With the rise of embedded finance, many businesses are now firmly looking to harness collaboration. Successfully integrating technologies into business operations and streamlining the client journey are top of the agenda for many providers. Making a notable departure from the futuristic narrative, financial services companies are backing the effective implementation of known technologies to enhance processes.
Working in partnership
Speaking with banks earlier this year, at the Money20/20 conference in Amsterdam, one of the key discussion topics was collaboration. With the fintech ecosystem thriving, banks recognise the need to expand outside their traditional services of offering liquidity and bank accounts to keep pace with the market. Traditional financial institutions are now investing in fintechs as an agile route for growth. Barclays, for instance, has a long-standing tradition of supporting financial technology companies. In doing so, it has solidified its place within the fintech ecosystem whilst providing a launchpad for new tech start-ups. From this evolving ecosystem, embedded finance has emerged as the new trend in financial technology driving consumer empowerment.
Argentex Group plc (LON:AGFX) is a leading provider of bespoke currency risk management and payments solutions for businesses and financial institutions
