EMIR and Embedded finance: Difference between pages

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European Market Infrastructure Regulation<ref>http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2012:201:0001:0059:EN:PDF</ref> (EMIR) came into force as binding law within the European Union on 16 August 2012, although certain of its requirements came into force after a period of delay.
''Information technology - financial services.''


The objective of EMIR is to reduce the risks posed to financial systems from the vast web of [[Over the counter]] (OTC) derivative transactions and the contingent large credit exposures that may arise as a consequence. The Regulation achieves this object by three significant requirements for:
Embedded finance means tailored financial services offerings, integrated into a non-financial business platform.


• Central clearing and margining of standardised OTC derivatives (with certain exemptions for Non-Financial Counterparties)
Examples include online retailers.


• Reporting of all derivative transactions to a trade repository


• Risk mitigation measures for all non cleared derivatives including collateral exchange and  confirmation and reconciliation procedures
:<span style="color:#4B0082">'''''How consumer-facing companies benefit from embedded finance'''''</span>


:"For consumer-facing companies, the promises of embedded finance are clear and within reach.


== See also ==
:To understand how these companies might benefit, it helps to think of embedded finance as a process whereby a firm integrates a specially tailored financial infrastructure into its business model, enabling customers to carry out transactions with that company in a self-contained, frictionless way – without involving traditional banks.
* [[ESMA]]
 
* [[MiFID]]
:As such, embedded finance products tend to revolve around individual, ‘in-context’ accounts that customers will set up at the [non-financial] business in question."
* [[Trade repository]]
* [[Legal entity identifier]]
* [[AIFMD]]
* [[CCP]]
* [[CSD]]
* [[FC]]
* [[NFC]]
* [[RTS]]
* [[UTI]]


== Other links ==
:''The Treasurer online, 2 December 2021''
[http://www.treasurers.org/otc ACT briefing note: European regulation of OTC derivatives: Implications for non-financial companies, April 2013 ]


[http://www.treasurers.org/node/9406 Frequently Asked Questions for non financial counterparties - updated December 2013]


[http://www.treasurers.org/node/9344 EMIR edges near, The Treasurer, September 2013]
== See also ==
*[[Bank]]
*[[Banking as a service]]
*[[Buy Now Pay Later]]  (BNPL)
*[[Cambridge Centre for Alternative Finance]]
*[[Disruptor]]
* [[Finance]]
*[[Financial services]]
*[[Fintech]]
*[[Friction]]
*[[Hyper-personalisation]]
*[[Information technology]]
*[[Interoperability]]
*[[Open banking]]
*[[Open banking APIs]]
*[[Tailor]]




==References==
==Other link==
<references />
*[https://www.treasurers.org/hub/treasurer-magazine/is-embedded-finance-the-next-big-thing?utm_campaign=Oktopost-TREASURER-TW&utm_content=Oktopost-linkedin&utm_medium=social&utm_post_source=OktopostUI&utm_source=linkedin Promising future: is embedded finance the next big thing]


[[Category:Capital_Markets_and_Funding]]
[[Category:The_business_context]]
[[Category:Managing_Risk]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 05:56, 11 March 2023

Information technology - financial services.

Embedded finance means tailored financial services offerings, integrated into a non-financial business platform.

Examples include online retailers.


How consumer-facing companies benefit from embedded finance
"For consumer-facing companies, the promises of embedded finance are clear and within reach.
To understand how these companies might benefit, it helps to think of embedded finance as a process whereby a firm integrates a specially tailored financial infrastructure into its business model, enabling customers to carry out transactions with that company in a self-contained, frictionless way – without involving traditional banks.
As such, embedded finance products tend to revolve around individual, ‘in-context’ accounts that customers will set up at the [non-financial] business in question."
The Treasurer online, 2 December 2021


See also


Other link

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