Brankas and Boost Capital transforms lending in Southeast Asia with chat-based loans

Digital Reinvention
07/08/2024News

Brankas and Boost Capital have introduced LoanLink, Southeast Asia's first chat-based lending solution, setting a new standard for digital lending in the region. LoanLink offers a user-friendly, fully digital loan application process through popular chat platforms like Facebook Messenger, Telegram, and WhatsApp, allowing customers to apply for loans anytime, anywhere.

Digital Reinvention
15/07/2024Article

Financial Innovation Spotlight – July 2024 edition

LoanLink simplifies the lending process by eliminating manual procedures, complex integrations, and incomplete applications. The platform allows traditional banks, fintechs, and other financial institutions to offer seamless, chat-based loan applications, broadening their market reach beyond physical branches. This innovative approach not only enhances customer convenience but also reduces operational costs.

Todd Schweitzer, CEO of Brankas, expressed excitement about LoanLink’s potential to transform the lending landscape. “Fintechs and businesses can now easily enter the lending space by leveraging this out-of-the-box platform, leveling the playing field and empowering borrowers to choose the best lender based on user experience and rates.”

The LoanLink process is straightforward: applicants begin by applying via chat, complete electronic Know Your Customer (eKYC) procedures, upload necessary documents, and link their accounts. Approval is granted within minutes, and borrowers can manage repayments through the same chat interface, significantly improving borrower satisfaction and operational efficiency.

LoanLink is the result of a partnership between Brankas and Boost Capital, combining Brankas’s advanced open banking APIs with Boost Capital’s white-labeled tech platform. Together, they deliver a comprehensive solution that enhances the borrower experience while providing financial institutions with the tools needed to succeed in a rapidly evolving market.

Gordon Peters, CEO of Boost Capital, highlighted the significance of this collaboration, noting that it equips banks and fintechs with cutting-edge digital lending tools in today’s competitive landscape.

Related news & insights

Digital Reinvention
03/05/2025News

ANZ breaks ground with Australia’s first password-less web banking

Launching mid-2025 through its ANZ Plus platform, the new feature will allow customers to log in without entering a password—streamlining...

Digital Reinvention
01/05/2025Article

Financial Innovation Spotlight – April 2025 edition

Here are five standout projects that grabbed our attention, from AXA in France, Maybank in Malaysia, Westpac in Australia, Assurant...

Digital Reinvention
30/04/2025Article

What banks need to know to prepare for the impacts of the FiDA regulation

The EU’s proposed Financial Data Access (FiDA) framework promises transformative impacts for banks and other financial institutions.

SME Banking
30/04/2025News

Wirex unveils new banking platform tailored for Web3 and crypto businesses

The platform delivers a full suite of financial tools to help these businesses manage their operations securely and efficiently in...

Digital Reinvention
23/04/2025Article

Innovation of the Month: Financial insights from Alvie, Desjardins’ AI assistant

This month’s Qorus Innovation in Banking award goes to Desjardins for Alvie, their new in-app virtual assistant, which takes a...

Mobility
23/04/2025News

Drivalia launches flexible car subscription service in Italy

Targeted at both private individuals and self-employed professionals, the service aims to provide an alternative to traditional car ownership and...

21/04/2025Interview

At work with João Dias

João Dias, Transformation Director at Novobanco, will speak at the Reinvent Forum Vienna 2025 (13–15 May 2025) to present the...

Digital Reinvention
21/04/2025News

Robinhood unveils new suite of financial tools for gold members

Innovative offerings aim to make wealth management, banking, and investing more accessible