Brankas, an open finance platform supplier, has partnered with Vietnam-based know-how agency Gimasys to ship open banking options for the nation’s monetary sector.
The collaboration goals to assist banks and monetary establishments adjust to new rules and speed up their digital transformation efforts.
The partnership comes because the State Financial institution of Vietnam introduces new necessities for open APIs.
Brankas brings its open finance infrastructure and safety experience, whereas Gimasys contributes deep native market data and expertise integrating core banking techniques.
The joint platform will assist automated fee flows, API lifecycle administration, third-party associate integration, consent frameworks, and information safety.
It’s designed to assist establishments localise options, shorten time to market, scale back operational prices, and enhance person expertise, whereas assembly compliance forward of SBV deadlines.
The collaboration additionally consists of strategic advisory companies to assist regulatory alignment.
Each corporations have carried out related initiatives throughout Southeast Asia and plan to tailor their choices to the particular wants of Vietnamese monetary establishments.
Nguyen Thanh Son, Director of Banking Division at Gimasys, mentioned,
“The mix of Gimasys’ complete digital resolution deployment capability and Brankas’ main API Banking know-how will create breakthrough values for the finance and banking trade in Vietnam.
We imagine that this cooperation will assist monetary establishments speed up the digital transformation course of, whereas bringing a extra trendy, versatile and safe open banking expertise to customers.”
Todd D. Schweitzer, CEO and Co-Founding father of Brankas, mentioned,
“We’re excited to affix forces with Gimasys, a trusted digital transformation associate, to grab this chance and work intently with each banks and non-bank establishments to drive innovation and improve customer-centric monetary companies.
This collaboration embodies our shared imaginative and prescient of enabling Vietnamese banks to undertake open, interoperable ecosystems—guaranteeing regulatory compliance whereas unlocking new income streams via API monetisation and supporting long-term, sustainable development.”
Featured picture: Richa Valechha – consultant of Brankas and Nguyen Thanh Son – consultant of Gimasys on the strategic cooperation signing ceremony