
Embedded Finance: New Opportunities in the Digital Transformation of Financial Services
Description
Embedded Finance: New Opportunities in the Digital Transformation of Financial Services
This IDC Market Perspective discusses the potential benefits and challenges businesses may face when incorporating embedded finance into their existing solutions as well as explores use cases of different applications of embedded finance. Businesses are craving solutions that will provide them with more agility and adaptability than ever before. Embedded finance brings opportunities to connect with businesses and help them achieve these goals in a way that reduces costs and improves customer experience. Embedded payments, embedded lending, and embedded banking are all examples of ways that tech suppliers can provide value to businesses that are looking to improve the efficiency of their financial processes. When bringing on these solutions, businesses can expect to face challenges around financial partner relationship management, integration of solutions, and data privacy and security."There are so many potential applications for embedded finance both in existing financial services and in nonfinancial applications. As more players enter the market and regulations continue to shift, expect more competition for innovative solutions and even more incorporation of AI and ML. Keep the focus on user experience and partner relationships when bringing new solutions to the market," says Jordan Steele, research manager of Worldwide Financial Applications for IDC.
Please Note: Extended description available upon request.
Table of Contents
7 Pages
- Executive Snapshot
- New Market Developments and Dynamics
- Introduction
- Industry Dynamics
- Potential Benefits
- Improved Customer Experience
- Increased Revenue
- Lower Costs
- Improved Financial Inclusion
- Potential Challenges
- Data Privacy and Security
- Financial Partner Management
- Integration Concerns
- Scenarios/Use Cases
- Embedded Payment
- Embedded Banking
- Embedded FX Capabilities in Treasury Management
- Embedded Lending
- Future of Embedded Finance
- Increasing Number of Players in Market
- AI and Machine Learning
- Changes in Regulation
- Advice for the Technology Supplier and Services Provider
- Learn More
- Related Research
- Synopsis
Pricing
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