What's Happening?
Tingee by HENO, a Vietnamese fintech company, has been awarded the Vietnam Technology Excellence Award for API - Financial Technology at the Asian Technology Excellence Awards 2025. The award recognizes Tingee's BankHub Open API platform, which offers a comprehensive suite of banking service APIs and integrates essential financial services for businesses. Tingee partners with over 12 leading banks in Vietnam and more than 10 providers of tax, accounting, and other financial services. The platform is utilized by over 70,000 merchants daily, enhancing financial management efficiency and reducing manual processing. Tingee aims to become a comprehensive Neobank by expanding its network and entering other Southeast Asian markets by 2026.
Why It's Important?
The recognition of Tingee by HENO at the Asian Technology Excellence Awards highlights the growing importance of open banking platforms in the financial technology sector. By providing a unified solution for financial services, Tingee is positioned to significantly impact the efficiency and effectiveness of business operations across various industries. The platform's ability to streamline financial workflows and improve cash flow management is crucial for businesses seeking to optimize their operations. As Tingee expands its reach, it could play a pivotal role in shaping the future of banking in Southeast Asia, offering innovative solutions that cater to the evolving needs of businesses and consumers.
What's Next?
Tingee by HENO plans to continue developing its platform and expanding its network of integrated partners to enhance its BankHub ecosystem. The company is also looking to enter other high-potential Southeast Asian markets by 2026, which could further solidify its position as a leading provider of open banking solutions. As Tingee grows, it may face challenges related to regulatory compliance and competition from other fintech companies, but its innovative approach and strong partnerships could help it navigate these obstacles successfully.
