Christopher Schmitz, Partner and EMEIA Fintech Leader at EY Parthenon, outlines what he considers the four future business models for financial services. Among them is Embedded Finance, a model that is gaining prominence.
The imperative for embedded finance is reshaping the dynamics of customer acquisition and distribution, and it is poised to play a pivotal role in the future of the financial services industry, as indicated by a survey conducted by EY.
According to Christopher, financial services providers must align themselves with the evolving needs of their customers, reaching them at their points of requirement.
Embedded finance: The next wave of transforming the financial services industry and beyond?
Related news & insights
MCB unveils Juice Tap: A new era in digital payments
This innovative feature, accessible through the MCB Juice app, allows customers to complete transactions by simply bringing their NFC-enabled smartphone...
APAC’s solutions to Europe’s biggest challenges in banking
We've gathered some of the most pressing questions from our European member banks and asked Joe Jelinek, Research Director at...
ZA Bank pioneers retail crypto trading in Asia
Through the ZA Bank app, customers can now trade Bitcoin and Ethereum seamlessly using HKD or USD, consolidating traditional banking...
Key insights from the Qorus-Infosys Finacle Innovation in Retail Banking report 2024
Jim Marous, Owner and Publisher of the Digital Banking Report and Co-Publisher of The Financial Brand, shares key insights from...
YAS and QBE launch “Pay-As-You-Sell” insurance for e-commerce merchants
This pioneering solution, underwritten by QBE and distributed through YAS, utilizes advanced technology from Assureful, offering a scalable and dynamic...
Garanti BBVA champions SME transformation in Türkiye
This initiative prepares SMEs to adapt to global trends in green and digital transformation, equipping them for long-term success in...
Lloyds Bank launches benefit calculator to help customers claim unclaimed support
Lloyds Bank has introduced the Benefit Calculator, a new feature in its mobile app that simplifies the process of identifying...
Qorus Innovation Spotlight: November 2024 edition
In the seventh edition of the Financial Innovation Spotlight, we spotlight five new initiatives by Commonwealth Bank of Australia, Arab...