Embedded finance: The next wave of transforming the financial services industry and beyond?

Digital Reinvention
18/01/2024 Video
profile picture of Christopher Schmitz

Christopher Schmitz

EY Parthenon

Partner EY Parthenon, EMEIA FinTech Leader

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.

Want to keep reading?

Create a web account to get access to more insights

Related news & insights

Mobility
28/02/2024 News

inDrive introduces financial services for drivers

This offering provides cash loans to drivers in Mexico operating on the platform, aiming to address the financial exclusion faced...

Digital Reinvention
27/02/2024 News

BNP Paribas and Orange finalize agreement to take over Orange Bank customers

Orange and BNP Paribas have finalized agreements after exclusive negotiations initiated in June 2023. The collaboration aims to bolster services...

Digital Reinvention
27/02/2024 Article

TMBThanachart Bank enhances data infrastructure with all-flash solution

Following the merger, TMBThanachart Bank sought a high-performance storage solution to manage expanding data volumes efficiently. Huawei, a new IT...

Digital Reinvention
27/02/2024 News

Cash on call: CaixaBank and Correos partner for convenient delivery service

Exclusively available to CaixaBank clients, this innovative offering allows individuals to request cash deliveries ranging from 60 to 500 euros...

SME Banking
26/02/2024 News

Ozan teams up with Fingate.io to offer instant shopping loans

Ozan Electronic Money Institution (EMI) has partnered with Fingate.io to introduce "Ozan Kolay Kredi" (Easy Loans), an innovative product aimed...

Digital Reinvention
22/02/2024 Article

Banking on the Cloud: 7 major banking trends for 2024

The 2024 Banking on the Cloud report combines insight from analyst firms and global consultancies with knowledge gained by working...

Digital Reinvention
22/02/2024 News

Tonik introduces 'Luv Stash' for couples: Joint savings made easy

Tonik Digital Bank is revolutionizing savings for couples in the Philippines with its latest offering, the 'Luv Stash.' This unique...

Digital Reinvention
21/02/2024 News

Revolut launches robo-advisor for automated investing in France

Revolut has introduced its Robo-Advisor service in France, offering automated investment solutions tailored to individual client needs. This innovative tool...