- Open banking allows access to account data and payment initiation, but embedded finance allows much more like issuing cards and accounts, currency conversion, and multiple payment schemes. - Railsbank aims to democratize finance by allowing any business to embed financial services into their customer experience with just 5 lines of code through their API. - They provide the infrastructure and manage the complexity and risk of running financial services so businesses can focus on their products and customers. This allows for innovations like insurance that acts like a bank account, a neo bank using gold deposits, and salary advancing to help with debt.

1. Internal / External: Public Version: 20201014-1043
Revitalising the “core”
From Open Banking to Embedded Finance.
Nigel Verdon
CEO & co-founder Railsbank

2. Internal / External: Public Version: 20201014-1043
Nigel Verdon
CEO Railsbank
1996 Evolution, co-founder
2007 CurrencyCloud, founder
2016 Railsbank, co-founder
LinkedIn: Nigel Verdon
Twitter: @nigelverdon
- Only entrepreneur to be in FinTech50 every year
- 1st Foreign Exchange trade ever over the Internet
- 1st FX institutional Options Pricing service delivered
over the Internet
- 1st institutional Insurance Risk Pricing model delivered
over the Internet
- 1st ever FinTech global payments and FX API
- 1st full stack embedded finance API

3. Internal / External: Public Version: 20201014-1043
Open banking is
only really
about two core
services.
- Account data
- Payment initiation

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Embedded
financial is
about so much
more.
- Open Banking plus...
- Issuing cards
- Issuing accounts
- Currency conversion
- Multiple payment schemes
- Collecting money
- And so much more.

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Anyone can be a merchant - Amazon, eBay
Anyone can be a taxi driver - Uber, Lyft, Bolt
Anyone can be a journalist - Twitter
Anyone can be an investor - Robinhood, Acorns
Anyone can create movies - YouTube, Vimeo
Anyone can be a hotel owner - AirBnB
Anyone can run a data centre - AWS
Anyone can be a telco - Twilio
Technology
has totally
democratised
many
industries.

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Anyone can be
a fintech.
We believe that:
“Embed finance with 5 lines of code”
Think of us as empowering any business to embed
financial services directly into your own customer
experience and customer journeys.
e.g. supermarket, telco, food delivery, airport, employee
benefits and many more.

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You use our rich set of APIs as the
building blocks that bring to life
any financial use-case that you
want to embed in your customer
experience.
Neo Bank
Salary advancing
Micro savings
Farming COOP
Gig worker payroll
Wealth manager
Rewards scheme
Brand engagement
Micro lending

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Railsbank supports you
as a 24x7 utility that
manages and operates
the complexity and risk
of running financial
services.

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We free
We free you up
to focus on
your product
and your
customers.

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Example “embedded
finance” use-cases.

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An insurance policy that
‘behaves like’ a deposit
account.
innovation: embedding a bank account and debit card into an
insurance customer experience
speed: a fully working prototype in 3-days
launching a new product MVP in under 2-months
launching a new country in under 3-months

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Neo bank built on gold
deposit accounts and a
new gold backed
currency called Tally
innovation: creating and operating a new currency for payments
real-time currency conversion for each payment
embedded banking into a gold custody process
speed: launched a new product in the market in 2-months

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Salary advancing with
social conscience to help
people out of debt.
Innovation: frictionless embedding into payroll process
Speed: new product to market launched in 2-months

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Where will
embedded
finance be in
10 years?

15. Internal / External: Public Version: 20201014-1043
Any Questions.