PUBLISHER: GlobalData | PRODUCT CODE: 1175237
PUBLISHER: GlobalData | PRODUCT CODE: 1175237
Embedded finance is a burgeoning trend in the fintech world, accelerated by open banking and encouraged by shifting customer behaviors in response to the COVID-19 pandemic. It simplifies financial processes by combining a non-financial service provider, such as a retailer or a ride-sharing service, and a financial service, such as payment processing, lending, or insurance. Prior to the development of embedded finance, there was usually a disconnect between the consumer and the company with which they did business. With embedded finance, the need for a third-party bank or lender is eliminated. The knowledge and observation of emerging trends in embedded finance and Banking-as-a-Service (BaaS) can assist banks and non-bank companies in identifying opportunities and making strategic choices regarding product development, partnerships, and go-to-market strategies. The report uses GlobalData's Innovation Explorer database and expert analysis to showcase some noteworthy examples from embedded finance.
Innovations: presents real-world innovation use cases and examples related to the implementation of emerging technologies by companies as well as startups in the mining sector. It casts light on how tech-enabled innovations are transforming every segment of the sector value chain.