- Flux
- Flybits
- FreeAgent
- FSA (Financial Service Agency)
- FSC (Financial Services Commission)
- FS-ISAC (Financial Services Information Sharing and Analysis Center)
- FTI (Financial Technology Institution)
- Funding Circle
- Garmin
- Gemini
- GIC
- Goldman Sachs
- Good Green Bank
- Google Pay
- Grab
- Green Dot Bank
- Grindrod Bank
- Growth Street
- Heartcore Capital
- HPE
- IBM
- ING
- Instantor
- Intuit Turbotax
- Invesco
- Japan Airlines
- JTC Group
- Juntos
- KeyBanc Capital Markets
- Kinnevik AB
- Klarna
- Kmart
- Komgo
- Kontist
- KPMG Poland
- Kraft Bank
- Lakestar
- Latona
- Layer
- LendKey
- LEVERIS
- Libeo
- Lunchr
- Lydia
- Lyft
- Marginalen Bank
- MAS (Monetary Authority of Singapore)
- Mastercard
- McAfee
- McDonald’s
- Megalith Financial Acquisition Corporation
- Microsoft
- Middlegame Ventures
- Millenium Management
- Mitsubishi UFJ
- MODIFI
- Molo
- Money Dashboard
- MoneyPak
- Morgan Stanley
- Morning
- M-PESA
- MYSQL
- NAB
- NACHA (National Automated Clearing House Association)
- National Bank of Rwanda
- Nationwide Building Society
- Net1
- Nimbla
- Novus
- NPCI (National Payments Council of India)
- Nutmeg
- OakNorth
- OCBC
- Okra
- Old National Bank
- ONPEX
- OpenLegacy
- Openlink
- OpenWrks
- Oracle
- Ovamba Solutions
- PayPal
- PayStream
- People’s Bank of China
- Peoples Trust Group
- PFC
- Pintec
- Plaid
- PropertyGuru
- Qatar Investment Authority
- Qlik
- QNB Pay
- Qonto
- Quickbooks
- Raisin Bank
- RapidPay
- RBI (Reserve Bank of India)
- Red Hat
- Revolut
- Rocketloans
- Royale Oceanic
- RushCard
- Salesforce
- Samsung
- Sands Capital
- SAP
- SBI Group
- SBS (Sopra Banking Software)
- Shine
- Shopify
- Simple
- Slack
- Slydepay
- SmartBuy
- Smava
- Société Générale
- Sopra Steria
- So‑sure
- Sparda-Bank
- Sparqa Legal
- Spendesk
- Square
- St George
- Standard Chartered
- Start-up Chile
- Stash
- StoneCastle
- Stripe
- Sumitomo Mitsui Financial Group
- Sun Life Vietnam
- Swissborg
- Tail
- Tarabut Gateway
- Temenos
- Tencent
- Tide
- T-Mobile
- Tomorrow
- Trade Republic
- Transact Payments
- UBA Connect
- Uber
- UnderPinned
- United Bank
- UOB
- Upstart
- Van Lanschot
- Ventura Capital
- Viber
- Viet Capital Bank
- Vina Capital
- Visa
- VMWare
- Vodeno
- Walmart
- Wealthfront
- wealthify
- WeBank
- Westpac
- William Blair
- Xero
- YAPEAL
- Yolt
- YouGov
- Younited
- Zettle
