Payments and financial services technology solutions provider Fiserv said that it will offer embedded finance capabilities to clients and partners.

Fiserv will provide accessibility to capabilities from its merchant acceptance, banking, and card issuing businesses to customers via a curated set of application programming interfaces (APIs). This will help the company to transform the way payment facilitators, financial institutions, and software platforms cater to their respective clients.

Besides, it will let businesses to expand their service models, enabling their clients to consume financial services directly from the business’ platform.

Fiserv embedded finance head Sunil Sachdev said: “We’re driven to bring the full stack of leading merchant and banking capabilities to our clients, reducing the time it takes them to get into market.

“This simplified delivery model for embedded finance will allow software platforms and marketplaces to build deeper relationships between their brands and merchants, while significantly expanding the revenue potential associated with each relationship.”

Fiserv intends to allow businesses to access a suite of financial products that can be used to develop more valuable relationships with merchants by providing embedded finance. This will enable merchants to benefit from faster access to capital and the ability to simplify and consolidate their business’ financial experience through a single provider.

The embedded finance opportunities available to clients will include digital capabilities enabled by Finxact, a core banking ledger built on open architecture and commerce capabilities enabled by the Carat global commerce platform from Fiserv.

Fiserv also said that software as a service (SaaS) platform Pay Theory will utilise its capabilities to enhance and expand service offerings to software platforms and merchants across sectors.