Road sign that says 'Old ways won't open new doors'.

Embedded Finance: What is it and what does it mean to credit unions?

Embedded finance sits high on nearly every emerging technology trend list. If you’re not sure what it’s about, you’re certainly not alone.

Embedded financial solutions are one of those things that you’ve probably experienced without giving it any thought. In fact, a December 2021 poll by Morning Consult concluded that only 11% of U.S. adults are familiar with embedded finance, while nearly one-third of that population has unknowingly used or experienced it.

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Digital Delivery Consumer Trend

Digital Delivery: What is driving this consumer trend?

We all know that the pandemic was a catalyst for the widespread adoption of digital delivery of services. Consumers were forced to use technology to conduct business – purchasing goods online rather than in person, using mobile applications like UberEats and Instacart, and paying for purchases by card or touch-free app. All consumer-driven industries had to quickly adapt to the new environment.

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Hand holding cellphone with Buy Now Pay Later displayed at checkout cart online.

Buy Now, Pay Later: What impact will this have on payment trends?

If you’re an avid online shopper, the odds say you’ve seen or perhaps even used a BNPL service. BNPL stands for “Buy Now, Pay Later.” While this slogan might not ring any bells, the third-party platforms themselves might. Affirm, Afterpay, Klarna and even PayPal are among the most popular BNPL providers in the retail space.

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