Welcome to The Knowledge Circle Podcast, from Banking Circle: Our podcast brings together a host of experts from across the payments and banking sectors to bring you insights, updates, and opinions on the evolution of payments, accounts and FX.
https://theknowledgecirclepodcast.podbean.com
episode 6: Embedded finance – friend or foe for the financial services sector?
As consumers demand more convenience, speed, and security from their online transactions, non-financial companies are seeing the opportunity to add to their service offering with white-labelled embedded financial services, tapping into the plethora of Banking as a Service (Baas) solutions that have emerged.
In this episode, our panel of experts discuss:
- How do banks and FinTechs currently view BaaS? What is the current market sentiment toward BaaS platforms?
- What are the weaknesses of current BaaS offerings?
- What transpires when a business attempts to scale when its BaaS provider does not have the necessary banking licences?
- How does being tied to a bank with legacy infrastructure impede on a business’ ability to implement embedded finance solutions? How does it impact the risk profile of a business?
- What are the benefits of working with a single well-structured BaaS provider above working with several FinTechs?
Our guests for this episode include:
Scott Hamilton - Global Payments & Liquidity Expert, Contributing Editor [Moderator]
Anders la Cour – CEO, Banking Circle
Anders Olofsson - Head of Payments, Finastra
Tony McLaughlin - Managing Director, Transaction Banking, Citi
Beat Bannwart - Digital Transformation & Ecosystems, WMPC Tech, UBS