Most Malaysians probably do not think of their finances as particularly complicated until they count how many places their money is kept.

Your salary might go into one bank, your emergency savings into another, while your credit card comes from somewhere else.

For EPF, well, you check that separately through KWSP, while an e-wallet or two handles much of your everyday spending.

Getting a full picture of your finances can already mean opening several apps.

A new Brankas whitepaper argues that the framework could allow banks and fintechs to build services using financial information held across different institutions, provided the customer agrees to share it.

Bank Negara Malaysia (BNM) laid out the regulatory foundations in its Open Finance Exposure Draft in November 2025, proposing a framework for permissioned sharing of customer information between financial providers.

Most people will probably care less about the APIs behind it than whether managing their money becomes easier.

Say your salary goes into one bank, some savings are kept in a digital bank and your credit card is with another provider.

Checking how much money you actually have means looking at each separately.

Open Finance could allow a participating financial provider’s app to retrieve information from other institutions, with your permission, and give you a wider view of your finances.

BNM has specifically identified a single account view and personal financial management as potential Open Finance use cases.

Its Exposure Draft proposes that mandated financial providers eventually allow customers to display information from accounts held with other providers through their banking apps.

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