We’re seeing a new era of financial technology (fintech). Fintech is becoming an ingredient for other technologies and businesses outside of financial services. Retailers, for example, are offering credit services at the checkout. New banking-as-a-service providers offer a broad range of services such as insurance and digital payments, that can be embedded in software and apps. We expect significant growth in embedded finance as the next phase of fintech evolution.
For payments companies to succeed, it won’t be enough to focus on the transactions. Companies need to understand each customer and provide personalised services they need. Organisations risk falling behind if they cannot put their customers first and respond to rapid change.
Although cryptocurrency markets are volatile, we believe there is huge potential in the underlying blockchain technology.
The first blockchain-based cryptocurrencies have proven that two parties can transact without relying on a middleman as a validating agent. Now decentralized finance (DeFi) offers exciting new opportunities that will eventually find a path to mass adoption.
Our consultants help you to design, commercially validate, build and launch new digital products and services.
EDC’s fintech consulting capabilities are built on our deep expertise in payments and digital financial services. When you work with us, your project team is made up of experts around the world. You benefit from international knowledge transfer and local insight, wherever your target market is.
Our fintech consultants have multidisciplinary expertise to help you every step of the way. We’ll work alongside you as you define your value proposition. We’ll collaborate with you throughout the development and launch phases, and ultimately help you to scale.
“In the next decade, we are going to see new technologies really start to drive business models, transformational innovation and further shape the competitive landscape across the financial services industry. For example, banks and other financial institutions are now rapidly deploying artificial intelligence (AI) into their tech stack. Augmentation of human decision making like this is going to make entirely new operating models possible.”
“As the boundary between financial and non-financial businesses continues to blur, innovators, incumbents and new entrants need to strike now if they want to take advantage of the opportunities of the rapidly growing market of embedded finance. Embedded Finance, is a great example whereby there is integration of a financial solution into a business’ operation which avoids the need for customers to go to another company or third party to make a payment, take out insurance or apply for a loan to buy products or services.”
Our client is a fintech acquirer exclusively focused on the B2B marketplace
EDC also worked closely with the client to globally expand its new payment system in a scalable, replicable and defensible manner, and develop a clear line of sight on the recommended model per country and associated investments to inform a playbook for international expansion.
How can EDC help you achieve the best from Fintech?