Fabrick Insights

Open Finance, Key Concepts

– Scenario

Pathway to the open economy model: how the convergence of payments and open banking is leading to new retail business models

In recent years the concept of Embedded Finance has been vividly brought to life across financial and B2B services and has entered the mainstream by transforming the B2C services that we use every day. Be it transactions, wallets, insurance, loans, consumer finance, or investing, non-financial companies can now let their customers access complex financial services from a single point without redirecting the customer to third-party destinations or back to banks.