1、An Embedded Finance Future in Asia Payments have already become invisible,finance is soon to follow.A report from Kapronasia in collaboration with Thought MachineNovember,2022ContentsExecutive Summary 3Introduction 4Open Banking and Embedded Finance in Asia 5Creating Embedded Finance Solutions in As

2、ia 6The Business Case and Risks of Embedded Finance in Asia 9Conclusion 11MethodologyKapronasia conducted both primary and secondary research in Asia-Pacific to obtain the most relevant insights from the industry around embedded finance.Secondary research sources included but were not limited to,mar

3、ket intelligence reports and studies by industry experts and professional services networks,white papers,educational materials,media articles,and marketing collateral.Primary research interviews were secured from relevant players across the ecosystem,including financial institutions,Fintechs,and ind

4、ustry experts.An Embedded Finance Future in Asia3Executive SummaryThe inexorable march of new technology in everyday life is heavily impacting the nature of financial services in Asia.One area of particular interest is the degree to which financial services are increasingly being provided via non-fi

5、nancial platforms or apps embedded finance.Examples abound,from booking a taxi where payments are automated to simply clicking a box to add insurance for a product or service as a user is buying something from an e-commerce site.Open banking,essentially the sharing of financial data between banks an

6、d 3rd parties,has provided succor to platforms looking to embedded financial solutions in Asias ecosystem.Whilst the extent of open banking varies markedly across the region,several business models have arisen making use of the technical developments and more liberal information flows.Today,scores o