Explainer: How embedded finance can reshape the Islamic financial landscape
The importance of embedded finance cannot be overstated. It not only broadens the market by making Islamic finance more relevant, but also enables banks to serve geographically dispersed customers more efficiently.
We speak with Mike Breen, chief commercial officer, audax, on how embedded finance can open new customer segments for Islamic banks, and the verticals where he views 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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