Open Banking

Open Banking Progresses in Southeast Asia

The open banking landscape in Southeast Asia is witnessing significant advancements and initiatives. Financial institutions are increasingly acknowledging the benefits of open banking, fintech startups are embracing application programming interfaces (APIs) to introduce new solutions, and consumers are adopting digital

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From Compliance to Competitive Edge: The Open Finance Revolution in Asia

Asia’s financial sector is undergoing an evolution that promises to reshape the foundations of banking. At the heart of this transformation lies the concept of Open Finance – a paradigm shift that transcends traditional banking boundaries to usher in an

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StanChart Debuts Open Banking Marketplace for Digital Transformations

Standard Chartered announced today the introduction of its Open Banking Marketplace, a comprehensive platform designed to facilitate easier access to application programming interfaces (APIs) for both new and existing clients. The platform, which debuted at Money20/20 Asia in Bangkok, aims

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Brankas Claims to Be First to Secure Open Banking Data License in Indonesia

Southeast Asian open finance platform Brankas has reportedly become the first company in Indonesia to obtain a Payment Service Provider (PJP) Category 2 license for Account Information Services (AInS) from Bank Indonesia. This license allows Brankas to offer enhanced transparency

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How SGFinDex Drives Digital Transformation in Singapore’s Financial Sector

In a progressively digital world, the essence of open banking has found its way to the heart of Singapore’s financial ecosystem with the introduction of the Singapore Financial Data Exchange (SGFinDEx). This innovative data-sharing platform serves as a transformative tool,

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Open Banking in Asia Pacific: 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

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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

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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.

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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

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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,

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