Explainer: How embedded finance can reshape the Islamic financial landscape
It is hard to overstate the role of embedded finance. It can broaden the present market not only by making Islamic finance more relevant but also by making geographically dispersed demand more practical for banks to serve.
We speak with Mike Breen, chief commercial officer, audax, on how embedded finance can open new customer segments for Islamic banks, and the verticals and markets where he sees the next big opportunity for embedded offerings.
Islamic finance assets are estimated to hit $9.7 trillion by 2029, yet you've pointed to a growing "distribution gap." Can you unpack what's driving it?
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