Celent, a leading industry research and advisory firm focused on technology for financial institutions, recently has conducted research to find out what embedded finance means for banks and processors and how they can find their place in it. OpenWay, a top-ranked digital banking and payments software provider, believes the resulting report is highly relevant to our partners and aims to make it available to a larger audience.
This report addresses key points on the topic of embedded finance:
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What embedded finance is and what it is not
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Five leading strategies for banks to engage with embedded finance
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BaaS, marketplaces, open banking: new business models and how to enable them
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Opportunities and potential risks of opening your services via third parties
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Technology for embedded finance: how companies like OpenWay can help
Licensed financial institutions mentioned in the report include:
Ant Financial, Banco Davivienda, Barclays, BBVA, BNP Paribas, CBW Bank, Citi, comdirect Bank AG, Cross River Bank, DBS Bank, Evolve Bank and Trust, Fidor Bank, Goldman Sachs, Green Dot Bank, Huntington National Bank, JB Financial Group, Lincoln Savings Bank, Monzo, NatWest, Paytm Payments Bank, PNC, Revolut, RBC, Seattle Bank, SFCU, Société Générale, Solarisbank, Standard Chartered, Starling Bank, Sutton Bank, TD Bank, The Bancorp Bank, WebBank, Wells Fargo, Westpac, Yes Bank
Fintechs, enterprises, and technology firms mentioned in the report include:
OpenWay, 10x, Affirm, Afterpay, Apple, Autobooks, Beam, BitStocks, Bond, Branch, Chime, Dave, Deserve, Doordash, Empower, Facebook, Finastra, Galileo, Google, i2c, Jack Henry & Associates, Klarna, LightningAid, Mambu, Marqeta, Modulr, MoneyLion, MuchBetter, Netflix, Nium, PayKey, PayPal, PelicanPay, Plaid, Plum, Railsbank, Raisin, Sage, Shopify, SocietyOne, SoFi, Stripe, Synapse, Telefonica Germany, Temenos, Tesco, Thought Machine, Treezor, TrueLayer, Uber, Xero
Sample figure from the report:
