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Embedded payments are becoming a staple in the B2C world, and more businesses are also jumping on board, aiming to streamline and automate processes from payroll (automated invoicing) to procurement (trade credit). However, B2B transactions in embedded payments are more challenging and don’t flow as easily as B2C ones.
The diagram below is an example of what a modern bank’s platform architecture could look like when composed of cloud-based services orchestrated via APIs. This composition of ecosystem players providing critical capabilities is just the first step. This enables timely insights for predictive use.
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Perfios is headquartered in Bangalore, with offices worldwide and with 75+ products and platforms, and over 500+ APIs. Uzum’s digital ecosystem seamlessly integrates e-commerce, fintech, and banking services, catering to both individuals and small to medium-sized enterprises (SMEs). It does so by delivering 8.2
.” The friction associated with manually downloading data across banking and financial platforms, and then having to normalize it to make it usable, presents a significant opportunity for open banking initiatives and APIs in the corporate cash management space. financial serviceproviders will certainly be looking toward the U.K.,
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