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Part 1: What is Embedded Finance?

Perficient

This blog marks Part 1 of our Embedded Finance Blog Series and will introduce the overarching concept of embedded finance, setting us up to discuss embedded payments, embedded lending, and embedded insurance (all of which fall under the embedded finance umbrella) in future blogs.

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Banks On Notice: Fintechs Are Coming For Checking Accounts & Debit Cards

CB Insights

This strategy makes sense, as younger clients are most open to trying new fintech products: about 60% of US bank customers say they are willing to try a financial product from a tech firm they already use, and that number rises to 73% for customers aged 18 — 34. ux to help target existing clients. How the products work.

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Temenos to Acquire Kony: So What?

Gonzobanker

has taken a “watch us and see the proof” approach. Any overlaps between Akcelerant in loan operations and Avoka in sales/origination appear to have been sorted out in the Infinity product line. Still to be sorted out are overlaps between Infinity and Kony’s UI/UX assets. To its credit, Temenos U.S. Enter Kony, Stage Right.

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Disrupting Insurance: The Other Financial Services Opportunity

Tefkin

In the last years, most of the focus on innovation in financial services has been, it seems, on banking (investing and lending) and payment. In the US, websites such as CoverPath offer the same type of service for more complex product like term life, and their online experience is much better than any of the existing competitors.

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Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti

FICO

The business model here needs to focus on a strategy that balances lending growth while keeping risk in check. You need to establish a learning culture where you can rethink the way your organization operates. Small UX improvements (like real-time address lookup) can have a big impact on customer experience.

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The 2019 GonzoBanker Awards

Gonzobanker

Even with worries around an allegedly discriminatory algorithm, Silicon Valley UX met big bank Wall Street money in slick onboarding that has our attention. The Scratch ‘n’ Sniff Award – Goes to the bank signage and kiosk provider who sent Cornerstone a “2020 budgeting prep” email asking us make room for their “exceptional scent offerings.”.

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The 2022 GonzoBanker Awards

Gonzobanker

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Goes to MoneyLion for lots of obvious inappropriate behavior including violating the Military Lending Act regarding capped lending rates. Acquisition of the Year: The No Time to Breathe Award. The Appropriate CFPB Target Award. Goes to CSI.

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