Embedded finance is the future of banking — so why have only 14% of financial institutions launched programs? The answer is often limited resources — budgets, time and expertise. Today, credit unions and regional banks need a new blueprint for embedded finance business models.
An all-out approach isn't realistic for most institutions. Instead, a building-block strategy, working with a strong technology partner, is more attractive from a risk and return-on-investment perspective.
One Illinois credit union leveraged a purpose-built financial product management platform to launch an embedded lending and finance program for a manufacturing customer. It beat out large bank competitors for the business, and originated over $40 million within six months.
- A financial product management platform works within your legacy environment
- You can drive product and channel innovation while leveraging your institution's relationships and expertise
- One embedded finance program can become the foundation for future expansion