Musoni & Brankas partner to simplify Corporate Financing in Asia
By Gloria Mathias
Musoni System has partnered with Brankas, an open FinTech company. Brankas is integrated with over 100 enterprise partners, including banks and FinTech, to facilitate instant account-to-account payments, bank account opening, and secure retrieval of financial data.
The synergy shared by Musoni’s core banking system and Brankas’ integration network marks a leap in financial innovation. By seamlessly incorporating loan management, credit scoring, and collection offerings, this integration empowers Financing Institutions with enhanced capabilities.
The partnership will also benefit nascent digital banks and financial organizations that are just entering Asia and non-financial businesses such as those in logistics or e-commerce that are introducing an embedded finance experience.
Businesses and consumers looking to apply for loans can use Brankas’ data APIs to quickly and securely share the financial and bank data required for the loan entity.
The loan entities can entrust Musoni’s credit checking and collections systems to manage the entire loan process, and lastly, use any preferred loan disbursement and payment method, including Brankas’ payment APIs.
“At Musoni, we firmly believe that the future of digitalization in financial services relies on the seamless integration of multiple technology solutions. This strategic partnership represents a significant milestone in our efforts to revolutionize and enhance the value of financial services in Asia. This integration significantly reduces time to market and integration costs for our customers, streamlining operations, enhancing customer experience, and expanding product offerings. Together with Brankas, we aim to unlock new opportunities and revolutionize the financial services landscape in Asia.” Said Casper Gottlieb Busch, Head of Global Sales at Musoni System.
Brankas is a global open finance technology provider. The platform provides 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 openings, remittances, and more.
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