Southeast Asian open finance platform Brankas introduced that it has obtained fee licenses from Financial institution Indonesia (BI) and the Bangko Sentral ng Pilipinas (BSP).
The agency managed to safe the Fee Service Supplier (PJP) Class 3 license in Indonesia and the Operator of Fee Methods (OPS) registration within the Philippines.
The funds licenses equip Brankas to supply end-to-end open finance infrastructure to its financial institution companions, from native and cross-border funds, to new banking-as-a-service options like account opening and card issuing.
With over 100 enterprise companions worldwide, Brankas’ fee APIs are utilized by corporations providing e-wallets, on-line procuring checkout, lending companies, insurance coverage, and wealth administration.
Todd Schweitzer
“We perceive how essential belief is to our prospects, that’s why it will be significant that we maintain ourselves to the very best requirements of safety. As a number one open finance firm globally, Brankas owes it to our prospects to not solely reveal compliance to internationally recognised frameworks, but additionally to contribute to the evolving danger administration framework for fee programs worldwide.”
mentioned Todd Schweitzer, CEO and Co-founder of Brankas.
Husni Fuad
“Brankas is proud to acquire the PJP license, which confirms our dedication to information safety and privateness for each our prospects and companions. As we develop our record of embedded finance choices to assist our prospects, we wish to be sure that we offer the widest financial institution protection within the nation.”
mentioned Husni Fuad, Nation Supervisor of Brankas Indonesia.
