According to a survey conducted in Europe in 2020, many non-financial companies plan to introduce embedded finance solutions in their service and/or product offerings. Also, many companies planned to hire an external consultant to facilitate this change. In particular, 65 percent of respondents would hire an external company due to their industry expertise.
Embedded finance consists in integrating financial services and products in non-financial businesses, so that companies not operating in the financial services sector can independently provide financial solutions tied to their products or services.
Reasons to hire an external consultant to introduce embedded finance solutions in non-financial businesses 2020
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Decision makers for the identification and implementation of new products and service offers for customers
Supplementary notes
The source does not specify the survey methodology.
Businesses surveyed came from the following sectors: Vertical SaaS, Horizontal SaaS, Consumer marketplace, B2B marketplace and Gig economy platform, with more than 50 million USD in revenue.
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OpenPayd. (March 5, 2021). Reasons to hire an external consultant to introduce embedded finance solutions in non-financial businesses 2020 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1271674/reasons-to-hire-an-external-consultant-fro-embedded-finance-solutions/
OpenPayd. "Reasons to hire an external consultant to introduce embedded finance solutions in non-financial businesses 2020." Chart. March 5, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1271674/reasons-to-hire-an-external-consultant-fro-embedded-finance-solutions/
OpenPayd. (2021). Reasons to hire an external consultant to introduce embedded finance solutions in non-financial businesses 2020. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1271674/reasons-to-hire-an-external-consultant-fro-embedded-finance-solutions/
OpenPayd. "Reasons to Hire An External Consultant to Introduce Embedded Finance Solutions in Non-financial Businesses 2020." Statista, Statista Inc., 5 Mar 2021, https://www.statista.com/statistics/1271674/reasons-to-hire-an-external-consultant-fro-embedded-finance-solutions/
OpenPayd, Reasons to hire an external consultant to introduce embedded finance solutions in non-financial businesses 2020 Statista, https://www.statista.com/statistics/1271674/reasons-to-hire-an-external-consultant-fro-embedded-finance-solutions/ (last visited July 22, 2024)
Reasons to hire an external consultant to introduce embedded finance solutions in non-financial businesses 2020 [Graph], OpenPayd, March 5, 2021. [Online]. Available: https://www.statista.com/statistics/1271674/reasons-to-hire-an-external-consultant-fro-embedded-finance-solutions/