The report titled “Canada Embedded Finance Business and Investment Opportunities Databook – 75+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q2 2024 Update” has been added to ResearchAndMarkets.com’s offerings.
Overview
The embedded finance industry in Canada is projected to grow by 11.9% annually, reaching $3.56 billion by 2024. Over the forecast period (2024-2029), the sector is expected to maintain a compound annual growth rate (CAGR) of 24.9%, with revenues increasing from $3.56 billion in 2024 to $10.84 billion by 2029.
This report provides a detailed, data-driven analysis of Canada’s embedded finance market, covering key segments like lending, insurance, payments, and wealth management. It outlines market opportunities, risks, and trends, supported by 75+ KPIs.
Key Market Drivers
- Partnerships and Innovations: Financial institutions and fintech companies in Canada are collaborating to offer integrated services. Advancements include personalized lending solutions, integrated banking, and enhanced payment technologies.
- Regulatory Support: Ongoing regulatory changes, such as Canada’s open banking initiative, are fostering growth. These changes, along with the increasing emphasis on financial inclusion through digital platforms, are driving innovation in the sector.
Growth Trends
The embedded finance sector has seen significant expansion in recent months due to collaborations between financial institutions, fintech, retail, and telecommunications. This trend is expected to continue, with a focus on embedded lending, insurance, and payment solutions across various sectors.
Key Developments
- Product Innovations:
- Liberis launched an AI-powered platform for small business financing.
- RBC introduced embedded banking features in its digital platforms, offering loans and payment services.
- Wealthsimple expanded its investment tools for partner platforms.
- Shopify improved its embedded payment processing for seamless checkout experiences.
- Strategic Partnerships:
- Visa has formed partnerships with fintech companies to integrate payments and lending services into non-financial platforms.
- RBC and Shopify teamed up to provide banking services for Shopify merchants.
- Wealthsimple partnered with digital platforms to offer investment management directly within their services.
- Regulatory Changes:
- The Open Banking Framework is being advanced, allowing consumers more seamless access to financial services.
- The Financial Consumer Agency of Canada (FCAC) is emphasizing consumer protection for embedded finance products.
- FINTRAC is reinforcing anti-money laundering regulations as embedded finance expands.
Report Features:
- Pages: 130
- Forecast Period: 2024-2029
- Estimated Market Value (2024): $3.56 billion
- Forecasted Market Value (2029): $10.84 billion
- CAGR: 24.9%
Market Segmentation
The report segments the embedded finance market by:
- Sectors: Retail, logistics, telecommunications, manufacturing, consumer health, and more.
- Business Models: Platforms, enablers, and regulatory entities.
- Distribution Models: Own platforms and third-party platforms.
It also covers the embedded insurance, lending, payment, and wealth management markets, breaking down each by industry and business models, offering deep insights into the sector’s growth potential.
For more details, visit ResearchAndMarkets.com.
