NasdaqGS:SOFI
NasdaqGS:SOFIConsumer Finance

Digital Payment Update - FaaS Revolutionizing Financial Solutions Across Industries

The global Fintech as a Service (FaaS) market is experiencing significant growth, projected to increase from $387 billion in 2024 to $1.1 trillion by 2030, driven by a compound annual growth rate of 18.4%. This expansion is facilitated by technological advancements such as cloud computing, AI, machine learning, and blockchain, which enable businesses to seamlessly integrate digital financial solutions into their operations. The growth of FaaS is further supported by open banking regulations,...