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EmFi is the short keyword for Embedded Finance and it's making waves lately as everything about banking changes.
Embedded finance refers to the shift from time-consuming bank transfers to the use of financial services or tools by a non-financial provider. Services may include lending or insurance and should create more simplicity and convenience by embedding the financial journey into a customer's normal non-financial journey.
Banking, lending, insurance, payments, and branded credit cards are popular integrated financial products.
With the increasing integration of savings, credit, insurance and investing tools into non-financial apps or websites, the market for embedded finance applications is projected to grow fivefold, from US$54.3 billion in 2022 to US$248.4 billion, by 2032.
Just in case this becomes a thing, I picked just 2 domains from it while strictly avoid any Rabbit hole on the trend;
EmFiPay .com and EmFiWallet .com
https://www.mckinsey.com/industries...ce-who-will-lead-the-next-payments-revolution
https://www.pwc.com/gx/en/industrie...d-finance-challenging-common-assumptions.html
KMPG compares DeFi and EmFi : https://assets.kpmg.com/content/dam...-finance-partnering-platforms-for-success.pdf
https://enterprisersproject.com/article/2023/4/embedded-financial-services
https://www.finextra.com/blogposting/23695/is-embedded-finance-the-iot-of-banking
Share your thoughts on EmFi.....
Embedded finance refers to the shift from time-consuming bank transfers to the use of financial services or tools by a non-financial provider. Services may include lending or insurance and should create more simplicity and convenience by embedding the financial journey into a customer's normal non-financial journey.
Banking, lending, insurance, payments, and branded credit cards are popular integrated financial products.
With the increasing integration of savings, credit, insurance and investing tools into non-financial apps or websites, the market for embedded finance applications is projected to grow fivefold, from US$54.3 billion in 2022 to US$248.4 billion, by 2032.
Just in case this becomes a thing, I picked just 2 domains from it while strictly avoid any Rabbit hole on the trend;
EmFiPay .com and EmFiWallet .com
https://www.mckinsey.com/industries...ce-who-will-lead-the-next-payments-revolution
https://www.pwc.com/gx/en/industrie...d-finance-challenging-common-assumptions.html
KMPG compares DeFi and EmFi : https://assets.kpmg.com/content/dam...-finance-partnering-platforms-for-success.pdf
https://enterprisersproject.com/article/2023/4/embedded-financial-services
https://www.finextra.com/blogposting/23695/is-embedded-finance-the-iot-of-banking
Share your thoughts on EmFi.....