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Embedded finance is the integration of financial services into the offerings of non-financial companies. This innovative approach allows businesses to provide seamless financial solutions such as payment processing, loans and insurance directly within their platforms. This is especially effective for applications that allow users to either provide services for each other or interact in an exchange of value, be it monetary or not.

The banking industry is facing a tectonic shift. In the financial sector, that shift is better known as ‘open banking.’ Open banking is a financial services innovation that provides third-party developers with API access to consumer banking data. This ultimately gives customers more options and control over their financial information.

Recently, traditional passwords have proven to be an increasingly problematic authentication strategy in the evolving face of cybersecurity. Biometrics, such as fingerprint recognition, facial recognition, and iris scanning, are ushering in a new era of safe authentication.

Access a new frontier of secure finance solutions pioneered by Omniwire, while standing on the shoulders of giants with SHAZAM’s robust network of traditional banks and credit unions.

The cybersecurity industry is expected to face significant problems as well as incredible potential in the second half of 2023. Due to the quick development of technology, cyber threat defense must be similarly quick-thinking and proactive.