Piermont Bank built its own proprietary API platform to allow companies to tap its embedded finance services, a market that is expected to reach $7 trillion in transaction value in 2026.

Citi’s embedded finance service, Spring by Citi, is looking to expand its use cases in payments acceptance and foreign exchange by tapping the consumer bank, Managing Director and Global Head Vineeth Subramanyam tells Bank Automation News on this episode of “The Buzz” podcast.

Spring by Citi launched in 2020 and has a global presence in 23 markets. The payment and acceptance and merchant acquiring service sits inside the $1.7 trillion bank’s services organization and is built on Citi’s Treasury and Trade Solutions payments network.

Access to transactional data provides the richest insights for personalized banking experiences.

“What are [consumers] paying, how are they paying, what kinds of life stages are they in the midst of?” Lindsay Soergel, chief executive at AI-powered digital banking solutions provider Fintilect, asks. She says this information delivers “the greatest value to our financial services customers.”

Soergel, who has held leadership positions in the financial services industry for more than 20 years, pointing to her time at PNC, SunTrust Bank, NCR, Kasisto and more, speaks with Bank Automation News for this episode of “The Buzz.”

She became CEO at London-based Fintilect in March.

Founded in 1985, Fintilect’s client base spans the banking, credit union and auto lending sectors, Soergel says.