Does every bank need an embedded finance strategy? With Sarina Deuble from McKinsey

In the latest episode of the Embedded Finance Review Podcast, Lars Markull engages with Sarina Deuble from McKinsey, discussing the evolving landscape of embedded finance and its impact on the banking sector. The conversation highlights the historical context of embedded finance, comparing it to previous financial distribution channels and examining its growth, particularly over the last five years. Sarina outlines the significant role of big tech and partnerships in this space, mentioning that embedded finance in Europe could capture a significant revenue pool by 2030. The discussion also covers potential use cases for banks, challenges like funding drops, and the importance of data and smart partnerships. Banks must consider embedded finance strategies to address market shifts, though it may not be necessary for every bank to implement one immediately. The podcast encourages thought on how embedded finance can enhance customer experiences and market positioning. 00:00 Introduction to Sarina Deuble 01:17 Exploring the World of Embedded Finance 02:54 The Evolution of Embedded Finance 06:13 Future Prospects and Market Trends 11:41 Opportunities and Challenges for Banks 14:24 Strategic Partnerships and Market Dynamics 24:22 The Role of Big Tech and Market Competition 30:11 Investment Landscape and Business Models 31:12 Conclusion and Final Thoughts