Embedded Finance as a $7 trillion market opportunity for banks in the business of suffering, with Simon Torrance

<p>Hi Fintech Futurists,</p><p>There’s an enormous gap between the financial needs of humanity and what the financial sector is able to deliver there. This gap is being filled by tech-savvy solutions and embedded finance plays which are putting into question the role of a bank in this new ecosystem.</p><p>Simon’s recent analysis suggests that Embedded Finance is merely a decade out from offering a new, very large addressable market opportunity <strong>worth over $7 trillion, </strong>which is twice the combined value of the world’s top 30 banks today.</p><p>For the <a href="https://lex.substack.com/archive">annotated transcript</a> and additional premium analysis, subscribe <a href="https://lex.substack.com/subscribe?utm_medium=web&utm_source=subscribe-widget&utm_content=31498360" target="_blank">HERE</a>.</p><p>Hope you enjoy, and do not hesitate to <a href="http://email.mg1.substack.com/c/eJw1UMtuxCAM_JrliICQshw49LK_gXg4CVoCEQ-l-fuSrSpZsmyPZzx2psGay6WOXBvqFYoOXlHG5ZMQ5BURzAmLQtVLAdhNiAod3cbgTAs53eCnkDPa1Ew85WCJMWDlxCkTYP1CGBHCyEUwdCto032A5EDlFC99mOBRVFtrR31M3w_2GnGeJ47wU_M7x5Cwy_toupyacQ0FxQYlmelMp0nyL0xxaI4tC6dbeXCyrxTXbusAv-9VVNQZYsQWoOY0AOvt4TMZNvTIe0-hXRqSsRG8aqUDan_v-FzcrgNG6Z357wzPfCZScDSUfB6ESY2DfwHNGHFB">reach out here</a>!</p><h2><strong>Excerpt</strong></h2><p><strong>Simon Torrance:</strong><br />So let's take an example here. Standard Chartered is quite a good example, based out of Singapore, but a big bank in Southeast Asia and Africa. And this example is quite good because their core business, like all banks, is suffering. And so they created a separate...</p><p><strong>Lex Sokolin:</strong><br />Sorry to interrupt. But I just want to highlight that their core business, the core business of Standard Chartered, is they're in the business of suffering. To be suffering, is their core operating activity.</p><p><strong>Simon Torrance:</strong><br />Yes, exactly. Exactly. Quite cleverly, very cleverly, what they've said is that we've got the core business, which is all about suffering, as you say, and w