Open Banking is a "How" and Embedded Finance is a "Why"
summary
Argues that open banking = how (standard APIs and registration, now at phase 3 in Hong Kong) while embedded finance = why (contextual flows like payroll, instant car insurance, BNPL). Describes tools: screen‑scraping legacy flows, an open api hub with connectors into WooCommerce and OpenCart, a fiber connect integration layer, and a first FPS payment plugin launched last year with Xero integrations; several proofs of concept are live and reducing integration time.
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chapters (10)
- 0:00Open Banking & Embedded Finance intro
- 1:47Why Open Banking emerged
- 6:25Open Banking framework
- 9:16Business value of Open Banking
- 10:45Embedded Finance meaning
- 13:10Embedded Finance examples
- 16:41Cultural differences in finance
- 19:30Open Banking collaboration challenges
- 21:59Lowering barriers with solutions
- 23:22Closing & future outlook
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