Three major announcements dropped this week, showing that embedded finance is moving from startups straight into the core of enterprise software.
Firstly, Adyen went live with SAP's Open Payment Framework (OPF), a pre-built integration for SAP Commerce Cloud that eliminates manual payment integrations (The Paypers). Secondly, Brex became the first fintech issuer embedded within Oracle Fusion Cloud ERP, enabling customers to select Brex virtual cards directly from payables workflows (PYMNTS). And thirdly, KNEX partnered with Visa to embed virtual card capabilities directly into Oracle ERP systems (Finextra).
This isn’t the first time we are seeing SAP or Oracle making moves in Embedded Finance. But all three announcements in one week show that the momentum is increasing.
Also, what's standing out for me is: these are not the traditional payment partnerships anymore. The focus is on ‘embedded’: SAP's OPF is described as "pre-built, cloud-native" with Adyen as the first PSP live on it. Brex's virtual cards can be selected directly within Oracle's payables workflows. The KNEX Visa adapter is a "pre-configured, low-code integration layer" that facilitates payments within the ERP.
