Platforms, embedded and open finance: opportunities and challenges for credit insurers
Recently, platforms have gained significant attention despite their longstanding presence. Over the past few years, there has been a noticeable surge in corporate and financial institution interest encompassing various forms of platforms. Among these, diverse platform models exist.
Marketplaces serve as hubs facilitating transactions between multiple suppliers and buyers. Certain solutions empower companies to interface with diverse financial suppliers, providing a comprehensive overview of their resources and risks. Blockchain-driven platforms facilitate connections for financial institutions within their expansive networks. Ad-hoc solutions emerged swiftly during the COVID-19 crisis to address immediate needs.
These instances merely scratch the surface of the available offerings. With new platforms continually entering the scene, the future success or transience of each remains uncertain.