Worldpay has launched the Embedded Finance Engine, a suite of financial service products that its software platform partners can integrate to drive higher retention and revenue growth while “streamlining their tech stacks and ecosystems.”
Worldpay’s Embedded Finance Engine is available to partners integrated with Worldpay for Platforms and “includes embedded lending, banking and commercial card issuing products with plans to expand capabilities rapidly over the coming months.”
Worldpay’s pre-built embedded finance components make it fast and easy for software platforms to “deliver financial services directly from their business management applications.”
With a simple, single integration, Worldpay’s Embedded Finance Engine — featuring “programming architecture and configurable widgets — delivers embedded financial services that are ready to launch out of the box, without requiring major investment or additional resources.”
Worldpay’s Embedded Finance Engine significantly “reduces the compliance and fraud risk burden for software platforms, allowing them to focus on their core business.”
By handling regulatory requirements and risk management, Worldpay eliminates the need “for additional operating expenses typically required to launch and maintain new financial offerings.”
As new services become available, platforms can “activate them seamlessly — without incurring extra costs or dedicating resources to ongoing compliance and fraud prevention.”
As covered, Worldpay is a payments technology and solutions company with unique capabilities “to power omni-commerce across the globe.”
Their processing solutions “allow businesses of all sizes to take, make, and manage payments in-person and online from anywhere in the world.”
Annually, they claim to process over “50 billion transactions across 174 countries and 135 currencies.”