Traditional FIs generate ~$12T in top-line revenue across the globe. It's a big TAM, and tech is thirsty for a piece, and they're getting one. Businesses and consumers, small and large, are increasingly looking to their software providers (POS, ERP, Social Media) to deliver faster, easier, and less costly financial services. What are the most established examples of embedded finance? What are the limits? How can banks profit from end-user migrations to embedded finance in the near term, and how can they prevent disintermediation and ensure that their strategies build long-term sustainable, differentiated advantages?
During this session, you will learn:
- Where in financial services are tech companies thriving
- Where are tech companies struggling
- How can banks compete (or better yet, partner) to take advantage of the tech tailwind while building a differentiated strategy for the long term
Session Objectives/ Takeaways:
- Understanding what embedded finance really is, how big it is and how big it could be.
- Clarifying the things tech companies typically do want to own & never want to own.
- Understanding the opportunities to maximize symbiosis come when tech companies and banks partner and position partnerships appropriately depending on the customer acquisition channel.
