Embedded finance is rapidly transforming the financial landscape, moving from a market size of USD 80.85 billion in 2023 to a projected USD 700.1 billion by 2033. Fueled by increasing digitalization and a growing preference for seamless financial transactions, this market is becoming indispensable
North Bay Credit Union (NBCU) is making significant strides in its Banking as a Service (BaaS) program by forming a strategic partnership with Braid, a leading payments and treasury management platform. This collaboration is set to enhance NBCU's ability to support fintech companies in offering
Embedded finance is rapidly becoming a pivotal development in modern commerce, offering transformative benefits for merchants, consumers, and banks alike. By integrating financial services directly into digital platforms, what once seemed like a complex transactional landscape is becoming more
Recent data reveals a notable resurgence in fintech funding across Europe, diverging sharply from the broader trend of decreased startup funding in the third quarter of 2024. Despite an overall 35% decline in European startup funding compared to the previous year, fintech startups experienced an
The introduction of open banking is drastically changing the financial services landscape, significantly boosting innovation and enhancing the customer experience. Open banking, driven by regulatory mandates like the Revised Payment Service Directive (PSD2) in the EU, requires banks to open their
The Bank for International Settlements (BIS) has announced the launch of Project Aperta, an ambitious initiative aimed at transforming the landscape of global trade finance. This project seeks to address the current frictions and exorbitant costs that plague international trade, particularly for
