Brankas Embarks on POC to Develop an Open-source Core Banking System for Southeast Asia

Brankas, Southeast Asia's leading Open Finance technology company, announced today that it was awarded the Monetary Authority of Singapore's Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant on 11 November 2021. The MAS FSTI POC grant provides funding support for experimentation, development, and dissemination of nascent innovative technologies in the financial services sector.

APIX Open Core is an open-source core banking system based on APIX platform. APIX was set up by AFIN (ASEAN Financial Innovation Network) in 2018 as the world's first cross-border, open-architecture API marketplace for collaboration between fintech and financial institutions. With APIX, participants can integrate and test solutions in a sandbox environment via a cloud-based architecture.