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Embedded Finance Is Changing the Business of Law

By Kevin Gallagher
March 01, 2023

A revolution is underway in small and medium-sized businesses (SMB) banking and payments and will impact the way legal, accounting and other professional services firms manage their finances.

What Is Embedded Finance?

If you have paid for a ride using the Uber app or coffee with the Starbucks app or taken advantage of "buy now, pay later" on Amazon, you have experienced embedded finance as a consumer. The transaction is seamless and integrated within the experience, making the bank invisible to the consumer.

Embedded finance is quickly taking off in B2B as well. Business applications for professional services, such as an online legal practice management platform, promise to improve fiscal operations, providing options and opportunities that benefit both law firms and their clients.

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