Issue #14 - Unpacking Fintech Themes: Embedded Fintech

1. Overview on Fintech themes

2. Open Banking

3. Banking-as-a-Service

4. Embedded Finance

5. Embedded Fintech

If you have thoughts or questions to share on this series, please leave a comment.

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Where it Fits

A term coined recently by Ron Shevlin, Embedded Fintech refers to the integration of fintech products and services into traditional financial institutions' offerings. Embedded Fintech enables banks to increase the speed at which they can deliver Fintech-like services, including Embedded Finance (i.e. distribution of banking services by non-banks) and Banking-as-a-Service (i.e. banks delivering services via API). It was catalyzed by Open Banking (i.e. banks sharing customer data via API).

• Forbes: Embedded Fintech Versus Embedded Finance: Jumpstarting New Product Innovation In Banks

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Why it Matters

• CapGemini: “Banks that collaborate, embrace Open X and transform into Inventive Banks are most likely to prosper”

• Cornerstone Advisors: Embedded Fintech: How Mid-Size Financial Institutions Can Jumpstart New Product Innovation Through Fintech Partnerships

• Strands: 6 Reasons Banks Should Partner With FinTech Firms

• Finextra: How Bank and Fintech Partnerships are Redefining the Future of Banking

• Hydrogen: How Bank and Fintech Partnerships are Redefining the Future of Banking

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Use Cases & Collaboration Models

• BuiltIn: These Fintech Examples Are Having A Big Impact on Banking - And It’s Getting Bigger

• Flybits: 8 bank and fintech partnerships that are changing financial services

• Alessandro Hatami: Bank & FinTech Collaboration Models

• KPMG: Forging the Future: How financial institutions are embracing fintech to evolve and grow

• MineralTree: 3 Types of Fintech/Bank Partnership Models

• Fintech Talents: New Trends for Bank and FinTech Partnerships

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Key Players

There’s too many players to cover, so check out these lists.

• Fintechna: Fintech Infrastructure 1.0: Coming of Age

• Business Insider: These are the top fintech companies and startups in 2021

• 11:FS: Banking as a Service: reimagining financial services with modular banking

Source: Fintechna

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Challenges

• The Financial Brand: Why Bank + Fintech Partnerships Are Going Nowhere

• EY: Collaboration at the core: evolving partnerships between banks and FinTechs

• Fintech Magazine: Fintech and banks: competing through collaboration

Source: Cornerstone Advisors

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Predictions

• Money20/20: The Building Blocks of Fintech 2.0

• CapGemini & EFMA: World Fintech Report 2021

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If you have thoughts or questions to share on this series, please leave a comment.

Thanks for the inspiration:  Trent Bigelow, Mario Bricio, Steve Cocheo, David Davies, Benjamin Ensor, Anias Gerety, Nakul Gupta, Matt Harris, Alessandro Hatami, Daniel Hayes, Ellen Humphreys, Sanjib Kalita, Mike Ross Kane, Jeroen van der Kroft, Ricardo Latournerie, Dion Lisle, Jim Marous, Omri Mor, William Morales, Tyler Munro, Chris Nichols, Duncan Painter, Javier Perez, John Petersson, Ian Pollari, Murray Raisbeck, Scott Raspa, Eric Rosenthal, Frank Rotman, Alyssa Schroer, Hector Shibata, Lisa Shields, Ron Shevlin, Scarlett Sieber, Chris Skinner, Israel Sotonwa, Angela Strange, Simon Taylor, Simon Torrence, Zac Townsend