Blockchain in Financial Services

Blockchain in Financial Services: Key Opportunities, Vendor Strategies & Market Forecasts 2021-2030

Juniper Research’s latest Blockchain in Financial Services research offers a comprehensive and independent assessment of the use cases for blockchain technology within the financial services sphere; covering its capabilities, benefits, and barriers to further use. The report includes an extensive analysis of the current blockchain landscape, market drivers and future market stakeholders, as well as examining the key vendors operating in the space through Juniper Research’s Competitor Leaderboard.

The report also provides a detailed overview of the key regions and markets globally; examining ongoing blockchain research and activity within them. The research focuses on 3 key use cases: digital identity verification, cross-border payments and insurance, and also discusses the potential for blockchain use in other areas of financial services, such as CBDC (Central Bank Digital Currency), trade finance, lending/credit scoring and domestic payments.

The research suite includes industry benchmark forecasts for blockchain use in key areas including:
  • Digital Identity Verification
    • Banking
    • eGovernment
    • eCommerce payments
  • Cross-border remittances
    • B2B
    • Consumer
  • Insurance
    • Motor Insurance
    • Home Insurance
    • Life Insurance
    • Health Insurance
This research suite comprises:
  • Strategy & Trends (PDF)
  • Competitive Landscape (PDF)
  • Data & Forecasts (PDF & Excel)
  • 12 months' access to harvest online data platform

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Key Features

  • Sector Dynamics: A detailed analysis of the current status of blockchain within financial services and the further potential for this technology to be adopted in this area; highlighting the prospective drivers and challenges within several key segments, including:
    • Digital Identity Verification
    • Cross-border Payments
    • Insurance
    • Stablecoins
    • CBDCs
    • Trade Finance
    • Lending/Credit Scoring
    • Domestic Payments
  • Key Takeaways & Strategic Recommendations: Highlights key market takeaways around the benefits of blockchain deployment and barriers to its use in this sector, as well as providing recommendations for stakeholders to consider for successful implementation.
  • Benchmark Industry Forecasts: Analysis and a 10-year forecast suite for blockchain; providing forecasts for the deployment, value and achievable cost savings within the blockchain in financial services market for the following sectors:  
    • Digital Identity Verification
    • Cross-border Payments
    • Insurance
  • Data is split by our 8 key regions and 25 countries, including:
    • Argentina
    • Australia
    • Brazil
    • Canada
    • China
    • Colombia
    • Denmark
    • France
    • Germany
    • India
    • Italy
    • Japan
    • Mexico
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Saudi Arabia
    • Singapore
    • South Africa
    • South Korea
    • Spain
    • Sweden
    • UK
    • US
  • Interviews with leading players across the blockchain value chain, including:
    • Oracle
    • R3
  • Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 15 vendors, together with our Competitor Leaderboard positioning matrix:
    • Accenture
    • Algorythmix
    • Applicature
    • Applied Blockchain
    • Auxesis Group
    • Blockchains
    • ConsenSys
    • Galileo Platforms
    • IBM
    • Infosys
    • Oracle
    • R3
    • Ripple
    • Spring Labs
    • Velo Labs

Key Questions

  1. What key trends are shaping the growth of blockchain in the financial services arena today?
  2. What are the key use cases for blockchain in financial services?
  3. What are the fastest-growing countries for the adoption of blockchain in financial services and why?
  4. What is the future growth potential for blockchain in financial services?
  5. Who are the key providers of blockchain within the financial services sector and how can they secure their market position?

Companies Referenced

Interviewed: Oracle, R3.
 
Case Studied: Evernym Factorin.
 
Included in Juniper Research Competitor Leaderboard: Accenture, Algorythmix, Applicature, Applied Blockchain, Auxesis Group, Blockchains, ConsenSys, Galileo Platforms, IBM, Infosys, Oracle, R3, Ripple, Spring Labs, Velo Labs.
 
Mentioned: ABI, ADD.XYZ, Aegon, Ahli Jordan Bank, AIG, AIJB (Arab Jordan Investment Bank) , Alastria, Algorand, Alipay, Allianz, Amazon, American Express, AnchorUSD, Anquan, Ant Financial , ANZ, Aon, AP Moller-Maersk, Apfiny, Apollo Fintech, August Capital, Avant, AWS, AXA, Axis Bank, Azimo, BABB, Banco Rendimento, Bangkok Bank, Bank Negara Malaysia, Bank of Canada, Bank of Communications, Bank of England, Bank of NY Mellon, Banks CIBC, Banque de France, Bavarian State Ministry of Justice, BBOX, BeeTech, Benext, Better Mortgage, BGIN (Blockchain Governance Initiative Network), Bharti AXA, Binance.US, BIS, BitPay, Blink Innovation, Blockchain Capital, Blockchain.com, Blockdaemon, Bluetab Solutions Group, BlueVine, BMO (Bank of Montreal), BNP Paribas, BoJ (Bank of Japan), Borsa Italiana, CaixaBank, Cambridge Blockchain, Canada’s Chamber of Digital Commerce, Cetas, CFPB (Consumer Financial Protection Bureau), CFTC (Commodity Futures Trading Commission), Chain by Lightyear, China Construction Bank Asia, ChromaWay, CipherTrace, Circle, Citi, Cloudworks, Codex, Coinbase, Coincheck, Coinfirm, CoinMarketCap, Commerce Bank, Commercial Bank of Dubai, Commonwealth Bank of Australia, Confirm, ConsenSys, Credly, CULedger, Cuscal, Cygnetise, Darwinsurance, Deloitte, Department of Economic Development, Department of Science and Technology, Desjardins, Deutsche Bank, DIF, DIFC (Dubai International Financial Centre), Digital Asset, Dreamteam, DTCC, Du Capital , EdenBull, Emirates Islamic, Emirates NBD, Energy Efficient Equity, Inc , Ensurge, EOS, ERV, Ethereum, EU Blockchain, European Central Bank, European Commission, evan GmbH, Expertus, EY, FCA (Financial Conduct Authority), Federal Chamber of Notaries, Federal Ministry of Economic Affairs and Energy , Federal Ministry of Economics, FedNow, Fireblocks, Firefly CNY, Forbesi, FRISS, Fundation, Fundbox, Funding Circle, GBBC (Global Blockchain Business Council), GCash, GCash, Generali Group, Germany Federal Ministry of Economic Affairs and Energy Secure Digital Identities, Global Shipping Business Network, GM Ventures, Goldman Sachs, GreatPoint Ventures, GreenSky, Guardtime, Guidewire, Haidrun, Hanwha Investment and Securities, HashKey Capital, HDFC Bank, Hewlett Packard, Hitachi, Howdoo, HSBC, HSS (Department of Health and Human Services), Humana, Hyperledger Fabric, IBBIC (Indian Banks’ Blockchain Infrastructure Co), ICICI Bank, IDB (Inter-American Development Bank), IDBI Bank, IDRBT (Institute for Development and Research in Banking Technology), India Trade Connect, Indian Institute of Management Lucknow, IndusInd Bank, Inetum, Infosys, ING, Innosuisse, InstaReM, Institutes Risk Stream Collaborative, Intel Capital, Intellect EU, Interbank, IPFS, JFSA (Japan Financial Service Agency), JPMorgan, Jump Capital, Jungheinrich AG, Kaleido, KASIKORNBANK, KBC, KLM, Komgo, Kotak Mahindra Bank, KPMG, Ledgertech, LexisNexis, LHV Bank, Liberty Mutual, L-Incubator, Luther Systems, LVL, Maersk, Mashreq Bank, Mastercard, MediConCen, Merrill Lynch, Mesh, Microsoft, MIDAS (Motor Insurance DLT-based Authentication System), Mitsubishi UFJ Financial Group, MonetaGo, Monetary Authority of Singapore, MoneyGram, MTN Nigeria, Munich Re, MyCelia, Nasdaq, National Bank of Canada, Natixis, Nayms, NEM, Neurosoft, Nigeria Inter-Bank Settlement System Plc, NIST (National Institute of Standards Technology), Nium, Norbloc, Nordcloud, NPP Australia (New Payments Platform Australia), NPREX, Nuggets, OCBC, Office of the Comptroller of the Currency, OKCoin, OnDeck Capital, P&G, PACE Funding Group, LLC, Parity, Payments Canada, PayPal, PBOC (People’s Bank of China), Penn National, pingNpay, PIX, PKO Bank Polski, PNC, Pontual, Pravici, Proviar Solutions, Prudential, Punjab National Bank, Quorum, Rabobank, RAKBANK, RBC, RBL Bank, Real-time Payments Network, Rehive, Renovate America, Inc, Reply, Reserve Bank of Australia, Reserve Bank of India, Ria, RiskStream Collaborative, RocketSpace, SAMA (Saudi Arabian Monetary Authority), Santander, SatoshiPay, SBI Group, SBI Remit, SCB (Siam Commercial Bank), Scentre Group, Scotiabank, SEB, SEC (US Securities and Exchange Commission), SecureKey Technologies, Seven Bank, SGX (Singapore Exchange), Shell, Shinhan Bank of South Korea, Signum Capital, Singaporean United Overseas Bank, Singlife, SITA, SIX, Slice Labs, slock.it, Smart Dubai, Smartlands, SMBC, SNB (Swiss National Bank), Société Générale, SoFi, Sony, South African Reserve Bank, South Indian Bank, South Korean Financial Services Commission, Sovrin Foundation and Network, Standard Chartered, Starbucks, State Bank of India, Stellar, Supermoney, SupplyBloc, SureRemit, Sveriges Riksbank, SWIFT, Swiss Blockchain Federation, Swiss Re, Taos, TD Bank Group, Technological University of Munich, Telenor Microfinance, Temasek Holdings, Tendermint, TerraPay, Tetragon, Thales, The Floow, TMX Group, Tokio Marine, Toyota, TransRe, TransUnion, Treum, Trov, TruQua, TwinToken, UBS, UniCredit, Union Bank of India, Union Bank of the Philippines, UnionBank, UnipolSai, United Health Group, United Nations, UOB (United Overseas Bank), Upgrade, US Commodities Futures Trading Commission, US Department of Homeland Security, US Securities and Exchange Commission, US Treasury Bureau, USAA, Viamericas, Visa, Vitro, Vodafone, W3C Credentials Community Group, Wabion, Walmart, WEF (World Economic Forum), wefox, Wells Fargo, Western Union, Westpac, Willis Tower Watson, Wirex, World Bank, WWF, Wyzepay, Xoomworks, Yes Bank, Ygrene Energy Fund California, Zurich.
 

Data & Interactive Forecast

Juniper Research’s Blockchain in Financial Services forecast suite includes:
  • Regional splits for 8 key regions, as well as 25 country-level data splits for:
    • Argentina
    • Australia
    • Brazil
    • Canada
    • China
    • Colombia
    • Denmark
    • France
    • Germany
    • India
    • Italy
    • Japan
    • Mexico
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Saudi Arabia
    • Singapore
    • South Africa
    • South Korea
    • Spain
    • Sweden
    • UK
    • US
  • Forecast segment splits by:
    • Digital Identity Verification
    • Cross-border Payments
    • Insurance
  • Digital Identity Verification splits by:
    • Banking
    • eGovernment
    • eCommerce
  • Cross-border Payment splits by:
    • B2B
    • Consumer
  • Insurance splits by:
    • Motor Insurance
    • Home Insurance
    • Life Insurance
    • Health Insurance
  • Interactive Scenario Tool allowing users to manipulate Juniper Research’s data for 10 different metrics.
  • Access to the full set of forecast data of more than 130 tables and over 53,000 datapoints.
Juniper Research’s highly granular IFxl (interactive Excel) database enables clients to manipulate Juniper Research’s forecast data and charts to test their own assumptions using the Interactive Scenario Tool, and compare select markets side by side in customised charts and tables. IFxls greatly increase clients’ ability to both understand a particular market and to integrate their own views into the model.
 

Blockchain in Financial Services Full Research Suite

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Full Research Suite

Blockchain full research suite comprises:

  • Blockchain Competitive Leaderboard PDF Report
  • Blockchain Market Trends & Strategies PDF Report
  • Blockchain Market Data & Forecasting PDF Report
  • Blockchain Interactive Forecast Excel Data
  • Quarterly PDF Report & Excel Data Updates
  • 12 months' access to Blockchain data updates in harvest - find out more

 

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Latest market data forecasts and impact analysis. Delivered as PDF and interactive Excel

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Research Details

Publisher:
Juniper Research
Published:
08/11/2021
Author(s):
Susannah Hampton
Category:
Fintech & Payments
Regions:
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Countries:
Argentina, Australia, Brazil, Canada, China, Colombia, Denmark, France, Germany, India, Italy, Japan, South Korea, Mexico, Netherlands, Norway, Poland, Portugal, Saudi Arabia, Singapore, South Africa, Spain, Sweden, UK, USA

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