HTF MI introduces new research on PSD2 and Open Banking covering the micro level of analysis by competitors and key business segments (2023-2029). The PSD2 and Open Banking explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled in the study are Token (United Kingdom), Direct ID (United Kingdom), Envestnet | Yodlee (United States), Salt Edge (Canada), Yapily (United Kingdom), Basiq (Australia), Cleo (United States), Currensea (United Kingdom), Tink (Sweden), Bud (United States).
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According to HTF Market Intelligence, the Global PSD2 and Open Banking market to witness a CAGR of % during forecast period of 2023-2029. The market is segmented by Application (Commercial, Industrial) by Type (PSD2, Open Banking) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
PSD2 and Open Banking are two related regulatory initiatives that aim to promote competition, innovation, and security in the banking and financial services industry.PSD2 (Payment Services Directive 2) is a European Union directive that regulates payment services within the EU. It requires banks and other payment service providers to provide access to customer account information and payment initiation services to third-party providers, with the customer’s explicit consent. This is known as “open banking” and it allows for the development of new financial services and products by fintech companies and other third-party providers.PSD2 and Open Banking are expected to drive innovation and competition within the financial services industry, as well as increase security and customer control over their financial data. However, there are concerns about data privacy and security, as well as potential challenges for banks and financial institutions in implementing the necessary technological changes to comply with the new regulations.
Highlighted of PSD2 and Open Banking Market Segments and Sub-Segment:
PSD2 and Open Banking Market by Key Players: Token (United Kingdom), Direct ID (United Kingdom), Envestnet | Yodlee (United States), Salt Edge (Canada), Yapily (United Kingdom), Basiq (Australia), Cleo (United States), Currensea (United Kingdom), Tink (Sweden), Bud (United States)
PSD2 and Open Banking Market by Types: PSD2, Open Banking
PSD2 and Open Banking Market by End-User/Application: Commercial, Industrial
PSD2 and Open Banking Market by Geographical Analysis:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
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The study is a source of reliable data on Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain, and investor analysis.
Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.
Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.
Key Points in the Market: The key features of this PSD2 and Open Banking market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.
Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
• To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
• To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
• To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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