How Banks Can Grow Low-Cost Deposits with Embedded Finance

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The cost of deposits is rising and the cost of attracting and retaining deposits is also increasing —  customers are looking for higher returns and a “safer” place to put their money.

Forward-looking banks have a new option, thanks to emerging banking API technology. By partnering with embedded finance companies, banks can gain access to new market segments and a lower-cost and stickier source of deposits. This innovative collaboration between banks, technology providers, and nonfinancial platforms constitutes the embedded finance revolution. Our guide will cover the following:

  • Why the cost of attracting and retaining deposits through traditional channels is increasing
  • How partnering with embedded finance companies can reduce acquisition costs and increase low-cost deposit acquisition strategy growth
  • Why banks should view embedded finance companies as an access point for customers in new verticals

Download the guide now for the details!