OPEN Finance technology leader Brankas has developed 'Brankas Open,' a first-of-its-kind open-source license for the next generation of banking-as-a-service and open finance software.

The Brankas Open license is meant to encourage digital banking and financial technology innovation, and lower the cost barriers for startups, neobanks and even traditional institutions to quickly prototype and launch new solutions while retaining their own source code. Customers will benefit from more choice and better user experience, as companies have open access to use, modify, redistribute and collaborate on the publicly available Brankas Open code.