The way banking is distributed is changing, with customers expecting speed, convenience and frictionless experiences at the moment of need. Through the power of banking-as-a-service (BaaS) and embedded finance, any retailer can provide financial services too, and the results have been significant.
Research conducted by NatWest Boxed and Boston Consulting Group (BCG) with 21 leading UK retailers discovered that BaaS and embedded finance could aid a 4-7% uplift in revenues. Retailers can also enjoy a 5-12% boost in conversion rates at checkout and a 15-30% increase in average order values.
Download the whitepaper to explore:
- What BaaS and embedded finance really mean
- How every retailer can become a distributor of financial services
- Proven revenue impact achieved by top UK retailers
- How to get started
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