Embedded finance, embedded risk

Every app wants to be a bank. A risk officer on what the sponsor-bank model hides, the compliance debt that builds up, and how to tell a healthy program from a time bomb.

 Embedded finance, embedded risk

Embedded finance promised a bank account in every app. The bill for that promise is now arriving.

- The sponsor bank model, explained
- Reconciliation: where the money actually goes missing
- Three questions to ask any banking-as-a-service partner

 Further reading

- The regulator's guidance on third-party risk