The future and opportunities of Embedded Finance
Anders la Cour, CEO of Banking Circle Group, discusses the ongoing challenges Financial Institutions face, how that has changed due to COVID and how licenced businesses like his are enabling Banks, Payments businesses and FinTechs to transform the suite of solutions they offer, without transforming their internal infrastructure.
FTT Embedded Finance North America – Embedded finance: The $7 trillion new market opportunity
In this session, Simon Torrance (CEO, Embedded Finance & Super App Strategies and Executive Working Group Member, World Economic Forum) reviews the scale of the opportunity for embedded finance in the North American market, covering payments, lending, banking, insurance, wealth management and loyalty, as well as defining the practical benefits for “embedders”: Retailers, manufacturers, telcos, techcos, banks, insurers and governments.
The Rising Opportunity of Embedded Finance
A rising tide lifts all boats.
Embedded finance is getting BIGGER and hiding lucrative opportunities behind every corner.
Join Philippe Gelis (Kantox) and Ignacio Javierre (HUBUC) in discussion of how fintech evolved in the past years and what is awaiting us in the future.
Interested in embedding financial capabilities into your business? Check out HUBUC here: https://bit.ly/3ombH3G
Interested in currency and risk management solutions? Check out Kantox here: https://www.kantox.com/en/
#fintech #embeddedfinance #thehubucway
Decoding Embedded Finance (And its Opportunities)
RedCompass Labs helps financial institutions deliver profitable, secure, end-to-end payment and financial crime services and solutions. Find out how: https://www.redcompasslabs.com
How can financial services develop a top user value proposition and maximise their profits? The answer lies in leveraging the hottest trend across payments and technology: Embedded Finance. Take a look around and you will find it everywhere: from consumer-focused FinTechs and e-commerce platforms to ridesharing companies like our favourite Uber.
While the traditional financial sector has become more open through the democratisation of APIs,
how can banks safeguard their position and revenues? Does embedded finance represent an
opportunity to create a new business line?
Listen to this episode of After Hours by RedCompass Labs, in which Mike Truter and Julie Guetta welcome Equinix Digital Transformation Expert, Adrian Mountstephens, to discuss the meaning of Embedded finance for the Financial Industry.
Chapters:
0:00 Introduction
1:09 Drinks of the day!
2:00 Meet Adrian Mountstephens
3:45 Topic Selection
5:00 The Importance of Embedded Finance & the Impact of Covid-19
8:38 Banks’ Undermined Reputation & Trust
10:38 What’s Stopping Incumbents from Leveraging BaaS?
16:46 The Urgency of Going Digital
20:30 The Power of Partnerships & The Future of Banks in Payments
24:44 Open Data Economy
29:24 Final Remarks
31:34 Outtake
Companies mentioned in this podcast:
Equinix https://www.equinix.com/
Goldman Sachs https://www.goldmansachs.com/
Videos mentioned:
• ISO 20022: Why the path to success lies in data-led testing
https://www.youtube.com/watch?v=S8nHAi14Y8I &t=1s
• How can banks use Regulation to Innovate?
https://www.youtube.com/watch?v=q2xKWCQV4so
Subscribe to our newsletter and updates for the latest in payments and financial crime news https://offers.redcompass.com/subscribe
Listen to the After Hours podcast:
Spotify https://open.spotify.com/show/4mRH6KqBvnGFnPiSr6Cpkz?si=Kdr9khZpSaqKl7eZ_ZwOpQ &nd=1
Apple https://podcasts.apple.com/pt/podcast/redcompass-after-hours/id1557889000
Google https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZDBmYTU1OC9wb2RjYXN0L3Jzcw?sa=X &ved=0CAMQ4aUDahcKEwjYv7KSyarvAhUAAAAAHQAAAAAQFA
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#embeddedfinance #payments #redcompasslabsafterhours
What is Embedded Finance?
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Check out FinBox:
https://finbox.in/
Embedded Finance is the integration of financial services into a non-financial business or a service. Embedded Finance infrastructure companies enable platforms and companies to offer financial services such as banking, lending, payments, and investments entirely within their own apps or ecosystems.
Every time you pay for your cab online within a cab-hailing app, or purchase goods online on EMIs – right at checkout – without having to leave the app – it’s the magic of Embedded Finance.
Embedded Finance enables digital businesses in the MSME, B2C, and B2B segments to
Increase their customer lifetime value
Unlock alternate sources of revenue
Upgrade their product offering and actualise their product vision
It helps financial institutions to
Acquire new customers
Improve their margins
Offer sachetized financial products
Drive repeat transactions and Up-sell financial products
Embedded Finance enables digital platforms and financial institutions to combine forces and create a new generation of innovative and effective financial products for consumers!
Embedded Finance platforms will play a pivotal role in the distribution of financial services in this decade.
Embedded Finance will deepen Financial Inclusion and lead to an explosion of financial services into use cases that were never possible before!