Indonesia
Indonesia’s Bank Agro appoints Kaspar Situmorang as CEO, to build neobank
Bank Agro will build on app Pinang's clientele to build a digital-only bank.
Indonesia’s Bank Agro appoints Kaspar Situmorang as CEO, to build neobank
Bank Agro will build on app Pinang's clientele to build a digital-only bank.
Indonesia upturns payments market with new foreign-friendly rules
The new regulations reduce the number of licenses and makes clinching foreign capital easier.
Indonesia upturns payments market with new foreign-friendly rules
The new regulations reduce the number of licenses and makes clinching foreign capital easier.
Indonesia’s Bank BRI to offer digital banking, lending products in Bukalapak
This comes after the bank’s venture capital arm invested in the company.
BRI's open banking initiative clears $3b of sales in 2020
This marks a 290% annual growth for BRIAPI.
DBS provides $60m structured trade facility to Indonesia petrochemical producer
Chandra Asri aims to expand export growth of petrochemical products from the country.
Fintechs' latest acquisitions hint at ASEAN banking sector shake-up
But they are unlikely to pose a challenge as newcomers and incumbents target different clients.
Shopee parent Sea acquires Indonesia's Bank BKE
The tech startup has raised $3b in stock offering for its business expansion plans.
Indonesia's BRI to raise $1b in rights issue
It wants to strengthen its capital base for possible acquisitions.
Indonesia's Bank Mandiri face lower margins, climbing NPLs
The lender’s net interest margin contracted by 65 bp in H1 2020.
Indonesia's Ayoconnect raises $5m in pre-Series B funding round
The fintech firm hopes to build an open bill network in the country.
UOB floats TMRW in Indonesia
The digibank was first rolled out in Thailand in 2019.
Recession hounds APAC financial firms as pandemic batters credits
The outbreak will permanently reduce the economy by 2-3%.
Taiwan's Cathay Financial Holdings mulls raising stake in Indonesian bank
It may complete its due diligence next week.
Indonesia widens deposit insurer's role in banking system
It will assist in supervising banks under 'intensive supervision' status.
How Indonesia's biggest bank is pushing MSMEs to go international
Bank BRI recorded $33.5m in transaction value from local MSME exports in 2019.
Bank Central Asia, Cloudera partner for data and machine learning
The banks hopes to streamline processes and protect clients from fraud.
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1. DBS and OCBC expected to deliver steady Q1 net profits 2. HK-based fintech KPay expands operations to Singapore 3. Endowus launches full-service digital wealth platform in Hong Kong 4. SC Ventures, ENGIE Factory back conservation financing venture 5. Citi names Amit Dhawan as head of CCB SingaporeAwards
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