According to Alloy's 2024 State of Embedded Finance Report, 51% of sponsor banks’ revenue and deposits, on average, are driven by embedded finance partnerships. In spite of this revenue potential, compliance challenges persist. 39% of sponsor banks lost over $250K to compliance violations in their embedded finance partnerships this year. Alloy CEO Tommy Nicholas spoke with Teresa Xie at Bloomberg about the balance sponsor banks must strike between meeting their regulatory requirements and working collaboratively with their fintech partners.
Tommy Nicholas, CEO & Co-founder at Alloy
Oct 3, 2024
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