Monday,22 April 2024

Brankas' Mike Dickinson: “Our vision is to make modern financial services available to everyone”

5 min read

Mike Dickinson, COO and CPO of Brankas, emphasised the critical importance of consent and authentication in secure data exchange, highlighting the company's dedication to establishing open-finance security standards and growing its market presence in Southeast Asia and the Middle East.

Mike Dickinson, COO and CPO of open-finance fintech Brankas, is on a mission to make modern financial services universally accessible through innovation and collaboration. 

He explained the importance of consent and authentication in secure data sharing. The company works closely with central banks on risk and regulations. Two types of markets exist in the world of open finance, he said—the regulated markets in the UK and US, as well as non-regulated markets in some Southeast Asian nations. Brankas aligns with regulatory bodies to set open-finance security standards that extend to consent and authentication regulations that are built into the formal banking infrastructure. 

The adoption of open finance creates more access to loans, credit and debit cards, and bank accounts, reducing transaction costs and long waits for customers. Brankas provides an embedded finance experience that includes complementary products like virtual credit cards, insurance and investments. The company plans to deepen its market presence in Southeast Asia and continue its expansion in the Middle East, focusing on international remittance.


Keywords: Open-finance, Financial Services, Authentication, Consent, Central Banks, Regulatory Bodies, Regulated Markets, Non-regulated Markets, Loans, Embedded Finance, Market Expansion
Institutions: Brankas
Country: United Kingdom, USA
Region: Middle East, US, Southeast Asia
People : Mike Dickinson
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