Finantier announces a strategic partnership with Visa to co-develop Open Finance products that power the next generation of digital and financial services across APAC.
Finantier, a leading Open Finance platform for Southeast Asia, today unveiled a strategic partnership with Visa, a world leader in digital payments. The partnership will see Finantier and Visa combining their capabilities to co-develop innovative new Open Finance products, with a focus on income prediction, consent management, and alternative credit scoring.
Finantier’s Account Aggregation, Credit Scoring, and Verification APIs enable financial freedom by putting data ownership into the hands of consumers. By building the technical infrastructure for financial freedom, Finantier’s single-integration, developer-friendly APIs power the next generation of digital and financial services through enhanced data portability and interoperability.
By co-developing new Open Finance products, Finantier and Visa will provide businesses across Asia Pacific with new tools to enhance and optimise existing operations, such as improving diligence and underwriting processes. In addition, Finantier and Visa will explore innovative ways to combine Finantier’s Open Finance platform with Visa’s data insights to deliver enhanced value to businesses and consumers. Finantier and Visa aim to launch their co-developed products across all markets in Asia Pacific, with an initial focus on Indonesia and the Philippines.
Diego L. Rojas, co-founder and CEO of Finantier, said, “This strategic partnership with Visa is a major milestone for Finantier. This partnership is not only a strong validation of Finantier’s vision and journey to date, but also catalytic to the development of the Open Finance ecosystem across Asia Pacific. Finantier is passionate about building products and services that deliver value to businesses and end-users, and we are delighted to have found like-minded partners in Visa.”
“With a mission of solving pain points, reducing friction, and removing barriers to scale, our partnership will bring smarter, easier, and more efficient solutions to market. As the fintech landscape and digital economy of Asia Pacific continues to grow and evolve, Finantier and Visa’s partnership signals a strong mutual commitment to enabling the broader ecosystem,” said Caroline Chen, Head of Strategy and Operations at Finantier.
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Finantier is part of our GIA Manila Acceleration Program Batch 3 which seeks to help Singaporean startups expand their market reach to the largest emerging market economies in Southeast Asia.
The GIA is an initiative of Enterprise Singapore (ESG), in partnership with IMDA. Comprising a network of Singapore and overseas partners in major innovation hubs and key demand markets, GIA programs focus on technology and innovation. Plug and Play is Singapore’s GIA Partner in Jakarta and Manila.
Find out more about our GIA Manila program here.