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Embedded Finance Cloud: supercharging safe distribution for banks

Jul 19, 2024

Sepa transfer 1 minutes read

Weavr has announced the launch of Embedded Finance Cloud. The new solution will allow banks and other financial institutions to create and distribute embeddable financial products. Weavr believes that to do this efficiently and safely, this new type of orchestration platform is required.

The continued momentum of embedded finance has been a major fintech trend of 2023, with the market capitalisation of businesses in this space now expected to reach $7 trillion by the end of the decade. As part of its continued efforts to help businesses harness value from this technological shift, Plug-and-Play Finance provider, Weavr, has launched Embedded Finance Cloud, which is a white-label version of its proprietary embedded finance technology stack packaged specifically for banks and other financial institutions.

Weavr Embedded Finance Cloud is an orchestration platform designed to be used by product and innovation teams within banks and other financial institutions to create embeddable financial products in a time and cost-effective manner. The system enables companies in these fields to unlock new avenues for customer growth in non-financial consumer and business applications, while retaining the safety and control demanded by regulated financial services.

Weavr Embedded Finance Cloud is delivered in Platform-as-a-Service (PaaS) form, which allows financial institutions to rapidly deploy it over their existing core banking and payments systems.  

By adopting Weavr Embedded Finance Cloud, banks and financial institutions can leverage a robust, proven technology solution to create and manage natively embeddable financial products beyond what is possible with mainstream digital banking technology stacks.   Financial products that are ‘embeddable by design’ allow financial institutions to retain control, compliance, and cybersecurity standards with no compromises, as they scale distribution via embedded channels. 

 

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