Indonesian Fintech Brankas Exceeds 10M Month-to-month API Calls with Over 80 Community Companions

Indonesia-based Brankas, an Open Banking providers supplier, lately revealed that it has managed to exceed 10 million month-to-month API calls with greater than 80 community companions.

The Brankas platform presently operates in over six totally different international locations and has teamed up with over 30 monetary establishments so as to deliver Open Finance to the Southeast Asian area.

Brankas provides open finance tech options to monetary establishments and on-line or all-digital companies throughout the Asia-Pacific area, constructing the realm’s provide of accessible monetary API merchandise. The corporate goals to make it simpler for on-line or digital companies to integreate embedded finance into their line of services.

The Brankas Open Finance Suite permits monetary establishments to launch their open API merchandise inside eight weeks or much less. Brankas’ aggregated information and funds APIs permit purchasers to profit from more sensible choice, flexibility, and safety whereas accessing fashionable monetary providers.

Brankas’ administration famous that they now provide round 80% market protection within the Philippines, Indonesia and Thailand. The corporate has additionally expanded its enterprise operations to Singapore, Vietnam, and Bangladesh.

Brankas was one of many 5 startups that was chosen to be part of the primary Visa Accelerator Program within the APAC area.

Komo, a digital banking service developed by East-West Banking Company (EastWest) (PSE: EW) within the Philippines, teamed up with Brankas in Could 2021, so as to help prompt in-app deposits.

By way of this partnership, Komo customers will be capable of immediately top-up their steadiness by way of the app.

Customers simply must enter the quantity they need to top-up and select a supply financial institution by way of Brankas’ safe (software program improvement package) SDK movement so as to deposit funds to their Komo accounts.

By way of Brankas’ fund switch APIs and financial institution integration suite, purchasers are in a position to obtain funds from their alternative of Philippines-based banks immediately within the app.

Todd Schweitzer, CEO of Brankas, said:

“At Brankas, we’re impressed with Komo staff’s ardour for his or her clients. Komo supplies a good looking, intuitive, and safe neobanking expertise, elevating the usual for Philippine shopper banking. At Brankas, we consider Filipinos ought to have extra alternative and suppleness in managing their hard-earned cash, and we’re excited to accomplice with Komo to introduce customer-centric Open Banking options.”