Embedded Finance: will banks reap the opportunities of Banking as a Service?

This podcast is part of the After Hours by RedCompass Labs series.
Where the best and brightest in the financial services industry tell what they really think about payments.

During this difficult period that combines economic recession with the emergence of a new digital customer, incumbent banks face quite a challenge to remain competitive. A challenge that is fuelled by a trend of non-financial companies infiltrating into the traditional finance space, the so-called Embedded Finance.

Thanks to Embedded Finance, different industry players are now able to use banking capabilities to enable their client to access financial services whenever they need it. A few simple clicks on their mobile app is all they need to pay for their shopping, complete their Uber ride transaction or even get a loan! With apps like Klarna or AfterPay, consumers are now able to split an online purchase into several smaller monthly payments and enjoy an easy shopping experience.

The landscape is changing rapidly so let’s stop for a minute to think.

Are the banks ready to improve their infrastructure to embark on the Embedded Finance journey?
Is there going to be an explosion in Banking-as-a-Service?
How can Embedded Finance accelerate financial technology landscape?

Watch or listen to our 2^nd episode of After Hours by RedCompass Labs in which we discuss Embedded Finance along with Banking-as-a-Service and Payments-as-a-Service. Will banks realise the opportunity in front of them? Listen to our hosts and our special guest from Equinix, Adrian Mountstephens, debate the opportunities and benefits brought by Embedded Finance.