Embedded banking for human resources software
HR software are well-positioned to cater to the financial needs of both companies and employees
Banking features so sophisticated they are surprisingly easy.
Banking becomes invisible.
Customer Stories
Achieve the finest UX
When all payments are executed in one place, it becomes much easier for users to keep track of what’s paid, what’s due, and what’s late.
Boost customer acquisition
Banking services are a high-value add-on. 85% of small businesses would like to see payments integrated into their vertical software, including rental and property management tools.
Unlock new revenue streams
Diversify your offer and benefit from higher subscription revenue and interchange fees. Generate income per user and per account.
Increase stickiness
Weekly banking operations boost engagement and reduce churn risk by increasing customer reliance on your systems.
FAQs
What kind of banking features can I embed into my product?
Almost every type of financial service is embeddable. Swan has three core banking products: accounts, cards, and payments. You can offer your customers accounts, many types of payment cards, and the ability to send or receive payments via the SEPA network, and more!
What resources are required to launch embedded banking?
Partnering with a Banking-as-a-Service provider like Swan means you can launch your banking product in a matter of weeks at a fraction of the cost of working with a traditional bank. Since Swan handles the tricky compliance stuff like KYC, AML, and transaction monitoring, you don’t have to spend the time and money building a dedicated banking team in-house.
How does embedded banking allow me to triple my revenue?
Banking features enable you to further monetize hard-won customers. You’ve done a lot to get your customer on board. By offering them financial products when they need it and how they want it, you can increase revenue through shared interchange, higher subscription fees, and more.
What is the difference between embedded banking and Banking-as-a-Service?
Embedded finance is an activity a company does to add product depth by delivering financial services to their customers at their points of need. Embedded banking is a subset of embedded finance. Embedded banking usually refers to more traditional products offered by companies, such as accounts, debit cards, and payment services. Banking-as-a-Service is a delivery method for financial products from regulated entities to non-regulated ones. Providers like Swan sell Banking-as-a-Service to other companies.