What is Embedded Banking?
What is embedded banking?
Put simply, embedded banking is the process of integrating financial services within a third parties' platform and apps, through APIs. It is the umbrella term that encompasses numerous different financial services.
Who is it for?
Embedded banking is not just for FinTechs and Banks
In the digital age, people expect more for less — and the way banking is handled is no exception to this.
- More efficient processes with fewer touch points
- Improved personalisation without being asked a million questions
- Greater visibility without having to hunt for information
- Cheaper pricing without sacrificing the quality of service or product.
Any business involved in payment flows should take advantage of the game-changing opportunity to own the payment process. Businesses who don’t take the step to becoming financially integrated will soon fall behind the competition.