Open Banking in Singapore and South East Asia
Open Banking
Open Banking in APAC: Market-Led vs Regulator-Led Approaches
Open banking is steadily making its way into Asia-Pacific (APAC), and though the industry remains largely nascent compared with pioneers like to European Union, adoption is increasing at a stable pace, enabled by new regulatory frameworks and market-led initiatives. A
Read More
Brankas Scores Payment Licenses in the Philippines, Indonesia
Southeast Asian open finance platform Brankas announced that it has received payment licenses from Bank Indonesia (BI) and the Bangko Sentral ng Pilipinas (BSP). The firm managed to secure the Payment Service Provider (PJP) Category 3 license in Indonesia and
Read More
Tazapay Offers Open Banking Payments in Europe Through Volt Tie-up
Singapore-based cross-border payments firm Tazapay has partnered with real-time payments gateway Volt to add open banking to its growing stack of payment offerings. This is in line with its plans to accelerate its international growth across the UK and Europe.
Read More
Singapore’s Appetite for Open Banking Is at an All-Time High, Finastra Survey Shows
Open banking is now universally and unequivocally regarded as a key part of a bank’s landscape, according to a global research by financial services software and cloud solutions provider Finastra. The ‘Financial Services: State of the Nation Survey 2022’ found
Read More
Indonesia’s Open Finance Scene Heats Up as Consumer Interest Heightens
In Indonesia, consumers are showing high levels of awareness and interest in open finance and embedded fintech, with most people agreeing that sharing their data allows them to be provided with better products and services, as well as tailored recommendations,
Read More
Sacombank Chooses Swiss Firm Temenos to Elevate Digital Banking
Sacombank, one of the largest banks in Vietnam has selected Temenos Infinity to elevate digital banking and deliver a seamless omnichannel experience to retail and business customers. The bank has a customer-centric business strategy and plans to introduce fully digital
Read More
Embedded Finance vs. BaaS in Financial Services
In recent years, the financial services industry has undergone a significant transformation. Traditional financial institutions face new competition from startups leveraging technology to offer innovative financial products and services, broadly referred to as the fintech landscape. But there is a
Read More
Singaporeans Can Now View Their Insurance Data on SGFinDex
Individuals can now digitally access and aggregate information on their life, accident and health insurance policies by participating insurers, the Monetary Authority of Singapore (MAS) and Smart Nation and Digital Government Group (SNDGG) announced today. Policyholders can access the information
Read More
Embedded Finance Firm Weavr Expands to Singapore
Weavr is setting up in Singapore as part of its efforts to make embedded financial services available to any digital business. The official launch was held at the Singapore Fintech Festival 2022, where Weavr is part of the United Kingdom
Read More
Brankas and CRIF Launch a Credit Scoring System for Borrowers With No Credit History
Southeast Asian open finance platform Brankas and credit solutions provider CRIF have launched the New Evaluation Open Suite (N.E.O.S), a credit scoring system which analyses alternative data sources. Under the partnership, Brankas will enable the collection of bank statement and
Read More