Banking as a Service vs embedded finance: what’s the difference?
10 Jan 2023

Banking as a Service vs embedded finance: what’s the difference?

As the embedded finance industry grows, a question that often comes up from innovators and digital startup founders is: what’s the difference between embedded finance and […]

25 Oct 2022

10 questions to ask BaaS suppliers

Q1. How much do I need to worry about risk and compliance? With all the elements that BaaS leaves for innovators to sort out themselves, it’s little surprise that so businesses feel like embedded finance is still out of reach for them.

26 Jul 2022

Regulatory compliance: What you need to know

If you’re a digital innovator thinking of offering any kind of financial services within your platform, you’ll be aware of the need for regulatory compliance when […]

22 Apr 2022

Who benefits from embedded finance?

How much hassle do you want? Most people would wish for little or none, yet businesses are inadvertently creating it all the time, whether for themselves […]

5 Apr 2022

How Plug-and-Play Finance helps you scale faster than BaaS / banking-as-a-service

For digital innovators, standing still isn’t an option. Once you’ve found your product/market fit there’s no time to rest on your laurels – the next goal […]

Guide

What is embedded finance?
Everything you need to know to supercharge your business.
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To ensure your funds are safe Paynetics follow a process known as ‘safeguarding’ which is a regulatory requirement for all EMIs. In this process Paynetics keeps your money separate from its own money and place it in a safeguarding account with a Bank.

Electronic Money issued is not covered by any Deposit Guarantee Scheme which is a government backed scheme offering protection to customers’ funds of up to €100,000 (£85,000 in the UK under the FSCS) per customer. However, in the event of an insolvency, your funds would remain in the safeguarded account at the designated Bank and separated from Paynetics’ accounts.

In the event of Paynetics going out of business, an insolvency practitioner would be appointed to return the funds Paynetics has safeguarded to the customers. This means you would get most of your funds back, except for the costs deducted by the insolvency practitioner for returning the funds to the customers
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