{"id":12284,"date":"2021-09-17T14:47:26","date_gmt":"2021-09-17T18:47:26","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=12284"},"modified":"2021-09-20T13:42:11","modified_gmt":"2021-09-20T17:42:11","slug":"banks-warned-as-outsiders-cracks-the-code-for-finance","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/banks-warned-as-outsiders-cracks-the-code-for-finance\/","title":{"rendered":"Banks Warned As Outsiders Cracks The Code For Finance"},"content":{"rendered":"\n<p>Established financial institutions continue to see their services replaced by software from tech startups.<\/p>\n\n\n\n<p>Tech startups have proven that they could offer their customers almost anything they need, from banking to credit to insurance.<\/p>\n\n\n\n<p>Experts have argued that traditional lenders are being pushed further and further away from the front end of the financial process, restricting their access to a lot of data that will be crucial to them gaining an advantage.<\/p>\n\n\n\n<p>Investors have poured $4.25 billion into embedded finance startups this year, nearly three times as much as in 2020.<\/p>\n\n\n\n<p>According to one industry expert, &#8220;Big banks and insurers will lose out if they don&#8217;t act quickly and work out where to play in this market.&#8221;<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/article\/fintech-embedded-finance-focus\/banks-beware-outsiders-are-cracking-the-code-for-finance-idUSKBN2GD001\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Established financial institutions continue to see their services replaced by software from tech startups.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-12284","post","type-post","status-publish","format-standard","hentry","category-todays-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/12284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=12284"}],"version-history":[{"count":3,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/12284\/revisions"}],"predecessor-version":[{"id":12321,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/12284\/revisions\/12321"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=12284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=12284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=12284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}