back Back

Musoni & Brankas partner to simplify Corporate Financing in Asia

By Gloria Mathias

August 17, 2023

  • APAC
  • API based solutions
  • Asia
Share

Musoni, Microfinance, Brankas, Corporate Financing, APAC, Business Finance Solutions, NairobiMusoni 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.

Previous Article

August 17, 2023

Wirex taps Sumsub for Transaction Monitoring & Travel Rule solutions

Read More
Next Article

August 17, 2023

Recharge pilots B2B Service, enabling corporate gifting of prepaid products

Read More













IBSi Daily News Analysis

September 22, 2023

APAC

Banks can capitalize on new dynamics in a changing industry, study shows

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

September 22, 2023

6 FinTech tweets you should see!

Read More

September 22, 2023

CBI expands Name Check coverage via Swift’s pre-validation service

Read More

September 22, 2023

BankID BankAxept taps TCS to enhance Norway’s payment system

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

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