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Validus’ Indonesian Arm Batumbu Granted Digital Lending License From OJK
Validus’ Indonesian subsidary Batumbu has received regulatory approval to operate as a licensed digital financing platform from the Indonesian Financial Services Authority (OJK). Since the launch of...
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Atome Financial Acquires Indonesian Financing Firm
Atome Financial, the parent company of Buy Now, Pay Later (BNPL) firm Atome, has completed its acquisition of local financing company PT Mega Finadana Finance in Indonesia. Details of the acquisition...
View ArticleState of Open Banking 2021: Indonesia
In this current era of digitalization and personalization, the concept of Open Banking has been rapidly disclosed among experts, and perhaps consumers. The term itself refers to a business model where...
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Bank Rakyat Indonesia Bags the Celent Award for Financial Inclusion
Celent, a global research and advisory firm for the financial services industry, announced Bank Rakyat Indonesia (Bank BRI) as the winner of the Celent Model Bank 2021 Award for Financial Inclusion....
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The Future of Finance: How to Cope With Open Banking In Emerging Asia
For more than a decade, Asia has been the largest regional banking market and as the continent’s massive middle class continues to grow, McKinsey expects personal financial assets in the region to...
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OVO Ties up With Prudential Indonesia to Offer Shariah-Compliant Digital Life...
Indonesian e-wallet unicorn OVO has expanded its partnership with Prudential Indonesia to launch a digital shariah life insurance product with affordable premiums. The Asuransi Jiwa Kumpulan Syariah...
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Payments Firm 2C2P Partners Brankas to Bring Open Banking to Indonesia
Brankas, an Indonesian open banking provider, announced a strategic partnership with payments firm 2C2P to introduce their modern open banking solution to Indonesia. Through Brankas‘ API integration,...
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Indonesian Robo Advisor Bibit Bags US$ 65 Million in Funding Round Led by...
Bibit.id, a digital investment app in Indonesia, has announced that it has raised US$ 65 million in a funding round led by Sequoia Capital India. The round was joined by Prosus Ventures, Tencent and...
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Indonesian P2P Lender Amartha Secures US$ 28 Million From Women’s World Banking
Amartha, a P2P lending platform in Indonesia, received new funding worth US$ 28 million (IDR 405 billion) led by Women’s World Banking Capital Partners II (WWB) and MDI Ventures. WWB Capital Partners...
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BRI Appoints New CEO for its Digital Bank
Bank Rakyat Indonesia (Bank BRI) announced that its subsidiary PT. Bank Rakyat Indonesia Agroniaga (BRI Agro) has appointed Kaspar Situmorang as its new CEO. Situmorang’s digital banking acumen will be...
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Indonesia’s BukuKas US$ 50 M Funding Round Sees Participation from Wise’s...
BukuKas, a startup creating digital solutions for Micro, Small and Medium Enterprises (MSMEs) in Indonesia, announced it has raised US$ 50 million in Series B funding. The highly oversubscribed Series...
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BRI Agro Inks Deal With Payfazz to Expand Its Digital Banking Offerings
PT. Bank Rakyat Indonesia Agroniaga (BRI Agro) has inked a deal with local agent-based fintech company Payfazz. Using the API (application programming interface) of its signature digital lending app...
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Gojek-Backed Bank Jago Ties up With Mambu and Google Cloud
Bank Jago, a Gojek-backed Indonesian bank, has selected Mambu’s SaaS banking platform as its technology foundation as the bank begins its journey towards operating as a technology based-bank. Mambu’s...
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LINE Rolls Out Its Third Digital Bank in Indonesia With Hana Bank
LINE Financial Asia, an affiliate of LINE Corporation, announced the launch of its digital banking platform in Indonesia, in a collaboration with PT Bank KEB Hana Indonesia, a subsidiary of South...
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Open Finance Startup Finantier Raises Undisclosed 7-Figure Seed Funding
Finantier, an Indonesian open finance API platform, has raised an undisclosed 7-figure sum in a seed funding round led by Global Founders Capital and East Ventures. The round was oversubscribed, and...
View ArticleBrankas Surpassed 10 Million Monthly API Calls With Over 80 Network Partners
Brankas, an Indonesian open banking solution provider, announced that it has recently surpassed 10 million monthly API calls with over 80 network partners. The platform now operates in more than six...
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A Look Into the Wealthtech Scene in Indonesia
Meet Naufal Rahman. In his mid-20s, the Jakarta native has been exploring Indonesian robo-advisor platform Bibit as he prepares to make his first foray into investing. Together with his millennial and...
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Synthetic Identity Theft Rises in Southeast Asia
Simply stated, synthetic identity theft is when a fraudster combines the personal information of different real-life people to create an authentic-looking digital identity. These identities can include...
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Indonesian E-Wallet OVO Launches Its First Shariah-Compliant Digital...
Indonesian e-wallet OVO has launched its first shariah mutual fund product, which comes with one of the lowest buy-in for a product of its kind (less than US$1) and allows investors to instantly cash...
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GoTo Group Taps Google Cloud for Next Phase of Growth Following Recent Merger
GoTo Group, a merger between Gojek and Tokopedia that was formed earlier this year, is tapping Google Cloud as its principal technology partner to power its next phase of growth across Southeast Asia....
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