Wednesday, June 19, 2024

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finova Upgrades Award-Winning Origination Platform Apprivo To Drive Operational Efficiency For Clients Amid Rate War Gilion Appoints Andreas Hedlund as New CFO and Deputy CEO FINOM Brings Integrated E-Invoicing and Business Banking to Italian SMEs with Launch of Business Accounts and Local IBAN More Than Two Thirds Of Financial Services Organisations Say Network Security Threats Have Increased In The Last 18 Months, According To New Daisy Research Monavate and Know Your Customer Collaborate to Reinvent Compliance Across the European Payment Solutions Encompass Corporation Appoints Renowned Technical Leader Andrew Dunn as VP of Engineering to Help Bring Corporate Digital Identity Vision to Life RBC Launches Global Credit Connect With Nova Credit to Help Create a Smoother Financial Start for Newcomers to Canada Shareholders Of Tech Giants Fail To Address Pension Savers’ Concerns Surrounding AI UK General Election 2024: What it Means for Financial Services Firms Payments Variation Needed for International Expansion | Shopware | Nexi Roadshow: OMR Hamburg TerraPay and Thredd Partner to Build the Next Generation of Payment Solutions and Money Movement for Global Travel Providers Ageras Enters Into An Exclusive Agreement With Societe Generale To Acquire Shine And Become One Of The Leading European Providers Of Banking And Accounting Software For SMEs Mexican Fintech Unicorn Clip Announces US$100 Million Investment Open Banking Could Become a Mainstream Payment Method in 5 Years Time Surpassing BNPL, emerchantpay Research Finds Zilch Raises £100M Financing Deal to Fuel Expansion Strategy

Embedded Finance as a Service: SAP Fioneer launches B2B embedded finance platform

SAP Fioneer, a leading global provider of financial services software solutions and platforms, has announced the launch of “Fioneer Embedded Finance as a Service” (EFaaS), the world’s first B2B embedded finance platform facilitating orchestration between SAP users and Financial Service Institutions (FSIs). The service allows FSIs to easily connect to SAP Enterprise resource planning (ERP) processes, enabling them to develop innovative embedded finance solutions tailored to the specific needs of their corporate clients in one centralised platform.

Embedded finance is becoming more important, not just for the financial services industry, but to the wider economy. By placing a financial product in a non-financial business process, client journey or e-Commerce platform, embedded finance accounted for $2.6 trillion of total US financial transactions in 2021. Its total value shall exceed $7 trillion globally by 2026.*

Charlie Platt, Managing Director, Banking, at SAP Fioneer said: “By bridging the gap between banks and their corporate clients, we are enabling financial institutions to better serve the needs in a digitized trade environment and stand out in a highly competitive environment. With our platform, banks can now directly connect to their clients’ ERP system processes, bringing the two closer together.”

SAP Fioneer’s EFaaS capabilities can be deployed to support a number of different use cases, such as Buy Now Pay Later (BNPL), Request to Pay (R2P), Purchase Order Finance, and Invoice Finance. These offerings allow businesses to embed financial solutions into their business operations, create seamless transaction flows, increase cash flow visibility and reduce costs.

Dirk Kruse, CEO of SAP Fioneer, adds: “Businesses seek seamless banking experiences in their B2B transactions and end-to-end processes. Embedded finance offers new possibilities for managing complex business models in a digitized, data-driven commerce environment. The launch of our EFaaS platform addresses these challenges, showcasing our ability to provide reliable, world-class financial technology in a scalable, adaptable, and open platform.”

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  1. finova Upgrades Award-Winning Origination Platform Apprivo To Drive Operational Efficiency For Clients Amid Rate War Read more
  2. Gilion Appoints Andreas Hedlund as New CFO and Deputy CEO Read more
  3. FINOM Brings Integrated E-Invoicing and Business Banking to Italian SMEs with Launch of Business Accounts and Local IBAN Read more
  4. More Than Two Thirds Of Financial Services Organisations Say Network Security Threats Have Increased In The Last 18 Months, According To New Daisy Research Read more
  5. Monavate and Know Your Customer Collaborate to Reinvent Compliance Across the European Payment Solutions Read more