HOW WILL EMBEDDED FINANCE TRANSFORM TRADITIONAL FINANCIAL SERVICES?

In a lively discussion, participants explore the future of embedded finance, which is projected to reach $623 billion by 2032. They emphasize the need for regulatory changes to facilitate industry transformation, particularly in cloud usage and data security. The conversation highlights the role of traditional banks in digital finance and the challenges they face in adapting to new models. Panelists discuss the importance of partnerships and the regulatory environment's impact on innovation. They also consider how to bring more people into the financial system without relying on traditional credit or debit cards.