Since the pandemic hit, embedded finance has become one of the hottest trends in fintech. The technology disrupts businesses by generating improved and new revenue streams.
1) Embedded finance involves companies integrating financial services or financial products through their digital products.
2) It simplifies the purchasing process for customers while streamlining backend processes for businesses.
3) As a result, embedded fintech is on the rise, in which fintech options are embedded into finance companies’ products and services.
4) It’s also different from the buy now, pay later (BNPL) trend that’s sweeping the finance sector right now.
If so, then what are the use cases of embedded finance? How to understand it better? Let’s decode it on #embeddedfinanceseries.