Embedded Finance is revolutionizing the way consumers interact with financial services by embedding these services directly into non-financial platforms, resulting in seamless user experiences. According to Jovi Overo, Managing Director at Unlimit’s BaaS (Banking as a Service) Division, this
As the financial world continues to evolve, one notable trend has captured the spotlight: multi-banking. Consumers increasingly choose to hold accounts with multiple financial institutions, refraining from fully abandoning traditional banks for digital alternatives. This behavior, dubbed
The collapse of Synapse, a financial technology firm, has sent shockwaves through the fintech world, exposing significant weaknesses in regulatory oversight. In response, the Federal Deposit Insurance Corporation (FDIC) has proposed new rules aimed at better regulating the partnerships between
Risk Administration Services, Inc. (RAS) has taken a significant step forward by deciding to integrate the full product suite of CLARA Analytics, a leading AI technology provider for insurance claims optimization. The aim of this collaboration is to significantly boost the efficiency and
Embedded finance is revolutionizing the way small businesses access funding by integrating financial services directly into non-financial platforms, streamlining processes, and enhancing accessibility. This innovative approach has transformed the landscape of small business financing, making it
As the financial services industry evolves towards greater openness, transparency across core banking systems and Banking-as-a-Service (BaaS) platforms becomes increasingly crucial. This trend reflects a broader movement toward openness, whether it be in the realms of open-source software, open
