Hicham Oudghiri, CEO of Enigma Technologies, says Embedded Finance and real-time data will transform B2B payments and risk. Embedded Finance and real-time data will be used to transform B2B payments and risk.
Embedded Finance occurs when financial services are built into non-financial products. For example, a business software company offers its customers the ability to pay their invoices directly through the software. This way it becomes easier and faster for customers to make payments, and this software is also helpful for the company to improve its cash flow.
Real-time data is data that is made available and processed immediately. However, it becomes increasingly important in B2B payments, as businesses need to make quick and accurate decisions. About Real Time Data can be used by the Company to assess the risk of a new customer or to approve a loan. SSI Recipients to Receive 3.25% Increase in Monthly Benefit Next Year
Using Embedded finance and real-time data
Speaking of Embedded Finance and real-time data, Oudghiri further explained that “no matter the approach coming to market, real-time payments will be part of the discussion about where it will be next? And how fast will payments become commercial. Can change commerce.
He further explained, “It may seem like real-time payments would be a game changer in the United States, but in reality, it’s all about meeting consumer demands.”
Oudghiri points out that with real-time payments, “there are a lot of opportunities for fraud.”
Oudghiri says Embedded Finance and real-time data will transform B2B payments and risk in these ways:
- This will enable businesses to make more convenient and efficient payments to their customers.
- Businesses will be successful in working out the risk of fraud and payment defaults.
- Businesses can make faster and more informed decisions about their finances.
Oudghiri says that these changes are already happening and will accelerate in the coming years. Businesses that will be able to adopt Embedded Finance and real-time data will have a competitive advantage.
Embedded finance makes it easier for businesses to provide financial services to their customers. This real-time data is going to greatly help businesses make faster and better decisions about their finances, as Embedded finance and real-time data combine to transform B2B payments and risk.
The transformation from Embedded finance and the use of real-time data has made it easier and even more efficient for businesses to make and receive payments. This helps businesses reduce fraud and payment defaults. Any business that is able to adopt embedded finance and real-time data will surely be gaining an edge over the competition.