The Banking, Financial Services, And Insurance (BFSI) industry is at the forefront of digital transformation, reshaping how financial services are delivered and experienced. The integration of fintech innovations, including blockchain technology, artificial intelligence (AI), and machine learning, is revolutionizing customer interactions, risk management, and fraud detection. Digital banking and contactless payment solutions are becoming the norm, driven by a surge in mobile banking and the global push toward a cashless economy. In the insurance industry, the rise of insurtech is streamlining processes through predictive analytics, automated claims management, and personalized policy offerings. Meanwhile, cybersecurity in BFSI has emerged as a critical focus area, as financial institutions combat increasing threats to safeguard sensitive customer data. In addition, the rise of cryptocurrencies and decentralized finance (DeFi) is challenging traditional financial systems, presenting both opportunities and risks for industry players.
At Navistrat Analytics, our comprehensive market research reports provide deep insights into these transformative trends, helping businesses adapt to the rapidly evolving BFSI landscape. From fintech advancements to regulatory impacts and emerging technologies, our reports empower you to make strategic, data-driven decisions.
Discover our reports today and secure your competitive edge in the evolving BFSI industry.
The global open banking market reached USD 29.46 billion in 2024 and is expected to register a revenue CAGR of 21.4% during the forecast period. Rising demand for digital financial services, increasing focus on financial inclusion, growing adoption of technologies such as AI, IoT, and cloud computing, and rising expansion of FinTech ecosystems and embedded finance are expected to drive revenue growth of the market. [...]
The global robo advisory market size reached USD 8.23 billion in 2024 and is expected to register a revenue CAGR of 28.2% during the forecast period. Rapid digital adoption in financial services, increasing demand for low-cost investment solutions, and rising financial literacy and interest in self-directed investing are major factors driving revenue growth in the robo-advisory market. [...]
The global regtech market size reached USD 18.4 billion in 2024 and is expected to register a revenue CAGR of 19.6% during the forecast period. Growing financial crime and cybersecurity threats, rising AML/KYC enforcement owing to due diligence requirements and growth of FinTechs and payment platforms are major factors driving revenue growth in the regtech Market. [...]
The global Peer to Peer (P2P) Lending Market size reached USD 136.5 billion in 2024 and is expected to register a revenue CAGR of 23.1% during the forecast period. Rapid expansion of fintech platforms, rising demand for alternative lending options, and increasing need for business loans are major factors driving revenue growth in the Peer-to-Peer (P2P) Lending Market. [...]
The global embedded finance market size reached USD 93.3 billion in 2024 and is expected to register a revenue CAGR of 23.1% during the forecast period. The rapid growth of B2C e-commerce is significantly contributing to the revenue expansion of the embedded finance market. [...]
The global API banking market size reached USD 31.73 Billion in 2024 and is expected to register a revenue CAGR of 25.8% during the forecast period. Rapid integration of application programming interfaces (APIs) in digital payment, owing to the adoption of smartphones and internet access is a major factor driving the market revenue growth of API banking market. According to the International Telecommunication Union (ITU), around 5.5 billion people will be using the Internet in 2024. [...]
The global AI In Credit Scoring Market size reached USD 1,730.7 Million in 2023 and is expected to register a revenue CAGR of 23.7% during the forecast period. Rising disposable income in advanced and emerging economies is a major factor driving the market revenue growth of AI in credit scoring market. A substantial number of consumers in these regions are witnessing higher levels of disposable income, and purchasing power. Banking, financial services and insurance (BFSI) are experiencing demand in financial products. [...]
The global Aviation Insurance market size reached USD 3.97 Billion in 2023 and is expected to register a revenue CAGR of 6.3% during the forecast period. Aviation insurance often covers both physical damage to the aircraft and legal responsibility stemming from its ownership and operation. [...]
The global Decentralized Finance (DeFi) market size reached USD 27.31 Billion in 2023 and is expected to register a revenue CAGR of 44.6% during the forecast period. Decentralized Finance (DeFi) is a new financial paradigm that uses distributed ledger technologies to provide services like loan, investing, and crypto asset exchange without the need for a traditional centralized intermediary. [...]