Weavr’s whitepaper shines the spotlight on the future of embedded finance
A hot topic amongst the fintech industry, embedded finance is top of the agenda for many. Yet, as Weavr’s whitepaper reveals, there has remained much to discover and understand about how a company can use embedded finance to unleash transformation and make the biggest impact.
The illuminating whitepaper, which is now available to read for free here, provides a comprehensive, digestible overview of how embedded finance is perceived today, where it stands to add the most benefits and what businesses require to make that happen. The whitepaper takes a detailed look at three sector-specific applications of the concept.
Individuals are already benefitting from embedded finance technologies on a daily basis
Yet the market is predicted to explode within the next five years. With boundless potential for businesses and end users to significantly benefit from the nascent technology. The success of this will be heavily reliant on education around the concept, a point of concurrence between the leading experts in the paper.
In publishing the embedded finance whitepaper, Weavr intend to inform those working in, and alongside the sector. The thought-provoking report makes the case that embedded finance has the potential to transform sectors for the better, and facilitate meaningful, long-term benefits across multiple sectors, however, in order to unleash these changes, education and implementation must be addressed. In fact, as the whitepaper highlights, Weavr is already providing the tools needed to realise the benefits with its Financial Plug-ins.
Speaking on the publication of the new whitepaper, Alex Mifsud, Co-Founder and CEO of Weavr commented: “Embedded finance has all the hallmarks of an unstoppable force that is revolutionising business, just like eCommerce did 20 years ago.
We created this paper because we have a vision where most financial services are purchased and consumed through digital products and services that serve broader and more fundamental customer needs like health, education, work, family, and leisure. In these sectors, the focus would become more on the benefits of banking and less on the banking itself – with significant advantages to be had by both the businesses and end users.
Download the whitepaper here.