The explosive growth of embedded finance globally confirms a radical shift by consumers and businesses to financial services that are instant, convenient and tailored to meet their individual needs, particularly around payments and lending. The vast opportunities to create new distribution channels, reduce customer acquisition costs and increase revenue streams for banks, however, are not without risks. Operational models can be complex and regulatory liability is mounting, with increasing pressure for sponsor banks to manage risks tied to Know-Your-Customer and anti-money-laundering requirements across partnerships with Banking-as-a-Service (BaaS) providers and end brands.
Among the things you'll learn:
