What is Embedded Finance? (Contd)
How is Embedded Finance going to change the Fintech World? Global giants like Amazon, Mercedes, IKEA, or Walmart are cutting out the traditional banks, the financial middleman, and plugging in software from start-ups to offer customers everything right from Credit, banking, and insurance. As a result, they have now cracked the code for Finance. Until recently, if an organization wanted to offer financial services, they were required to form a FinTech arm within their business. This included an enormous capital expenditure, which took years to develop and a long time to show profits. Embedded Finance Infrastructure reduces the barriers approximately 10x for digital platforms to natively offer financial services to their customers. Therefore, for the customer, Embedded Finance enables 'native' [...]