Fifty-seven per cent have expanded/upgraded their existing offering in the last two years. Furthermore, OpenPayd has found that 50 per cent of Italian, 46 per cent of French and 39 per cent of Spanish companies all plan on offering embedded banking services in the next three years.Ĭritically, every firm surveyed had discussed the possibility when speaking to the BaaS platform, with many giving the tech’s implementation some serious thought. In Germany, while only three per cent of firms currently offer embedded banking services, this will rise to 69 per cent in three years. However, this number is set to climb to 67 per cent in the next three years. One in five (20 per cent) UK-based firms offer embedded banking services as of November 2023. Understanding how many businesses are capitalising on embedded banking services, OpenPayd, the global Banking-as-a-Service (BaaS) platform publishes its whitepaper. The next three years are bright for embedded banking as 48 per cent of large businesses plan to offer the tech services despite only seven per cent of large European companies currently doing so.
