Komo partners with Brankas to bring Open Banking in the Philippines

By Leandra Monteiro

Komo, the digital banking service created by EastWest, has entered a partnership with Open Banking provider Brankas to enable instant in-app deposits. Through this partnership, Komo users can now instantly top-up their balance directly from the app. All they need to do is click on the plus (+) button next to the account balance, enter the amount they wish to top-up, and select a source bank through Brankas’ secure SDK flow to deposit money to their account.

Through Brankas’ secure fund transfer APIs and extensive bank integration suite, customers can receive money from their choice of Philippine banks; instantly and without leaving the Komo app!

“Now, cashing in from the Komo app is more seamless and secure for our customers. Instant in-app cash-in has been a widely requested feature for customers since we launched and we’re glad to finally launch this feature with Branka’s secure API integration while offering a wide variety of partner banks to choose from” said Isabelle Yap, Komo’s business lead.

Todd Schweitzer, Brankas CEO, shared, “At Brankas, we’re impressed with Komo team’s passion for their customers. Komo provides a beautiful, intuitive, and secure neobanking experience, raising the standard for Philippine consumer banking. At Brankas, we believe Filipinos should have more choice and flexibility in managing their hard-earned money, and we’re excited to partner with Komo to introduce customer-centric Open Banking solutions.”

Brankas is an Open Finance technology provider in Southeast Asia. They provide API-based solutions, data and payments solutions for financial service providers (like banks, lenders and e-wallets) and online businesses. Brankas partners with banks to build and manage their Open Finance infrastructure, producing APIs for real-time payments, identity and data, new account opening, remittances, and more.