Create new revenue streams and enhance customer engagement via enabled financial services offered directly within other companies' platforms or applications customers already use.
Vendor
Tietoevry
Company Website
API Banking: Enabler of Embedded Finance for Banks
With the Tietoevry Embedded Finance offering, banks can seamlessly offer their financial services to be integrated into a wide range of user journeys provided by fintech companies through APIs. This integration enhances convenience for users, providing a more integrated, user-centric, and timely banking experience within the services they already utilize.
Benefits of Embedded Finance for Banks
Seamless experience for consumer
Consumers can access banking services within the platforms they already use, eliminating the need for separate logins or navigating to different interfaces.
Just-in-time services
By embedding banking capabilities directly into relevant moments of the user journey, banks can offer timely and contextually relevant services.
Easy integration/onboarding
The solution provides streamlined integration processes, standardized APIs, and comprehensive documentation, simplifying the onboarding experience for fintech companies.