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Embedded finance market to explode over next five years, research shows

By Puja Sharma

October 12, 2022

  • Digital Banking
  • Embedded Finance
  • Fintech news
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Embedded Finance

As identified, individuals are already benefitting from embedded finance technologies daily, yet the market is predicted to explode within the next five years. With the boundless potential for businesses and end users to significantly benefit from the nascent technology.

London-based Plug-and-Play Finance specialist, Weavr, announced the launch of its latest whitepaper, entitled ‘Embedded finance: Bringing value into focus.’ The paper, which has been created in collaboration with leading industry experts, reveals a shared and focused vision for the future of embedded finance.

A hot topic in the FinTech industry, embedded finance is top of the agenda for many. Yet, as the company reveals, there has remained much to discover and understand about how a company can use embedded finance to unleash transformation and make the biggest impact.

The illuminating whitepaper provides a comprehensive, digestible overview of how embedded finance is perceived today, where it stands to add the most benefits, and what businesses require to make that happen. It takes a detailed look at three sector-specific applications of the concept.

As identified, individuals are already benefitting from embedded finance technologies daily, yet the market is predicted to explode within the next five years. With the boundless potential for businesses and end users to significantly benefit from the nascent technology. The success of this will be heavily reliant on education around the concept, a point of concurrence between the leading experts in the paper.

In publishing the embedded finance whitepaper, the firm intends to inform those working in, and alongside the sector. The thought-provoking report makes the case that embedded finance has the potential to transform sectors for the better, and facilitate meaningful, long-term benefits across multiple sectors, however, to unleash these changes, education, and implementation must be addressed.

Speaking on the publication, Alex Mifsud, Co-Founder, and CEO of Weavr said, “Embedded finance has all the hallmarks of an unstoppable force that is revolutionizing business, just like eCommerce did 20 years ago. We created this paper because we have a vision where most financial services are purchased and consumed through digital products and services that serve broader and more fundamental customer needs like health, education, work, family, and leisure. In these sectors, the focus would become more on the benefits of banking and less on the banking itself – with significant advantages to be had by both the businesses and end users.

The paper maps out how this vision might be realized, drawing on both our expertise and that of respected industry leaders who have been generous with their advice on how the real-world benefits of embedded finance can be realised, as well as sharing industry-specific examples to show the concept working in practice.”

Key Highlights

  • As identified, individuals are already benefitting from embedded finance technologies daily
  • The success of this will be heavily reliant on education around the concept
  • Embedded finance has all the hallmarks of an unstoppable force that is revolutionizing business, just like eCommerce did 20 years ago
  • Embedded finance is a revenue multiplier
  • plug-and-play is the ‘gold standard’ of embedded finance

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