In our last episode we discussed Embedded Insurance with Chiranth Patil and Suvendu Prusty from Riskcovry. This week we continue in our series on embedded finance and shift the focus to embedded banking.
Is the future of banking moving towards banking anywhere but never at a banking app? Embedded banking is enabling non-financial companies to bring banking products within their own apps and act as if they were banks. This is opening up all sorts of use cases which will widen the penetration and usage of financial products. We caught up with Murali Nair, President – Banking, Zeta to better understand this phenomenon. In the episode we cover:
- An overview of embedded banking
- Embedded banking vs Open banking
- Emergence of embedded banking models in India
- Zeta’s role in ushering in embedding bank
So tune in to learn everything you wanted to know about embedded banking.
Timeline
00:00 Start
01:00 Introduction
01:25 About Murali
03:57 What is embedded banking ?
08:00 Challenges that banks face
10:44 Open Banking vs Embedded Banking
12:30 Use cases for embedded banking in India
17:19 Regulatory aspects of embedded banking in India
19:39 Introduction to Zeta & key features of the platform
23:30 Why would non-financial companies want embedded banking
25:20 Zeta’s success in the market
27:07 Commercial model typical of embedded banking
29:22 How to contact Zeta
Other Information
- Zeta’s website
- Contact Murali: murali [at] zeta [dot] tech
- Contact Gaurav Mittal: gauravm [at] zeta [dot] tech