February 20236Embedded finance is the new normal for modern businesses, revolutionizing payments and broadening the horizons of innovation, regardless of the sector. Fintech companies and traditional banks are integrating embedded finance into their digital financial services ecosystem to create a real-time banking experience for customers from anywhere and at any time.On account of these evolving advancements, the global embedded finance market is forecasted to be worth $248.4 billion in 2032, according to the latest market analysis reports. The reports identify the market to witness prolific growth at a CAGR of 16.4 percent during the forecast period. The market growth is predominantly due to the emergence of multiple fintech brands expanding their roots in the insurance market through innovative products and services. Other vital factors are the digitization of banking, a change in consumer behavior, wider acceptance of UPI payments, and increased SME and consumer lending. This edition of Banking CIO Outlook brings forth the most influential developments in the embedded finance space aimed at streamlining the customer experience with flexibility and efficiency to reshape the global financial services landscape. The edition features thought leadership articles from Travis Phillips, VP of Digital Solutions at Crump Life Insurance Services, who sheds light on the significance of blending digital solutions with traditional business processes to create an agile environment. It also brings into the spotlight invaluable insights from John Turner, VP of Investment Advisor Lending at Live Oak Bank, who talks about leveraging technology-supported workflows and automation to smoothen the transition of loan processing.Along with these critical insights from industry experts, the edition features SellersFunding, an alternative funding partner specializing in developing a complete financial and analytics platform tailored for e-commerce to help merchants grow and scale their businesses.We hope this edition helps you find the most appropriate embedded finance solution providers that will assist you with the industry-best approaches dedicated to diversify and grow revenue streams while elevating the user experience.Let us know your thoughts!Copyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@bankingciooutlook.comeditor@bankingciooutlook.commarketing@bankingciooutlook.com FEBRUARY 2023, Volume 08 -01 (ISSN 2644-2418) Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffVisualizerAsher BlakeIssac GeorgeManaging EditorJames RobertsonFueling Banking-as-a-Service ParadigmJames RobertsonManaging Editor editor@bankingciooutlook.comCarolynn WaltersJustin SmithJoseph MichaelEditorialKenneth ThomasRussell ThomasPaul Barber*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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