Over the next five to ten years, the total addressable market (TAM) of BaaS providers in the European Economic Area and the United Kingdom is expected to increase significantly, reaching a value of approximately €90 billion to 105 billion by 2030
Banking-as-a-service propositions are no longer confined to the realm of credit cards or payment services. As shifting consumer preferences and technology breakthroughs increase the set of BaaS offerings and a growing number of “banking adjacent” players enter the scene, it is certainly time for bank CXOs to leverage their positions and boldly enter the BaaS space — lest they get left behind.
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