Open Banking
Payments Firm 2C2P Partners Brankas to Bring Open Banking to Indonesia
Brankas, an Indonesian open banking provider, announced a strategic partnership with payments firm 2C2P to introduce their modern open banking solution to Indonesia. Through Brankas‘ API integration, customers of 2C2P’s merchants will be directly connected to major Indonesian banks including
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The Future of Finance: How to Cope With Open Banking In Emerging Asia
For more than a decade, Asia has been the largest regional banking market and as the continent’s massive middle class continues to grow, McKinsey expects personal financial assets in the region to reach US$69 trillion by 2025, or 75% of
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Mambu: Significant Misunderstanding Hampers Open Banking Adoption
Most customers still don’t understand what open banking is and its benefits, a misunderstanding that’s hampering adoption, found a new survey by Mambu, a software-as-a-service (SaaS) banking platform provider. Out of 2,000 global banking customers surveyed, more than half (52%)
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State of Open Banking 2021: Indonesia
In this current era of digitalization and personalization, the concept of Open Banking has been rapidly disclosed among experts, and perhaps consumers. The term itself refers to a business model where data can be exchanged in order to be used
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India’s Open Banking Landscape Thrives on the Back of Digital Public Infrastructure
Pioneered by banking incumbents, India’s open banking ecosystem has grown to become part of the Indian financial landscape and is now among one of the most advanced in the world. The development of open banking in India has been facilitated
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Open Banking Makes Inroads in Vietnam
In Vietnam, banks are becoming increasingly aware of open banking and recognizing the need to embrace open APIs to keep up with the rapidly evolving financial landscape. So far, at least two local banks have launched developer portals and are
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The State Open Banking in Thailand in 2021
Though no legal regulation on open banking currently exists in Thailand, the government’s digital push with the Thailand 4.0 strategy, and the introduction the Personal Data Protection Act (PDPA) last year suggest a move to open banking frameworks is inevitable.
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The State of Open Banking in Australia in 2021
The introduction of the Consumer Data Right (CRM) on July 1, 2020 saw the launch of the first phase of open banking in Australia, marking the debut of a new era in the domestic banking sector. Now more than six
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Grab Ties up With Citi to Offer in-App Loans
Citi and Grab, South East Asia’s super app, have expanded their partnership in consumer lending with the launch of the bank’s first API-enabled lending capability in Asia Pacific. Beginning with Singapore with more markets in the region to follow, existing
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Open Banking, A Bigger Disruption Force to Incumbents Than Digital Banks: DBS
In Singapore, open banking developments may be a bigger disruption to traditional banks than digital banks, says DBS. The addressable loan market for Singapore’s upcoming digital banks is estimated to be worth between S$220 and S$243 billion, but despite the
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