Embedded finance and Fiat currency: Difference between pages

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''Information technology - financial services.''
A currency without intrinsic value.


Embedded finance means tailored financial services offerings, integrated into a non-financial business platform.
Also known as ''fiat money''.


Examples include online retailers.


In the modern era, all significant currencies are fiat currencies.


:<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.
<span style="color:#4B0082">'''''What spooked the G20 post-2008'''''</span>


: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.  
:"What spooked the G20 members in the aftermath of the 2008 global financial crisis was that their economies appeared to nearly collapse because we no longer trusted banks to hold our cash, and because our currencies are 'fiat' in nature: they exist because as societies we say that they do, and not because they comprise lumps of precious metal for which value is universally recognised."


: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 magazine, April 2017, p10 - Technical briefing.''
 
:''The Treasurer online, 2 December 2021''




== See also ==
== See also ==
*[[Bank]]
* [[Bitcoin]]
*[[Banking as a service]]
* [[Crypto-assets]]
*[[Buy Now Pay Later]]  (BNPL)
* [[Cryptocurrency]]
*[[Cambridge Centre for Alternative Finance]]
* [[G20]]
*[[Disruptor]]
* [[Gold standard]]
* [[Finance]]
* [[Hard money]]
*[[Financial services]]
* [[Money]]
*[[Fintech]]
* [[Pound]]
*[[Friction]]
* [[Reserve currency]]
*[[Hyper-personalisation]]
*[[Information technology]]
*[[Interoperability]]
*[[Open banking]]
*[[Open banking APIs]]
*[[Tailor]]
 
 
==Other link==
*[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:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Cash_management]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]
[[Category:Technology]]

Revision as of 13:57, 11 June 2021

A currency without intrinsic value.

Also known as fiat money.


In the modern era, all significant currencies are fiat currencies.


What spooked the G20 post-2008

"What spooked the G20 members in the aftermath of the 2008 global financial crisis was that their economies appeared to nearly collapse because we no longer trusted banks to hold our cash, and because our currencies are 'fiat' in nature: they exist because as societies we say that they do, and not because they comprise lumps of precious metal for which value is universally recognised."
The Treasurer magazine, April 2017, p10 - Technical briefing.


See also

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