Bank is something you do, not somewhere you go. The adoption of Open Banking APIs and Bank as a Service (BaaS) open the opportunity for non-financial applications to distribute and service banks products, embedding them in their own systems.

A fast-growing use case is embedded banking for Treasury Management, benefiting business and commercial clients. ERP’s, accounting software, and Treasury Workstations are effectively creating a new channel, competing with the traditional online banking, file transmissions, etc.

Embedded Banking is a game changer for treasury management, eliminating the need for a finance professional to login to multiple platforms at a time, by bringing account information and payment services into the system they use daily.