Open Banking
OCBC First to Integrate With IRAS to Enable Direct Payment of Taxes
OCBC Bank is the first in Singapore to collaborate with the Inland Revenue Authority of Singapore (IRAS) to enable customers to have a seamless review and payment of their income and property taxes within a single digital platform, according to
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What Does Singapore’s Open Banking Landscape Look Like in 2021?
Amid a rapidly changing financial landscape, incumbent banks must be open to innovation and explore opportunities to partner with non-banking partners for the benefit of their customers. One such way this can be accomplished is through the open banking system.
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Brankas Surpassed 10 Million Monthly API Calls With Over 80 Network Partners
Brankas, an Indonesian open banking solution provider, announced that it has recently surpassed 10 million monthly API calls with over 80 network partners. The platform now operates in more than six countries and has partnered with more than 30 financial
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Open Finance Startup Finantier Raises Undisclosed 7-Figure Seed Funding
Finantier, an Indonesian open finance API platform, has raised an undisclosed 7-figure sum in a seed funding round led by Global Founders Capital and East Ventures. The round was oversubscribed, and funds were raised at a post-money valuation of more
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AFIN and R3 to Launch New Digital Currency Sandbox to Test CBDC Apps
The ASEAN Financial Innovation Network (AFIN) has partnered with R3, an enterprise blockchain software provider, to enable banks and fintechs to build and test Central Bank Digital Currency (CBDC) applications and drive its innovation and adoption globally. AFIN is a
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Wise Goes Live on Temenos for Transparent, Real-Time Remittance to Banks Worldwide
Swiss banking software company Temenos announced that Wise, a London-based online money transfer service formerly known as TransferWise, is now live on Temenos MarketPlace. The Temenos MarketPlace comprises over 50 curated fintech solutions, enabling Temenos’ clients to innovate and differentiate
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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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