1822: Fintech - Exploring the World of Embedded Finance Tech - a podcast by Neil C. Hughes

from 2021-12-22T00:00

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Embedded finance looks set to radically transform digital businesses and create a new benchmark for customer experience across multiple industries. According to Juniper Research, the embedded finance market will be worth $138 billion by 2026.

In the near future, embedded finance will enable digital businesses to serve SMEs and micro-entrepreneurs worldwide, helping them sell to their core offering and create diversified revenue streams by embedding payments, insurance, lending, and other financial services under the banner of their existing brand.

Innovative businesses are also expected to adopt embedded finance to overcome perennial challenges around handling payments across geographies, currencies, and differing regulatory zones. As a result, they will be able to offer fintech as a service to help clients implement financial services into their own business models.

Frederick Crosby - Chief Revenue Officer at NIUM, joins me in a conversation about the trend towards embedded fintech and how the Nium platform enables banks, payment providers, travel companies, and other businesses to collect and disburse funds in local currencies to over 100 countries.

About Frederick

Frederick is the Chief Revenue Officer at Nium, an advanced global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world. Frederick leads the global Business Development, Marketing, and Communications teams that have helped inform and transform business models for banks, fintechs, and other platforms that needed new payment capabilities in this quickly evolving digital age, and that have made Nium one of the fastest-growing global fintechs in the payment space.

Frederick is a veteran in the cross-border payments and e-commerce space and has catapulted huge global businesses and customer bases at start-ups and enterprise companies alike.

In the early days of PayPal, Frederick unlocked the potential of cross-border e-commerce by aligning eBay/PayPal’s massive supply/demand, and providing new functionality for global buyers and sellers to transact. At Western Union, he led a team that transformed digital remittances into the largest growth engine at the company to attain the #1 position in all their global markets.

As CRO at Veem, Frederick joined a pioneering team bent on making global SMB bank payments into a five-minute affair. His sales and marketing teams built a network of over 170K SMBs around the world who could send and receive payments in a click, and the partnership team, in turn, brought the capability into the world’s largest small business accounting and e-commerce platforms.

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