Benefits of Core Modernization, Embedded Finance

Not a news flash: Outdated core systems keep banks from enabling the embedded finance products that their customers want, something that Alex Zerio, head of solution and platform architecture at Green Dot Corporation, says can be addressed by moving to the cloud.

Galileo - Embedded Finance: Why Core Modernization And Cloud Migration Matters For Banks - October 2022 - Explore how a cloud infrastructure can offer banks an efficient way to upgrade legacy systems to take advantage of all the benefits embedded payments have to offer

An interview with Alex Zerio, head of solution and platform architecture at Green Dot Corporation, on how embedded finance and cloud technology can improve banking. 

Consumers have increasingly demanded digital services in recent years, especially due to pandemic-related restrictions. 

Seamlessness and ease of use are the names of the game, with customers expecting payments to

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Embedded finance trends | McKinsey

Small businesses starting up today may never interact with a conventional bank. By logging into their e-commerce or accounting platform, they can open a deposit account, order a debit card, and meet most of their financing needs. The operators of these platforms are not usually banks. Rather, they are software companies that partner with banks and technology providers to embed financial products into a single seamless, convenient, and easy-to-use customer experience. This new form of partnership between banks, technology providers, and distributors of financial products via nonfinancial platforms underpins what has been hailed as the embedded-finance revolution. Sitting at

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Cloud Unlocks Embedded Finance, Says Green Dot

Galileo - Embedded Finance: Why Core Modernization And Cloud Migration Matters For Banks - October 2022 - Explore how a cloud infrastructure can offer banks an efficient way to upgrade legacy systems to take advantage of all the benefits embedded payments have to offer

Digital services have become par for the course in modern banking, and banks are scrambling to offer the most impressive experiences. Some of the most common services banks offer include automated account validation, digital lockboxes and immediate transaction confirmation, but these represent just a small fraction of the possibilities that digital innovation can bring. Customers want fast, seamless and secure solutions and will reward banks that step up to provide them.

Embedded finance solutions are some of the most efficient ways to enable these digital offerings. PYMNTS’ research found that 92% of financial institutions (FIs) are currently innovating or have

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