Embedded finance programs can strengthen the bottom line and help brands capture more customers and business, and for most payments are the most common point of entry.
But brands can go further and stack multiple embedded finance offerings to build a suite of products that is closely tied to how their target audience interacts with their products and services.
There are roughly 3 million more jobs than available people, a trend that started to come to a head after the pandemic. “We have a structural labor shortage out there,” said Jay Powell, Chairman of the Federal Reserve in 2022.
One solution to this systemic problem is “Movement Thinking,” an approach championed by the transformation firm StrawberryFrog.
Most customers like to go through their banks rather than knock on the retailer’s door, with 87.6% customers claiming they prefer their banks to cancel their subscriptions.
Due to the role bank's play in customers lives, an unspoken relationship transfer takes place post-purchase, where its the bank that starts to own the customer rather than the retailer.
