The new partnership between Brankas and Metro Pacific Tollways (MPT Mobility) allows MPT DriveHub users to reload their e-wallets using their bank accounts via Brankas Direct. MANILA, Philippines, April 18, 2023 /PRNewswire/ Open finance leader Brankashas announced a new integration that will allowMPT DriveHubapp users in the Philippines to reload using their active Philippine bank accounts. MPT DriveHub users can now choose from a wider range of reloading options as they top up their RFID accounts, with which their transaction history can be accessed too. Brankas and MPT Mobility expect the new integration to attract new app users, who will benefit from lower service fees when reloading through the app. Brankas and MPT Mobility enable instant toll reloading in the Philippines via bank accounts MPT Mobility, the innovations arm of Metro Pacific Tollways Corporation (MPTC), enables Filipinos to travel more easily through its efficient, effective, and modern mobility solutions through
Brankas' Account Opening API is integrated with four banks in Indonesia and the Philippines, enabling an "embedded finance" experience in any app. JAKARTA, Indonesia, Feb. 29, 2023 /PRNewswire/ Open finance leader Brankas has today announced a new feature enabling instant bank account opening as an "embedded finance" experience on third-party applications. The API is the first of its kind in the region, launched first in Indonesia and the Philippines. As a bundle with Brankas' market-leading data and payment solutions, any merchant or consumer app can provide fintech experiences to their users. Using the new Account Opening API as part of Brankas' wider banking API suite, businesses such as Personal Finance Management apps can help their users to create and move funds into high-interest accounts. HRIS platforms and lenders can also allow users to create specific bank accounts quickly to disburse salary and loan payouts. In addition, Brankas sees this as
SINGAPORE, Jan. 26, 2023 /PRNewswire/ Brankas,the leading global open finance technology provider, and Element Inc , the privacy-led, modern AI pioneer in digital identity services, today announced a strategic partnership to introduce an additional layer of security to detect potential frauds. In Southeast Asia, one in every three people experienced online fraud amidst this digital transformation last year. Meanwhile, online fraud emerged as a top critical enterprise risk for Southeast Asia-based businesses. This was on top of the US$260 million that they already lost in 2019 to digital fraud.[1] Brankas, the comprehensive Open Finance API platform stand to revolutionize the growth of the MSMEs in the Asia-Pacific region and provide financial access to the underserved while protecting consumer data, confidentiality, and financing via its products and services. Element can play the critical role of the identity verification layer for Brankas' Open Finance Products such as Brankas D
SINGAPORE, Nov. 24, 2022 /PRNewswire/ Open Finance technology leader Brankas has developed "Brankas Open", a first-of-its-kind open source license for the next generation of Banking-as-a-Service and Open Finance software. The "Brankas Open" license is meant to encourage digital banking and fintech innovation and lower the cost barriers for startups, neobanks, and even traditional institutions to quickly prototype and launch new solutions, while retaining their own source code. Customers will benefit from more choice and better user experience, as companies have open access to use, modify, redistribute, and collaborate on the publicly available Brankas Open code. The inspiration for Brankas Open came when Brankas received a grant from the Monetary Authority of Singapore in November 2021 to develop Brankas APIX Open Core, a proof of concept open source core banking system. Recognizing the need for a modernized Open Source framework to address new Open Finance technol
SINGAPORE, Oct. 27, 2022 /PRNewswire/ Brankas, a leading Open Finance technology provider, has today announced that it has gone live with Visa to unveil a new Open Finance solution to increase financial inclusion across Southeast Asia, citing TrustDecision (Tongdun) and IziData as two of the pilot customers already using the joint solutions. Visa and Brankas Unveil New Open Finance Products Brankas has successfully integrated Visa Cardholder Transaction Score (VCTS) and Visa's broad range of payment rails into its core solutions to deliver new out-of-the-box credit decisioning and payment products. Appointed by Visa as the first partner regionally to provide live access to its Open Data products, Brankas will enable financial institutions to utilize the transaction data available today to immediately improve their solution offerings. Digital banks, BNPLs, alternative lenders, ecommerce platforms, and Insurtechs seeking to enhance their credit decisioning capabilities can now get a