The global open banking market is anticipated to grow at a CAGR of 21.2% during the forecast period (2023-2030). The bank's ability to collect an unprecedented amount of consumer data, analyze it, and provide customized services where they are needed is made possible by cloud deployment services that enable scalability, flexibility, and real-time processing, which is expected to create new opportunities for segment growth. The fastest growth owing to the increased adoption of cloud technology across the banking sector this technology enables banks to comply with open banking regulations and accelerate innovation in a new digital ecosystem for instance, in February 2023, Oracle launched Oracle banking cloud services of componentized, composable cloud-native services. by using this platform, the company provides services such as wide limits and collateral management, global payment processing for API management, retail onboarding and originations, and new self-service digital experience capabilities. The new services are built and running on the high performance, scalability, security, and compliance of Oracle Cloud Infrastructure, including OCI’s Oracle Kubernetes Engine.
Browse the full report description of “Open Banking Market Size, Share & Trends Analysis Report by Type (Cloud, On-Premises, and Hybrid), by Services (Banking & Capital Markets, Payments, Digital Currencies, and Value-added Services), and by Distribution Channel (Bank Channel, App Market, Distributors, and Aggregators), Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/open-banking-market
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Type
o By Services
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes HSBC Bank plc, Jack Henry & Associates Inc., Lloyds Bank plc, Mambu and Mineral Tree, Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Open Banking Market Report Segment
By Type
By Services
By Distribution Channel
Global Open Banking Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
To learn more about this report request a sample copy @ https://www.omrglobal.com/request-sample/open-banking-market