Plug-and-pay finance specialist Weavr has revealed its newest whitepaper, underlining that embedded finance has all ‘the hallmarks of an unstoppable force that is revolutionising business’.
In spite of many already benefiting from embedded finance, the paper titled ‘Embedded finance: Bringing value into focus’ stated that there continues to be many that haven’t discovered the significant role it can play in bolstering growth.
According to the firm, much of the market is predicted to explode within the next five years. With extensive potential for businesses and end users to significantly benefit from the nascent technology.
The group also detailed that the success of this will be heavily reliant on education around the concept, a point of concurrence between the leading experts in the paper. Furthermore, in publishing the embedded finance whitepaper, Weavr intends to inform those working in and alongside the sector.
Speaking on the publication, 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.”
He concluded: “The paper maps out how this vision might be realised, drawing on both our own expertise and that of respected industry leaders who have been generous with their advice on how the real-world benefits of embedded finance can be realised, as well as sharing industry-specific examples to show the concept working in practice.”
To read Weavr’s new whitepaper, please visit: www.weavr.io/blog/embedded-finance-bringing-value-into-focus