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Open finance extends beyond payments, empowering individuals and businesses with holistic financial management tools and personalised services. Open data, in turn, enriches these offerings, enabling innovative credit scoring and risk assessment beyond traditional banking channels.
Ammar Alsoos , CEO of LikeCard, also added: “Our collaboration with Mastercard brings an AI-driven family banking experience to the region, empowering families with financial literacy tools while enhancing security and convenience.” Khalil , division president, East Arabia, at Mastercard.”We
This April, The Fintech Times is focusing on all things embeddedfinance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embeddedfinance has to offer and overcome across the globe.
These trends include ecosystem banking, generative artificial intelligence (GenAI), and embeddedfinance, a new report by PwC India and ASSOCHAM says. For non-financial services businesses, embeddedfinance allows for enhanced customer loyalty, new revenue streams and improved customer experiences. billion by then.
.” Supporting SMEs with financing “By embedding lending options directly into our payment ecosystem, we’re creating a seamless financial experience that meets the evolving needs of modern businesses,” said Ronen Spivak , group head of value-addedservices and managing director at Network International.
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