{"id":107341,"date":"2023-07-28T21:18:38","date_gmt":"2023-07-28T14:18:38","guid":{"rendered":"http:\/\/www.thestorythailand.com\/?p=107341"},"modified":"2023-07-28T21:18:45","modified_gmt":"2023-07-28T14:18:45","slug":"appsynth-and-brankas-team-up-to-advance-banking-as-a-service-in-southeast-asia","status":"publish","type":"post","link":"https:\/\/www.thestorythailand.com\/en\/appsynth-and-brankas-team-up-to-advance-banking-as-a-service-in-southeast-asia\/","title":{"rendered":"Appsynth and Brankas team up to advance Banking-as-a-Service in Southeast Asia"},"content":{"rendered":"\n<p>Brankas and Appsynth have announced an exclusive strategic partnership in Thailand to drive technology innovation in the financial services industry. The collaboration between Brankas&#8217; cutting-edge financial technology platform and Appsynth&#8217;s expertise in mobile and web application development will help financial service businesses in emerging markets to accelerate the release of new open finance solutions.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.macquarie.com\/au\/en\/perspectives\/delivering-digital-financial-inclusion-in-southeast-asia.html\">About 70% of the population in Southeast Asia<\/a> are underbanked and unbanked. Brankas is integrated with more than 100 enterprise partners to help emerging market consumers connect to the top banks and fintechs for e-wallet top-ups, loan and salary payments, and money transfers. Appsynth is Thailand\u2019s leading digital innovation consultancy, creating successful digital products for market leaders including 7-Eleven, LINE, Sansiri, Honda, Rabbit and Kasikorn. The partnership is expected to facilitate fast and secure API connectivity to unlock banking-as-a-service offerings including virtual bank accounts and credit cards, instant payments at scale, additional eKYC methods, and Buy-Now-Pay-Later (BNPL).<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"433\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" src=\"https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2023\/07\/Resize-Appsynth-Brankas.jpg\" alt=\"Appsynth and Brankas team up to advance Banking-as-a-Service in Southeast Asia\" class=\"wp-image-107342\" srcset=\"https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2023\/07\/Resize-Appsynth-Brankas.jpg 750w, https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2023\/07\/Resize-Appsynth-Brankas-300x173.jpg 300w, https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2023\/07\/Resize-Appsynth-Brankas-150x87.jpg 150w, https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2023\/07\/Resize-Appsynth-Brankas-696x402.jpg 696w, https:\/\/www.thestorythailand.com\/wp-content\/uploads\/2023\/07\/Resize-Appsynth-Brankas-727x420.jpg 727w\" \/><\/figure>\n\n\n\n<p>According to Brankas, creating a banking-as-a-service solution with traditional tech and consulting firms can take at least one to two years because of the tedious infrastructure migration required. Brankas and Appsynth can now help reduce the time-to-market by at least 40% with their hybrid, cloud, or on-prem API infrastructure and out-of-the-box developer portal.<\/p>\n\n\n\n<p>\u201cThere is a perception that slower is safer, which penalizes professionals and vendors that have developed more modern and efficient processes. With the rise of digital banks and fintechs, businesses that can reach customers before their competitors are the ones that gain the most market share,\u201d said Sarah Huang, Regional Director of Sales, Brankas, adding that \u201cAppsynth has consistently demonstrated the ability to create intuitive and impactful applications used by the masses, and we look forward to developing open finance solutions that enable anyone to have access to modern financial services.\u201d<\/p>\n\n\n\n<p>\u201cAppsynth and Brankas are committed to creating a more connected, accessible, and user-centric financial ecosystem in Southeast Asia. Brankas\u2019s open finance technology has been used in applications as diverse as telemedicine, tollways, e-wallets, and lending,\u201d said Robert Gallagher, CEO, Appsynth. \u201cIncreasingly large consumer businesses are enhancing their core offering with complimentary financial services. Combining Appsynth and Brankas\u2019 expertise will help clients and other financial institutions build embedded finance and banking-as-a-service solutions that deliver impact for both their customers and their business,\u201d he added.<\/p>\n\n\n\n<p>Brankas\u2019 extensive market coverage in Southeast Asia will help Appsynth to expand its geographic reach to countries such as the Philippines and Indonesia.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.thestorythailand.com\/en\/20\/07\/2023\/106708\/\">Thai central bank, SEC work towards regulatory clarity for digital assets ecosystem<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.thestorythailand.com\/en\/19\/07\/2023\/106665\/\">LINE BK reports strong growth in first half of 2023<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brankas and Appsynth have announced an exclusive strategic partnership in Thailand to drive technology innovation in the financial services industry.<\/p>\n","protected":false},"author":8,"featured_media":107344,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[117,13940],"tags":[17762,20558],"class_list":["post-107341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en","category-finance","tag-appsynth","tag-banking-as-a-service-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Appsynth and Brankas team up to advance Banking-as-a-Service in Southeast Asia<\/title>\n<meta name=\"description\" content=\"Brankas and Appsynth have announced an exclusive strategic partnership in Thailand to drive technology innovation in the financial services industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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