Podcast Conversation: Embedded Finance as a $7 trillion market opportunity for banks in the business of suffering, with Simon Torrance
Hi Fintech Architects,
In this conversation, we talk all things embedded finance, platform banking, and APIs with Simon Torrance – one of the world’s leading thinkers on business model transformation, specializing in platform strategy, breakthrough innovation and digital ventures.
There’s an enormous gap between the financial needs of humanity and what the financial sector is able to deliver there. This gap is being filled by tech-savvy solutions and embedded finance plays which are putting into question the role of a bank in this new ecosystem.
Simon’s recent analysis suggests that Embedded Finance is merely a decade out from offering a new, very large addressable market opportunity worth over $7 trillion, which is twice the combined value of the world’s top 30 banks today.