"The integration of financial services into non-financial interactions is only getting started. As a more natural facilitation of monetary transactions, embedded finance eliminates friction and enables highly tailored customer experiences." via Boston Consulting Group (BCG) #payments #fintech #banking #commerce #ecommerce #retailing #embeddedfinance
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Embedded Finance: Driving the Future of Financial Services The financial services landscape is rapidly transforming, with embedded finance (EF) leading the charge. This innovative approach integrates financial services directly into consumer experiences, allowing banks and businesses to meet customers where they are, enhancing convenience and satisfaction. Recent insights by McKinsey & Company highlight that Europe’s embedded finance market is set to exceed €100 billion by 2030, with EF channels poised to drive 20-25% of retail banking sales and SME lending. The convergence of banks, merchants, and customer platforms is reshaping how financial services are delivered, creating new opportunities for growth and customer engagement. At i-exceed, we empower our partners to thrive in this evolving landscape by enabling seamless integration of financial services into everyday offerings, driving value for businesses and customers. Let’s explore how embedded finance can be a game-changer for your organization - https://lnkd.in/dCHYUdU #EmbeddedFinance #BankingInnovation #DigitalTransformation #iExceed
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The #FinancialServices industry is undergoing a massive transformation, and #EmbeddedFinance is leading the way. Traditional banks are no longer the only game in town. Non-financial institutions are seamlessly integrating financial services into their platforms, creating a revolution in #UserExperience. Our latest #ExpertPOV explores the key trends shaping embedded finance in 2024, including: ✅The massive growth potential, reaching an estimated $7.2 trillion for embedded banking services within a decade. ✅The focus on UX and #personalization. ✅The crucial role of collaboration between financial institutions and #fintech companies. Is your business prepared for the embedded finance revolution? Read the full POV to gain a competitive edge from our Experts: https://lnkd.in/g27aTy4g #FinServ #FinanceTransformation #CustomerExperience #banking #NBFC
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New customer expectations have increased the urgency of delivering innovative finance experiences. QuickFi’s fully digital Embedded Lending platform enables innovation by allowing lenders to more quickly identify and respond to ever-changing customer preferences.
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The financial world is evolving, and one thing is clear: banks need to embrace instant payments to keep up with customer demands and stay competitive. This article highlights why it's crucial for financial institutions to adopt to faster, more efficient systems - and how doing so opens up new opportunities for innovation and collaboration. At 421, we believe in simplifying finance for everyone, and instant payments are a key step forward. Let's build the future of finance together 🤝 #FutureOfFinance #InstantPayments #Innovation #Payments #FourTwoOne https://lnkd.in/dDXsgRyj
Why Banks Need to Get on Board With Instant Payments
https://www.bankdirector.com
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McKinsey & Company survey data shows that "vertical-specific software solutions captured more than 50% of SME spending in 2023 in the US. Under pressure from disrupters, incumbent scale acquirers with legacy processing systems are losing margin." #payments #fintech #banking #commerce #ecommerce #retailing
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The payments landscape is constantly evolving. Optimizing payment processes is more critical than ever. What we hear from payments leaders everyday is that they want to streamline their payment flow, leverage data analytics to achieve better operational performance, and provide a better customer experience. With the rise of digital and cross-border transactions, optimizing payments can significantly impact your competitive edge and financial health. Have you evaluated your payment process lately? #PaymentsOptimization #FinancialEfficiency #PaymentsStrategy
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In the life of a #BankManager, every day is a new adventure with IT system integration! From streamlining operations to enhancing customer experience, it's all about blending technology with finance. Today, we tackled some complex system updates, ensuring everything runs smoothly. Who knew finance could be this tech-savvy? Join me on this journey of #TechInFinance and see how we're redefining banking, one system at a time. #DayInTheLife #BankingTech
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The latest FF Virtual Arena #323 is LIVE! 🚨 Douglas Mackenzie is joined by Dr. Oliver Prill, CEO of Tide and Richard Logan, Product Director at Edenred Payment Solutions to find out how their products can help SMEs during tough economic times. 💳 🌇 Logan provides insight into Edenred’s role as a diversified payments processor, while Prill explains how Tide meets the growing needs of their customers 🤝 🤖 Both of our guests reflect on their partnership as well as future trends in the fintech industry, including advancements in AI AND the potential for consolidation among fintech players. Watch the full conversation on the link below! 👇 #edenred #businessbanking #tide #banking #fintech #financetechnology #paymentsolutions #paymentprocessing #paymentprocessor #regulatorycompliance #expensemanagement #spendmanagement #SMEs #ai #financialservices #banking #bankingindustry #fintechindustry
Boosting the business banking experience with Tide and Edenred
ffnews.com
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Discover Global Network Study Shows 85% of Consumers are Less Likely to Interact with a Business Due to a Poor Payment Experience Read more: https://lnkd.in/dQAVQeEb #DiscoverGlobalNetwork #PaymentExperience #ConsumerBehavior #fintech #finance #FinancialIT
Discover® Global Network Study Shows 85% of Consumers are Less Likely to Interact with a Business Due to a Poor Payment Experience
financialit.net
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How did Omni Capital Retail Finance streamline their operations and save countless hours on Direct Debit collections? 🕒💸 Discover how switching payment providers helped this firm: ✅ Automate key processes ✅ Enhance operational resilience ✅ Improve audit readiness 'We now have a fully automated process... It has saved us a big chunk of time.' Read the full case study to learn more about Omni's journey with AccessPay and the surprising benefits they uncovered along the way. https://okt.to/tu9x7Z
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Associate Director, Sales Strategy Lead at Lloyds Bank
3wCharlene Clemans Matthew Davies