Meir Dudai, PhD’s Post

Xalts Acquires Contour to Accelerate Digitization in Supply Chain Finance: FinTech platform Xalts has acquired Contour Network from a consortium of global banks. The move is aimed at accelerating digitization in trade and supply chain finance, combining Xalts’ expertise in digital finance applications with Contour’s established network connecting global banks to businesses, Xalts said in a Tuesday (Feb. 20) press release. Contour Network, which was […] The post Xalts Acquires Contour to Accelerate Digitization in Supply Chain Finance appeared first on PYMNTS.com. #opnplatform #b2bpayments #openpackagingnet

Jifiti is shaping embedded finance - Fintech Nexus: Jifiti is quietly shaping the future of embedded finance by working strategically with banks to deliver personalized solutions.

🔮Embedded Finance is the Future 🔮 💵 The global embedded finance market currently boasts a total transaction value of around $92billion. 💵 📈 An interesting article from The Fintech Times confirms that embedded finance is continuing to grow and is in demand more than ever! By 2028, it forecasts this value to hit around $228billion, estimating 148 per cent growth across just four years. 📈 “…consumer demand for more convenient and personalised financial experiences, directly within the apps and services they use daily.” Sergiy Fitsak, managing director at Softjourn “One of the biggest trends has to be in the user experience, as successfully implementing embedded payments comes down to reducing friction for the customer” Johannes Kolbeinsson, CEO and co-founder of PAYSTRAX 🏦 B2B players, such as banks, will see a large impact as they look to catch up with the consumer market “by offering a wider range of opportunities to their customers through embedded finance partnerships.” 🏦 Adam Edwards, product and growth director at Satago https://lnkd.in/ewN6GCBS.

RevoluGROUP, has just announced a strategic White-Label Agreement providing Payment-as-a-Service solutions with German payments provider Ozank . This game-changing agreement, signed earlier this week, revolves around leveraging RevoluSEND services via seamless API integration to empower OZANK's expansion into key markets such as India, North America, Mexico, China, Philippines, Indonesia, Singapore, Malaysia, UAE, and Turkey. RevoluPAY is rolling out a suite of services through its RevoluSEND platform, equipping OZANK to focus on merchants like retail users, individuals, small businesses, and freelancers. By leveraging RevoluPAY's APIs, OZANK will boost its capacity to process international money remittances and expand its B2B and B2C marketplace offerings, all while ensuring that OZANK's clients benefit from a secure and efficient platform for their financial transactions as outlined in the white-label agreement. Gavin McMillan, CEO and Director of RevoluGROUP, affirmed, “Our cloud-based payment-as-a-service model delivers the global settlement fabric, reach, speed, and payment cost efficiency necessary to support financial technology companies, Neobanks, enterprise and global organizations without relying on traditional banking institutions. By empowering individuals and organizations with these capabilities, we're facilitating greater financial inclusion and driving positive economic impact on a global scale.” Seeing so many companies shift their focus to a one stop payment-as-a-service model, I will be keeping a watch to see what impact Revolu has in the coming years! https://lnkd.in/epgyMaBc

📍 “Embedding financial services not only helps companies solve the pain points important to their customers, such as slow payments or limited foreign exchange support, it’s also helping them roll out completely new service offerings.” Read the full article where Barry O'Sullivan, our Head of Banking and Payments Infrastructure, discusses the interest B2B fintech companies are demonstrating towards embedded finance in 2024.

According to reports, investments in fintech reached approximately $56.4 billion in 2023. Therefore, understanding the impact of fintech on their operations is crucial for staying competitive in this rapidly evolving landscape. In this blog post, we explore the evolution of fintech, its impact on traditional finance, the solutions it offers to businesses, future trends, and practical advice for adopting fintech innovations. https://bit.ly/4ca6eFD #fintech #finance #technews #ITnews #ITjobs #FintechJobs #fintechnews #financenews

Why Embedded Finance is a trend? Embedded finance is a major trend in the financial services industry, as it allows for more seamless and user-friendly access to financial services. On the consumer side, both business and retail users are busy engaging with a large variety of apps, platforms and digital service providers on a daily basis. For example, in a study conducted by Ross Republic, we found that the majority of SMEs active in the e-commerce segment actually prefers to get loans via the tools they use to run their business, such as e-commerce marketplaces or payment providers, in case they enable a more seamless customer journey and faster time-to-yes. Embedded finance allows them to access financial services directly through these channels, increasing convenience and efficiency when it comes to managing their finances. On the distribution side, embedded finance allows banks and financial services providers to both increase their sales interface and offer more personalised services to their customers. Once they have opened up specific financial products or capabilities for external parties, usually via application programming interfaces (APIs), they can allow any third party to integrate their service and often to tailor it to their use case, as they will likely have access to much more data about their customers than a bank could have on its own. This allows them to tailor their services to better meet the needs of their customers. As shown on the diagram below, typically embedded finance providers either focus on remaining in the background as a regulated entity or balance sheet, enabling other service providers or fintechs to compete in embedded finance, or also taking on the role of being the enabler itself by offering integrable services via API platforms and consultations. Due to the reasons stated above, embedded finance is growing rapidly and has the potential to revolutionise the financial services industry. It allows for more seamless and efficient access to financial services, more personalised user experiences, and the ability to offer a wider variety of financial services that is tailored to the needs of specific segments. Embedded finance could also lead to a more competitive marketplace, as more players will branch out into the financial services industry and be able to offer more competitive pricing and services to their customers by leveraging proprietary data or assets. Source Ross Republic / @adrian klee #embeddedfinance #fintech #digitalwallets Arjun Vir SinghPaolo Sironi Panagiotis Kriaris Nafis Alam Miguel Armaza David Birch Brice GROCHE Charlotte Crosswell OBE

As SME market requires immediate credit flow, they do not want to get into the cumbersome legacy process for getting immediate credit line. Traditional Bankers need to assess their business and credit worthiness with the available data for extending credit. Embedded finance will help in retaining the existing customers for all their business requirements.

That's absolutely right, embedded finance innovation is just beginning. People used to have tabs with the local pub or grocer. Suppliers let their customers pay on credit by giving payment terms. Embedded finance is the modern equivalent of this. Amara's Law says: "we overestimate the impact of technology in the short-term and underestimate the effect in the long run.". That is because everybody can see the potential but we underestimate how habits, existing relations and business models slow things down. Embedded finance will happen. It 'just' requires rewiring of existing relations and business models. As an orchestrator of banking services that is what we are working on every day at Yordex. https://lnkd.in/eYQuWPfA

Small Businesses Tap FinTech Innovations to Close Big Digital Transformation Gap: Small and medium-sized businesses (SMBs) remain an untapped segment for providers of back-office and payment FinTech innovations.