Global Finteq is thrilled to announce a groundbreaking partnership with Brankas to launch the Philippines’ first Software-as-a-Service (SaaS) platform for lending. This innovative platform will enable established banks, rural banks, and non-traditional financial institutions to lend at scale, moving beyond traditional channels like physical branches or websites.
Transforming Financial Platforms
Our new SaaS platform will allow any platform that manages customer funds to transform into a one-stop shop for new loan applications and in-app loan servicing. This not only enhances “platform stickiness,” encouraging users to transact more and increase their deposits, but also translates into significant revenue growth for both lenders and lending partners.
Leveraging Expertise and Cutting-Edge Technology
The platform leverages Brankas’ advanced multi-bank APIs and Global Finteq’s three decades of expertise in developing loan management solutions. Our APIs facilitate:
- Account Balance Sharing
- Credit Assessments
- Bulk Loan Disbursements
- Automated Loan Repayments
Together with our market-ready loan management platform, this partnership is set to accelerate digital lending in the Philippines.
A Win-Win-Win Solution
“Our joint SaaS platform represents a win-win-win for lenders, platforms aiming to offer an embedded finance experience, and both corporate and private borrowers,” said Todd Schweitzer, CEO and Co-founder of Brankas. “It’s particularly significant for non-traditional financial institutions aspiring to become lenders, as we help accelerate their journey to becoming lenders and onboarding new borrowers.”
Empowering Financial Inclusion
“This partnership marks a significant leap forward for financial services in the Philippines,” said Mike Yeoh, CEO of Global Finteq. “Our SaaS platform removes traditional barriers to entry, allowing a wider range of institutions to offer lending services. The secure data exchange and real-time access to financial services facilitated by Brankas and Global Finteq will empower underserved communities and foster financial inclusion across the Philippines” he added.
About Global Finteq
Global Finteq is a leading provider of SaaS-based financial technology solutions, catering to the specific demands of clients ranging from small businesses to large organizations. Our innovative technology, powered by artificial intelligence, enhances credit risk assessment and decision-making, leading to improved productivity and efficiency. By choosing Global Finteq as a trusted financial technology partner, enterprises can achieve remarkable outcomes in their financial operations.
About Brankas
Brankas is a leading global open finance technology provider, offering API-based solutions for financial service providers such as banks, lenders, and e-wallets. Brankas collaborates with banks to build and manage their open finance infrastructure, producing APIs for real-time payments, identity and data management, new account opening, remittances, and more. With Brankas’ secure open banking technology, fintech companies and digital banks can create new digital experiences for their users.
Looking Forward
The launch of this SaaS platform signifies a transformative moment in the Philippine financial sector. By integrating Global Finteq’s cutting-edge solutions with Brankas’ robust APIs, we are confident that this partnership will drive innovation and growth, fostering a more inclusive and efficient financial ecosystem.
