Month June 2024

Payments

The Disappearing Checkout: How Embedded Finance and APIs Put Payments Inside Instagram and Uber

You buy a shirt on Instagram, order a ride on Uber, subscribe to a streaming service, and pay without ever leaving the app. You do not visit a bank. You do not open a separate payment website. You do not…

Core Banking

The Shadow Ledger: The Hidden Customer Ledger Behind Modern Banking Apps

In the previous article, we established that when you open a neo-bank account, your money does not actually live at the neo-bank. In many cases, it lives in a giant, pooled omnibus account (FBO) at a traditional sponsor bank, mixed…