Download a copy of The State of Open Banking in Southeast Asia (2024)

In 2024, the landscape of Open Banking in Southeast Asia will reflect a dynamic and evolving ecosystem. Across the region, efforts to embrace Open Banking principles are gaining momentum, though the pace varies among countries.

Financial institutions in Southeast Asia are increasingly recognising the potential advantages of Open Banking, including improved customer experiences and access to innovative financial products. Many banks are proactively developing APIs and forming partnerships with fintech firms to capitalise on these opportunities.

Key highlights include:

• The Open Banking Landscape in Thailand, Singapore, Malaysia, Indonesia, Philippines, and Vietnam
• The role and opportunities in embedded finance and open source technology for financial institutions
• Security & privacy through self-sovereign banking