Commerce Tomorrow – How Embedded Finance is Disrupting the Modern Economy
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Embedded finance is the streamlined integration of financial services into a conventional non-financial service. It is intended to simplify financial processes for consumers and provide a better user experience by allowing them to access what they need when they need it.
Illustrative Embedded Finance Architecture
Key Enablers | · Open Banking
· Payment Application Programming Interfaces (APIs) |
Key Benefits | · For Businesses
· For Consumers · For Financial Institutions |
Key Innovations | · Embedded Payments
· Embedded Insurance · Embedded Card Payments · Embedded Lending |
Enquire & Decide | Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase. |
The key enablers for embedded finance are open banking and payment application programming interfaces (APIs). While these have advanced and matured sufficiently to enable embedded finance to become viable, it is not the case in all markets indicating that embedded finance’s prospects are not yet ubiquitously favorable. However, the progression of embedded finance could give rise to new regulatory changes and the development of existing ones including anti-money laundering (AML) such as the Bank Secrecy Act (BSA).
Buy the Full Report for More Insights on Embedded Finance, Download A Free Report Sample
Benefits of Embedded Finance
For Businesses: Improved customer engagement, additional revenues, and increased order value are some of the primary benefits of embedded finance for businesses.
For Consumers: Enhanced shopping experience, personalized financial services, and the ability to obtain institutionalized financial services are some of the basic benefits of embedded finance for consumers.
For Financial Institutions: The main benefits of embedded finance for financial institutions are simplified customer acquisitions, improved customer management and gaining access to financial data.
Buy the Full Report for More Insights on the Benefits of Embedded Finance, Download a Free Sample Report
Embedded Finance – Key Innovations
Embedded payments, embedded insurance, embedded card payments, embedded lending, embedded banking, embedded investment, embedded money management, and embedded wealth are the key innovations in the embedded finance.
Embedded payments: One of the examples of embedded payments is MoneyGram customer app to manage cryptocurrency transactions. The MoneyGram money transfer app makes it simpler for users to send money internationally from the US while providing users the speed, adaptability, and freedom to move money on their terms. It gives them access to a secure platform where they can buy, sell, and hold a few different cryptocurrencies. Users can use the app from any location to check foreign conversion rates, calculate fees, and pay invoices.
Buy the Full Report for Additional Innovations in the Embedded Finance Industry, Download a Free Sample Report
Scope
Innovation Insights: innovation examples by each application segment of the embedded finance business to present key trends.
Key Highlights
Innovations: presents real-world innovation use cases and examples related to the implementation of emerging technologies by companies as well as startups in the embedded finance business. It casts light on how tech-enabled innovations are transforming every segment of the sector value chain.
Reasons to Buy
No surprise that technology has been a driving force in business transformation for years, but the term ‘emerging technologies’ has all of the sudden become the key catalyst to drive the next wave of innovation across sectors.
The sense of urgency weighs differently across different sectors, where the direct customer-facing sectors are at the forefront compared to other capital-intensive sectors. Companies in one sector can take cues from successful innovations in other sectors to either draw analogies with existing products, services, and processes or transfer strategic approaches for a revolutionary transformation.
Against this backdrop, enterprises need to understand which emerging technologies are impacting their sector and how various companies are implementing them to meet various challenges.
The innovation landscape report in embedded finance, published by GlobalData as part of an ongoing series, covers some real-world examples to advance the development and implementation of embedded finance across some major sectors.
Additiv
Alviere
Amazon
Apple
Aryza
Atram
Autonomy
Bankifi
Bano
Barclaycloud
Barclays
BMT
Cash App
Cellulant
Currencycloud
DigiSure
Dreams
Finastra
FintechOS
First National Bank of Omaha (FNBO)
Goldman Sachs
Grab
Grover
Hakuna
Highnote
Housing.com
Infinicept
Irish Life
JP Morgan
KeyBank
LetsTransport
Liberis
Lightspeed Commerce
Lyft
Mastercard
MoneyGram
Mood Media
OneVest
Orange
payfare
PayPal
Q2
Qover
Razorpay
Riscovry
Robinhood
Solarisbank
Stride Bank
Stripe
Tesla
Tillful
Verto
Visa
VisitorsCoverage
Wave
Xpence
Table of Contents
Frequently asked questions
-
What is embedded finance?
Embedded finance is the streamlined integration of financial services into a conventional non-financial service.
-
What are the key enablers for embedded finance?
The key enablers for embedded finance are open banking and payment application programming interfaces (APIs).
-
What are the benefits of embedded finance for businesses?
Improved customer engagement, additional revenues, and increased order value are some of the primary benefits of embedded finance for businesses.
-
What are the benefits of embedded finance for customers?
Enhanced shopping experience, personalized financial services, and the ability to obtain institutionalized financial services are some of the basic benefits of embedded finance for consumers.
-
What are the benefits of embedded finance for financial institutions?
The main benefits of embedded finance for financial institutions are simplified customer acquisitions, improved customer management and gaining access to financial data.
-
What are the key innovations of embedded finance?
Embedded payments, embedded insurance, embedded card payments, embedded lending, embedded banking, embedded investment, embedded money management, and embedded wealth are the key innovations in the embedded finance.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.