Digital Banking: Embracing the Future of Financial Services
Embedded finance has swiftly transitioned from a mere buzzword to a pivotal element of the global financial framework. Its emergence heralds transformative implications that transcend conventional banking boundaries. Recent studies indicate that the embedded finance market, valued at $43 billion in, is poised to skyrocket to $138 billion by 2026. Like the term ‘fintech’, embedded finance encompasses varied interpretations and applications across industries and enterprises. Let’s delve deeper into embedded finance and its profound impact, especially on banks.