In the context of Vietnam’s digital economy making a strong breakthrough, Singapore’s digital banking firm Brankas has officially announced a strategic partnership with Gimasys – a Vietnamese provider of digital transformation solutions.
This strategic combination will bring a comprehensive, safe and breakthrough Open Banking solution to the banking and finance industry (BFSI) in Vietnam, Brankas said in a statement on Tuesday.
The partnership comes as financial institutions face a dual challenge: they must comply with new regulations such as Circular 64/2024/TT-NHNN on Open API, while also accelerating the digital transformation process to maintain their competitive advantage.
The strategic alliance between Gimasys and Brankas is the optimal solution to these challenges.
Brankas’ market-proven open finance technology platform, with its regional leading stability and security, is now enhanced by Gimasys’ role as a “comprehensive technology connectivity partner for Banks”.
This combination becomes especially powerful as Gimasys brings a deep understanding of the Vietnamese market and extensive experience in integrating complex core systems, thereby “localizing” the most optimal solutions for each financial institution.
As a result, banks and financial institutions will shorten time to market, optimize operating costs, and most importantly – provide superior customer experiences.
“We are honored to have a strategic cooperation with Brankas – one of the pioneers of Open Finance in Southeast Asia,
“The combination of Gimasys’ comprehensive digital solution deployment capacity and Brankas’ leading API Banking technology will create breakthrough values for the finance and banking industry in Vietnam,” said Nguyen Thanh Son, Director of Banking Division at Gimasys.
“We believe that this cooperation will help financial institutions accelerate the digital transformation process, while bringing a more modern, flexible and secure open banking experience to users,” he added.
Meanwhile, Todd D. Schweitzer, Chief Executive Officer and Co-Founder of Brankas, said Vietnam holds immense promise in the open banking space, especially as regulatory frameworks continue to evolve.
“We are excited to join forces with Gimasys, a trusted digital transformation partner, to seize this opportunity and work closely with both banks and non-bank institutions to drive innovation and enhance customer-centric financial services,
“This collaboration embodies our shared vision of enabling Vietnamese banks to adopt open, interoperable ecosystems—ensuring regulatory compliance while unlocking new revenue streams through API monetization and supporting long-term, sustainable growth,” he added.
According to the statement, this collaboration goes beyond regulatory compliance and opens up opportunities for comprehensive innovation.
Beyond the technology, Gimasys and Brankas will also support banks and FIs with strategic advisory and regulatory alignment, ensuring that they meet compliance ahead of the SBV’s deadlines.
From automating payment flows to seamlessly integrating with API lifecycle management, third party partner management, consent frameworks, to data security practices – every step in customers and third party partners journey is optimized and improved beyond recognition.
In particular, this platform will help banks not only meet compliance requirements, but also turn challenges into sustainable competitive advantages.
With successful implementation experience in many Southeast Asian markets and flexible integration capabilities, solutions from Gimasys and Brankas will help Vietnamese financial institutions confidently enter the open finance era.
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