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Brankas Blog

Get the latest industry insights on Open Banking and FinTech trends, and about Brankas.

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Open Finance August 23, 2021
What open banking means for MSME merchants in Indonesia

Indonesia is known for its beautiful nature - from beautiful beaches, idyllic sceneries, incredible marine life and dive spots to friendly and welcoming people. However, it is unknown to many that the nation has a whopping 63 million entrepreneurs or Micro, Small and Medium Enterprises (MSMEs), which is equivalent to 22.5% of the country’s almost 280 million-strong population.

Open Finance August 23, 2021
What open banking means for MSME merchants in Indonesia

Indonesia is known for its beautiful nature - from beautiful beaches, idyllic sceneries, incredible marine life and dive spots to friendly and welcoming people. However, it is unknown to many that the nation has a whopping 63 million entrepreneurs or Micro, Small and Medium Enterprises (MSMEs), which is equivalent to 22.5% of the country’s almost 280 million-strong population.

Open Finance August 16, 2021
What value does open banking bring to banks?

Open finance enables banks to expand access to underserved customers by lowering the cost of customer acquisition and onboarding. However, it is often costly to service customers in developing economies due to limited data for verification, high operational costs due to manual processes, and prohibitive cost barriers in rural areas with weak infrastructure.

Hubs August 04, 2021
5 steps to prepare for your next User Interview

You’ve got your brief and you’ve decided you’re going to do a user interview (or In-Depth Interview as some may call it). Now what? For seasoned UX researchers the next steps might seem clerical, but it’s not without its own strategies to make sure you’ll end up with rich findings. Here are some things that we need to prepare before a user interview.

Open Finance August 04, 2021
What is open finance? How does it matter to me?

You may or may not have heard about open finance but unknowingly, you must have experienced it, especially during this pandemic. Financial transactions have to be done during lockdowns and quarantines. Whilst staying home, you may realise that you are still utilising ride-hailing applications such as Grab or Gojek for other services like meal deliveries, groceries, courier services and even financial management like purchasing insurance and investment. Those applications now serve as an embedded finance that is powered by open finance! Let’s dive deeper on how we’ve transitioned to open finance and what it means for end users like you and me.

Product July 21, 2021
How to launch a product during a pandemic

This pandemic has taught us to be resilient and adaptable in how we live our days. As we look forward to an endemic, our resident Product Manager, Marco Palinar shares how his team tackles the challenges faced to launch a product during the pandemic by leveraging on design.

Product July 19, 2021
Getting Started with Brankas

Open banking and open finance are buzzwords in fintech but what is it? We invite you to experience open finance on Brankas Dashboard. We listed 5 easy steps to get you started and testing on Brankas APIs.

Product July 13, 2021
How to complete a transaction on Brankas Direct

Sometimes, completing payments on different apps and platforms can be confusing. With a plethora of available shopping, bills payments, and financial apps, who knows what the real steps are? As online consumers, we’re all just trying to follow the breadcrumbs to be able to complete a transaction. And in some cases, those breadcrumbs are vague.

Product June 28, 2021
Distributed Tracing: The story of API request

In the modern world, software application development has changed tremendously, which leads to the complex deployment of applications in production. This eventually leads us to hundreds and thousands of services to keep the large-scale applications running. So how do we understand the journey of an API request?

Company June 22, 2021
We reach over 10 million monthly API calls, 80 partners

Brankas, Southeast Asia’s Leading Open Finance technology company, recently surpassed 10 million monthly API calls with over 80 network partners. Led by a vision to make modern financial services available to everyone, Brankas now operates in more than six countries and has partnered with more than 30 financial institutions to bring Open Finance to the region.

Hubs June 09, 2021
Humans of Brankas Spotlight: Chad Kunde

From being a Marine to a high-caliber Systems Engineer, Chad Kunde has come a long way from his humble beginnings on his family’s farm in Iowa. Growing up with 3 sisters, you can only imagine the chaos!

Product May 21, 2021
Introducing Brankas Direct

Accepting online payments from customers through your platforms might be one of the most important things to consider. Fortunately, there are plenty of online payment providers - ranging from card payment, eWallets, to virtual accounts. But how do you know which is right for your business needs? In this article, we are introducing Brankas Direct. A seamless, faster, cheaper, and secured payment solution for your business. Fully powered by Open Banking technology.

Hubs April 30, 2021
Humans of Brankas Spotlight: Anik Islam

Originally from Bangladesh, Anik came to Singapore for his undergrad studies at the National University of Singapore. A Biomedical Engineering graduate, passionate about academic research, and has vast experience in areas like 3D printing, cancer cell study; even co-authored papers in peer-reviewed scientific journals! With a career path set in scientific research, how did this young achiever end up at Brankas, his takeaways from working for a fintech startup, and some life lessons for his peers.

Hubs April 28, 2021
Exploring UX Misconceptions

This article aims to explore some misconceptions that are commonly encountered in the field of Design and User Experience, as well as philosophies the Brankas team uses to achieve our ultimate north star.

Product, Open Finance, Company April 27, 2021
Brankas and 2C2P bring Open Banking in Indonesia

Asia’s leading full-suite payments platform has partnered with Brankas to enable API-enabled direct bank transfer payments for Southeast Asian businesses of all sizes. Launching first in Indonesia and soon, the Philippines, 2C2P and Brankas plan to introduce their modern Open Banking solution across the region.

Hubs April 05, 2021
Humans of Brankas Spotlight: Hanny Meiriza

The Brankas community is ecstatic to have Hanny lead our Human Resources team! We had a chance to catch her bubbly and confident personality for this feature. In this month’s HuBs spotlight, we give her a warm Brankas virtual hug and get to know her, her quirks, her insights, and her plans for Brankas a little bit more.

Product, Open Finance March 18, 2021
Proxtera’s Global Open API Portal Goes Live!

Proxtera is a new global trading network for the connected age: empowering wholesale marketplaces to discover new buyers and sellers around the world, transact securely, and access a range of financial and logistics services to support a successful trade. With support from the Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority (IMDA)’s Business Sans Borders (BSB) initiative, Proxtera is creating a new online economy for global trade.

Open Finance February 17, 2021
Open Banking Readiness Report, 2020

Open Banking has been chief among FinTech buzzwords since at least 2015. And, more recently, with COVID-19 shutting down branches and forcing retail and corporate customers to shift operations online, banks have been hard-pressed to meet customers’ demand for Open Banking APIs. As such, banks and other financial institutions have announced efforts to build new Open Banking APIs and systems for the “touch-less” world created by COVID.

Hubs November 10, 2020
Humans of Brankas Spotlight: Krizelle Lazatin

This month, we feature Krizelle Lazatin, our go-getter Human of Brankas (HuB) who is responsible for leading and pushing our Sales and Business Development efforts to new heights.

Company November 05, 2020
Managing Performance in a Remote Workplace

For millions of employees globally, working from home is the new normal. Our biannual Performance Review is one of our tried-and-tested techniques for ensuring that our colleagues are aligned with our vision to make modern financial services available to everyone.

Hubs October 15, 2020
Women Who Code: Ria Cataquian

This month, we recognize the complex world of Tech and Coding, and one Brankas lady who powers through this chaos gracefully. Ria Cataquian grew up wanting to become a medical professional or take up Conservatory of Music. It wasn’t too long until she realized she needed to put that dream to the side, and think of a more sensible path.

Open Finance, Company September 29, 2020
The State of Open Banking in the Philippines - A Joint Webinar by Brankas and FMAP

Last September 17, Brankas and the Fund Managers Association of the Philippines (FMAP) hosted a first-of-its-kind event to educate financial services professionals on the opportunity of Open Banking. Titled “The State of Open Banking in the Philippines and Lessons from the Global Market”, the event was well-attended by over 200 members of FMAP.

Hubs September 14, 2020
Humans of Brankas Spotlight: Marco Palinar

Marco Palinar is proof of how sometimes, life sends you on a path, different from what you set out for yourself. The Brankas spotlight turns on for our resident UI/UX guy, all-around-design-master, Pay Product Manager, rockstar, and sneakerhead- Marco. He gets candid about his beginnings, his career evolution, and his Brankas baby - Pay.

Open Finance September 14, 2020
Open Banking in Indonesia: Unlocking New Fintech Opportunities

In recent years, there has been a push for tighter Open Banking regulations in Indonesia, and the government has unveiled the Indonesia Payment System Vision 2025 that opens up countless opportunities to weave Open Banking practices into the business model of many companies.There is a need to provide services that are accessible, low cost, and reliable, allowing any business to easily integrate technologically-reliant services into their platforms.

Open Finance July 15, 2020
South-east Asia’s Open Banking Landscape

Open Banking might be a hard pill to swallow, but it can bring about many benefits that are not met with today’s financial system, including improving customers' financial health by allowing them to view their financials in one place, to gain insights on their spending habits, to make payments efficiently from one place, etc. To realize this vision, participation from regulators, banks, and startups is a requirement rather than a nice-to-have.

Hubs July 07, 2020
Humans of Brankas Spotlight: Michelle Christine

Michelle Christine: Next Generation People Operations Associate - She talks about her beginnings, her love for people and culture, and where she’s taking the future of Brankas recruitment.

Hubs, Company July 07, 2020
Managing an Effective Global Workforce

We have been operating as a remote-first company from our founding in 2016 and we have learned some remote-work best practices over the years. Outlined below are what worked for us and what we are still working on when it comes to remote-working.

Product July 02, 2020
Brankas Statement: On-Demand Financial Transaction Data

Brankas Statement provides a verified, accurate, secure, and instant statement retrieval. Lenders can instantly access customers' financial transaction data, identity data, and real-time account balances. Brankas Statement integrates seamlessly with a lender’s mobile application or website, eliminating the need for paperwork, branch visits, or manual data entry.

Hubs May 06, 2020
Humans of Brankas Spotlight: Mike Dickinson

Mike joined Brankas this year and is leading the team full steam ahead. He grew up in Indonesia and Australia and believes his diverse background contributes greatly to how he breaks down and solves problems. Mike has always been passionate about finding solutions that help people. That’s his philosophy and CPO mission.

Open Finance April 28, 2020
Branches are closed. How can banks attract new customers?

Banks in Southeast Asia rely on retail branches to serve existing customers and bring in new ones. Since the COVID-19 pandemic began, banks have scaled down their branch networks to protect their employees, comply with local restrictions, and simplify logistics like cash collection. At the same time, retail and corporate customers are counting on digital banking services more than ever. How are banks addressing the sudden change in demand?

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