If you have thoughts or questions to share on this series, please leave a comment.
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).
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
Finextra: How Bank and Fintech Partnerships are Redefining the Future of Banking
Hydrogen: How Bank and Fintech Partnerships are Redefining the Future of Banking
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
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
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
Predictions
Money20/20: The Building Blocks of Fintech 2.0
CapGemini & EFMA: World Fintech Report 2021
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