back Back

Brankas partners with Integra to publish a guide on open finance

By Leandra Monteiro

July 29, 2021

  • America
  • Brankas
Share

Brankas, Open Finance, Integra, white paper, Southeast AsiaBrankas, one of Southeast Asia’s leading Open Finance technology company recently participated in a joint publication with Integra Partners, a venture capital firm based in Singapore to publish a white paper titled Embracing Open Finance in Southeast Asia.

As financial institutions in Southeast Asia are discovering new digital-first commercial models and opportunities, boundaries of finance and core model of banks are challenged. This paper by Brankas and Integra Partners identifies the commercial opportunities and explores how banks and financial service providers can overcome these challenges.

COVID-19 pandemic has accelerated the importance of digitalisation as banks look to serve their customers in new ways during lockdowns and quarantines while customers are increasingly looking to access financial products and services on their own terms and on their own devices. With open banking technology, open finance; permissioned data-sharing are enabled to service a wide range of financial products and services. Key concepts and definitions of open finance are discussed in this paper, expanding to how banks can benefit from open finance.

Case studies referencing banks, financial service and eKYC providers in Southeast Asia such as CIMB Bank, Komo by East West Bank, Unionbank, TMRW by UOB, GCash, Meniga, Cebuana Lhuillier, Tokopedia and Singpass are studied as examples of open finance.

Previous Article

July 29, 2021

Bridgeweave launches InvestorAI in the UK

Read More
Next Article

July 29, 2021

Ember research reports millennials are the UK’s leading entrepreneurs

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

America

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Worldline partners with RiskQuest to streamline credit checking

Read More

April 16, 2024

Leeds Building Society taps Mambu for core banking modernization

Read More

April 15, 2024

GoCardless extends partnership with Sage to reach new markets

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023