Worldpay has launched the Embedded Finance Engine, a new suite of financial service products that its software platform partners can quickly 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 market-leading financial services directly from their business management applications. With a simple, single integration, Worldpay’s innovative Embedded Finance Engine — featuring modern 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.
“Worldpay has always been an innovative leader in the software led platforms space with multiple industry leading technologies. We are deeply committed to helping our software partners meet the needs for their users,” said Matt Downs, president of Worldpay for Platforms. “Our goal is to empower partners to become the everything platform for their users. We are helping them move beyond payments to solutions like the Embedded Finance Engine. By providing partners with purpose-built and easy-to-use technology with simple integrations, we help them unlock new opportunities and deliver greater value to their customers. Embedded finance is just one example of how Worldpay powers the possible for our partners.”
Worldpay will be showcasing the Embedded Finance Engine at their annual Partnership Forum in Denver this week.
