Fintech 2.0: Why embedded finance has brought a seismic shift in banking, and how FIs can respond

This is an article about portfolio company, Fintech.

y now, most of us are familiar with the concept of fintech — that is, the application of technology and innovation to improve upon long-standing financial services. Originally, fintech impacted just one industry, albeit an expansive one: banking and finance. However, like most strains of disruptive technology, it was only a matter of time before it found its way into other industries.

Some twenty years ago, soon after the dot-com crash, we heard industry prognosticators high and low bandy about the idea of “Web 2.0.” Though the term was overused, and criticized by some as just a useless buzzword, the concept helped to convey the fact that the web was moving away from static one-way information delivery and toward interactivity and participation.

View source version on tearsheet.co: https://tearsheet.co/sponsored-by-autobooks/fintech-2-0-why-embedded-finance-has-brought-a-seismic-shift-in-banking-and-how-fis-can-respond/https://tearsheet.co/sponsored-by-autobooks/fintech-2-0-why-embedded-finance-has-brought-a-seismic-shift-in-banking-and-how-fis-can-respond/