Raising the Standards for ASEAN Banking with Open Finance | Brankas CEO Todd Schweitzer | Call 157

On Call with Insignia Ventures

In this week’s episode of On Call with Insignia, Brankas CEO and co-founder Todd Schweitzer returns after two years (check out our first conversation with him here) with the latest insights on open finance and Brankas’ progress in driving this transformation in the region.

But first, in case you’re not familiar: how does Brankas work?

As Todd puts it simply, “We work with tech companies, consumer and SME apps that are looking to have financial services integrations. We also work with the banks themselves to become suppliers of these products. That creates a marketplace where you have the institutions on one side and the tech companies on the other. Brankas is making it much easier for those two groups to connect.”

They provide services across Indonesia, the Philippines, Vietnam, and Thailand. In 2023, they expanded into MENA, particularly Bahrain, UAE, and Saudi Arabia, which we talk about more in part 2, coming out next week!

Timestamps

(00:00) Todd and Brankas’ Introduction;

(05:47) Opportunities for Open Finance in Southeast Asia: SME and Migrant Worker Banking;

(13:38) The Tradeoffs for Tech Companies Integrating Financial Services;

(18:04) Maturing Banking Experiences in Southeast Asia;

(22:08) Southeast Asia’s Developing Open Finance Regulation;

(25:26) Stay tuned for part 2 next week;

The content of this podcast is for informational purposes only, should not be taken as legal, tax, or business advice or be used to evaluate any investment or security, and is not directed at any investors or potential investors in any ⁠⁠⁠⁠⁠⁠Insignia Ventures⁠⁠⁠⁠⁠⁠ fund.