Arab Financial Services partners with Brankas

Arab Financial Services (AFS) has appointed Brankas, a Singapore-based fintech, to provide new Open Finance infrastructure in the Middle East and Africa.

Brankas is a Southeast Asian-based provider of Open Finance technology with a well-established presence and banking network. The 2016-founded Series B fintech collaborates with organisations including Bank OCBC NISP, BDO, and BCA, among others, and works with over 90 clients to offer embedded finance solutions that promote financial inclusion throughout the world.

Through this new partnership with AFS, Brankas will encourage more inclusive financial services in nations like Bahrain, the UAE, Saudi Arabia, and Egypt by bringing its Open Finance practices there. The APIs that will be made available through the AFS platform are crucial in enabling tech platforms to provide fundamental financial services including credit scoring, payroll disbursement, account-to-account (A2A) payments, and new bank account openings.

Considering the collaborations with Visa, CRIF, and McKenzie in 2022, Brankas sees this as its breakthrough…

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