“Banking is necessary; banks are not,” said Bill Gates in 1994. As financial services become increasingly embedded in everyday life, the truth of this statement has never been clearer. Consumers are now accessing financial services through various places other than the bank. Embedded finance is changing the banking landscape and is expected to have an estimated market value of $138 billion by 2026, according to Juniper Research.
What exactly is embedded finance? Why is it important? How can you leverage it for your organization? As embedded finance transforms the banking landscape, we share some insights in this paper to help you think about its actual (or potential) impact on your organization and how you can navigate the change.