Meir Dudai’s Post

Xalts Acquires Contour to Accelerate Digitization in Supply Chain Finance: FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain finance, combining Xalts’ expertise in digital finance applications with Contour’s established network connecting global banks to businesses, Xalts said in a Tuesday (Feb. 20) press release. Contour Network, which was […] The post Xalts Acquires Contour to Accelerate Digitization in Supply Chain Finance appeared first on PYMNTS.com. #opnplatform #b2bpayments #openpackagingnet

Jifiti is shaping embedded finance - Fintech Nexus: Jifiti is quietly shaping the future of embedded finance by working strategically with banks to deliver personalized solutions.

#Business payments have evolved rapidly over the last two decades, allowing #SMEs to move money more simply. FinTechs in particular have led the charge on shipping emerging tech that allows businesses to operate with greater ease and #speed. However, despite progress, there is still work to be done on accelerating the evolution of #payments, writes Till Wirth, product director at Wise Platform, in this piece for BusyContinent. The article sets out the three key trends that are set to shape business #payments in 2023, including: 📱Embedded finance - From improved #payroll to #invoicing and cross-border payments, integrating third-party #infrastructure is one of the biggest opportunities for #innovation ⚡️Instant payments - Crucial for #SMEs looking for a #fast, efficient way to pay and get paid 🌎 Cross-border capabilities - Partner #integrations speed up innovation and allow FinTechs to provide businesses with additional #value seamlessly, improving retention Read more about Wise Platform’s integrations with over 60 partners worldwide in BusyContinent: https://lnkd.in/eFt78DDa *The speed of transaction claims depends on individual circumstances and may not be available for all transactions

Insightful report about a very current topic

#FINTECHREPORT| From Brands to #Banking - Architecture of Embedded Finance 💡 Although still in its early stages, Embedded Finance holds immense potential and is expected to experience explosive growth. Experts predict that the market could be worth over USD 138 billion by 2026. In the recently published The Paypers's Embedded Finance and Banking-as-a-Service Report 2023, the content has been thoughtfully organised into nine extensive chapters, providing a comprehensive understanding of the subject. 📌 The report encompasses a rich tapestry of perspectives from industry experts and renowned institutions, making it a valuable resource for anyone seeking to gain clarity and in-depth insights into the rapidly evolving world of Embedded Finance and BaaS in 2023. Understanding the distinction: Embedded Finance vs. Banking-as-a-Service: 🗯 “I think of ‘Banking-as-a-Service’ and ‘Embedded Finance’ as two sides of the same coin. Banking-as-a-Service is a capability that enables Embedded Finance,” says Jason Mikula, Fintech Advisor, Consultant, Speaker. What opportunities exist for banks in this space? 🤔💭 Key opportunities for banks are 1️⃣ to become a direct provider of Embedded Finance via a BaaS business model {e.g. Starling Bank}, 2️⃣ partner with a broad-based BaaS provider {e.g. NatWest with Vodeno}, 3️⃣ be the balance sheet provider for Embedded Finance service providers, 4️⃣ utilise an Embedded Finance service provider as a vendor to fill out the bank’s own product suite, or 5️⃣ enable an Embedded Finance service provider to cross-market to the bank’s customer base. The report also explores Embedded Finance and BaaS, mapping key players and providing real-world examples of transformation in industries, making it informative and engaging. It covers BaaS partnerships, successful outcomes, use cases, sector applications, BaaS service offerings, and global differentiation. With thorough market analysis and diverse perspectives from key players, the report equips all businesses to unlock Embedded Finance's full potential. Lastly, the report includes a comprehensive global infographic and industry mapping, showcasing the key players in the world of Embedded Finance. Contributors: MONEYlive | FinTech Connect | INNOPAY | Flagship Advisory Partners #fintech #embeddedfinance #baas #productcoverage #customerexperience 

Delighted to have my insights featured in an engaging article by Thomas Bleach for The Fintech Times! In today's dynamic business landscape, an increasing number of firms are awakening to the boundless potential of embedded finance across all industries and sectors. However, traditional approaches and strategies are no longer sufficient to meet the demands of this largely untapped market. With customer experience and convenience as the cornerstone of success, embedded finance players need to look beyond payments and consider including risk management and embedded insurance propositions to truly unlock the opportunities of this market. The existing embedded finance space presents a multitude of possibilities, but competition is fierce, so it is fundamental to think outside of traditional modules to stay ahead of the curve. #insurtech #embeddedfinance #embeddedinsurance #HDIEmbedded

#FINTECHREPORT| From Brands to #Banking - Architecture of Embedded Finance 💡 Although still in its early stages, Embedded Finance holds immense potential and is expected to experience explosive growth. Experts predict that the market could be worth over USD 138 billion by 2026. In the recently published The Paypers's Embedded Finance and Banking-as-a-Service Report 2023, the content has been thoughtfully organised into nine extensive chapters, providing a comprehensive understanding of the subject. 📌 The report encompasses a rich tapestry of perspectives from industry experts and renowned institutions, making it a valuable resource for anyone seeking to gain clarity and in-depth insights into the rapidly evolving world of Embedded Finance and BaaS in 2023. Understanding the distinction: Embedded Finance vs. Banking-as-a-Service: 🗯 “I think of ‘Banking-as-a-Service’ and ‘Embedded Finance’ as two sides of the same coin. Banking-as-a-Service is a capability that enables Embedded Finance,” says Jason Mikula, Fintech Advisor, Consultant, Speaker. What opportunities exist for banks in this space? 🤔💭 Key opportunities for banks are 1️⃣ to become a direct provider of Embedded Finance via a BaaS business model {e.g. Starling Bank}, 2️⃣ partner with a broad-based BaaS provider {e.g. NatWest with Vodeno}, 3️⃣ be the balance sheet provider for Embedded Finance service providers, 4️⃣ utilise an Embedded Finance service provider as a vendor to fill out the bank’s own product suite, or 5️⃣ enable an Embedded Finance service provider to cross-market to the bank’s customer base. The report also explores Embedded Finance and BaaS, mapping key players and providing real-world examples of transformation in industries, making it informative and engaging. It covers BaaS partnerships, successful outcomes, use cases, sector applications, BaaS service offerings, and global differentiation. With thorough market analysis and diverse perspectives from key players, the report equips all businesses to unlock Embedded Finance's full potential. Lastly, the report includes a comprehensive global infographic and industry mapping, showcasing the key players in the world of Embedded Finance. Contributors: MONEYlive | FinTech Connect | INNOPAY | Flagship Advisory Partners #fintech #embeddedfinance #baas #productcoverage #customerexperience 

🔮Embedded Finance is the Future 🔮 💵 The global embedded finance market currently boasts a total transaction value of around $92billion. 💵 📈 An interesting article from The Fintech Times confirms that embedded finance is continuing to grow and is in demand more than ever! By 2028, it forecasts this value to hit around $228billion, estimating 148 per cent growth across just four years. 📈 “…consumer demand for more convenient and personalised financial experiences, directly within the apps and services they use daily.” Sergiy Fitsak, managing director at Softjourn “One of the biggest trends has to be in the user experience, as successfully implementing embedded payments comes down to reducing friction for the customer” Johannes Kolbeinsson, CEO and co-founder of PAYSTRAX 🏦 B2B players, such as banks, will see a large impact as they look to catch up with the consumer market “by offering a wider range of opportunities to their customers through embedded finance partnerships.” 🏦 Adam Edwards, product and growth director at Satago https://lnkd.in/ewN6GCBS.

RevoluGROUP, has just announced a strategic White-Label Agreement providing Payment-as-a-Service solutions with German payments provider Ozank . This game-changing agreement, signed earlier this week, revolves around leveraging RevoluSEND services via seamless API integration to empower OZANK's expansion into key markets such as India, North America, Mexico, China, Philippines, Indonesia, Singapore, Malaysia, UAE, and Turkey. RevoluPAY is rolling out a suite of services through its RevoluSEND platform, equipping OZANK to focus on merchants like retail users, individuals, small businesses, and freelancers. By leveraging RevoluPAY's APIs, OZANK will boost its capacity to process international money remittances and expand its B2B and B2C marketplace offerings, all while ensuring that OZANK's clients benefit from a secure and efficient platform for their financial transactions as outlined in the white-label agreement. Gavin McMillan, CEO and Director of RevoluGROUP, affirmed, “Our cloud-based payment-as-a-service model delivers the global settlement fabric, reach, speed, and payment cost efficiency necessary to support financial technology companies, Neobanks, enterprise and global organizations without relying on traditional banking institutions. By empowering individuals and organizations with these capabilities, we're facilitating greater financial inclusion and driving positive economic impact on a global scale.” Seeing so many companies shift their focus to a one stop payment-as-a-service model, I will be keeping a watch to see what impact Revolu has in the coming years! https://lnkd.in/epgyMaBc

Amidst the current buzz surrounding embedded finance and Banking-as-a-Service (BaaS), it's important to recognise that we are merely scratching the surface – truly unlocking this market opportunity will transform how we people live and interact at a global scale. Although the landscape may seem crowded with a substantial number of competitors, it is crucial to acknowledge that the market remains largely untapped. This untapped potential opens up a plethora of opportunities that extend far beyond the realm of basic financial services.   Here's our own, Nelson Castellanos sharing his views with The Fintech Times and discussing the potential benefits of seeking “less obvious services” in the embedded finance space. He says, ���Embedded finance players need to think outside of traditional modules like payments, international transfers, and card issuing. They should consider incorporating essential modules such as risk management and embedded insurance if the goal is to stay ahead of the curve. The ability to leverage already existing but less obvious services effectively – in a competitive market – will give rise to more successful providers.” Link to the article below. Curious to know how you can benefit from our solutions? Reach out to our team heads to discuss potential partnerships: Marat Nevretdinov Nelson Castellanos Gregor Mandt #embeddedinsurance #embeddedfinance #insurtech #HDIEmbedded