SINGAPORE, Jan. 26, 2023 /PRNewswire/ Brankas,the leading global open finance technology provider, and Element Inc , the privacy-led, modern AI pioneer in digital identity services, today announced a strategic partnership to introduce an additional layer of security to detect potential frauds. In Southeast Asia, one in every three people experienced online fraud amidst this digital transformation last year. Meanwhile, online fraud emerged as a top critical enterprise risk for Southeast Asia-based businesses. This was on top of the US$260 million that they already lost in 2019 to digital fraud.[1] Brankas, the comprehensive Open Finance API platform stand to revolutionize the growth of the MSMEs in the Asia-Pacific region and provide financial access to the underserved while protecting consumer data, confidentiality, and financing via its products and services. Element can play the critical role of the identity verification layer for Brankas' Open Finance Products such as Brankas D
Brankas, a leading Open Finance technology provider, has been appointed by Visa as its first regional partner to provide live access to its Open Data products. For months, the two companies have been collaborating on data and money movement initiatives, where they had been leveraging each other's e
SINGAPORE, Oct. 27, 2022 /PRNewswire/ Brankas, a leading Open Finance technology provider, has today announced that it has gone live with Visa to unveil a new Open Finance solution to increase financial inclusion across Southeast Asia, citing TrustDecision (Tongdun) and IziData as two of the pilot customers already using the joint solutions. Visa and Brankas Unveil New Open Finance Products Brankas has successfully integrated Visa Cardholder Transaction Score (VCTS) and Visa's broad range of payment rails into its core solutions to deliver new out-of-the-box credit decisioning and payment products. Appointed by Visa as the first partner regionally to provide live access to its Open Data products, Brankas will enable financial institutions to utilize the transaction data available today to immediately improve their solution offerings. Digital banks, BNPLs, alternative lenders, ecommerce platforms, and Insurtechs seeking to enhance their credit decisioning capabilities can now get a
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Brankas, the leading open finance technology company in Southeast Asia, alongside Kaya Founders, an early-stage investment firm that backs visionary entrepreneurs in the Philippines and Southeast Asia, jointly launched the inaugural Open PHinance Challenge earlier this week. It is an 8-week accele