‘Embedded fintech works in the inverse direction’: Why banks should integrate SaaS with Autobooks’ Derik Sutton
- Software firms are increasingly integrating with payment and banking solutions.
- But what if that was reversed -- what if more banks integrated with fintech solutions? Autobooks' Derik Sutton explains.
The following was produced by Tearsheet Studios. We worked with fintech software provider Autobooks to create a four part podcast series on the evolution of business banking and how banks can better service SMBs through a changing mindset, partnerships and integrations. Listen / read our first installment of the series here and here.
With APIs and embedded finance, it’s getting easier for software firms to integrate financial products into their offerings. So, software used by the construction industry, for example, can incorporate payments via a tie-up with a fintech company.
At Tearsheet, we’ve had two conferences devoted to this trend — Apple, Google, Facebook, and the biggest brands in the world are launching financial services through software integrations.
Derik Sutton leads marketing insights at Autobooks, a small business product suite that integrates directly inside of a bank’s existing digital banking channels. So think cash flow management, sending digital invoices, accepting online payments, accounting and financial reporting, all directly integrated inside of a bank’s online and mobile banking channel. The firm works with community banks all the way up to top 10 banks like TD Bank and is powered by Microsoft Azure for financial services.
This content is available exclusively to Tearsheet Outlier members.
Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — only $49/mo. Already an Outlier member? Sign in to your account