EastWest’s Digital Bank Komo Taps Brankas for Instant in-App Depositsby Fintech News Philippines May 27, 2021
Komo, a digital banking service created by EastWest Bank, has partnered with open banking solution provider Brankas to enable instant in-app deposits.
With this partnership, Komo users can now instantly top-up their balance directly from the app.
In order to do so, users can enter the amount they wish to top-up and select a source bank through Brankas’ secure SDK flow to deposit money to their Komo account.
Through Brankas’ secure fund transfer APIs and extensive bank integration suite, customers can receive money from their choice of Philippine banks instantly in the app.
Isabelle Yap, Business Lead at Komo said,
“Now, cashing in from the Komo app is more seamless and secure for our customers.
Instant in-app cash-in has been a widely requested feature for customers since we launched and we’re glad to finally launch this feature with Branka’s secure API integration while offering a wide variety of partner banks to choose from.”
Todd Schweitzer, CEO of Brankas remarked,
“At Brankas, we’re impressed with Komo team’s passion for their customers. Komo provides a beautiful, intuitive, and secure neobanking experience, raising the standard for Philippine consumer banking.
At Brankas, we believe Filipinos should have more choice and flexibility in managing their hard-earned money, and we’re excited to partner with Komo to introduce customer-centric Open Banking solutions.”