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Gojek-backed lender races to upend mobile banking in Indonesia
Bank Jago will begin offering some banking services via mobile app this month before extending full-fledged products including loans, securing early-mover advantage in Indonesia’s booming digital banking industry.
Singapore's GIC to buy 9% of Indonesia's Bank Jago to tap digital banking business
JAKARTA (The Straits Times/ANN): Singapore sovereign wealth fund GIC will purchase a stake in Bank Jago, a publicly listed Indonesian lender that is set to become the first fully digital bank in South-east Asia's largest economy, a rights issue prospectus shows.
Asean News Headlines as at 7pm on Tuesday (Feb 23)
News highlights from Asean countries in the Star-AseanPlus section for Tuesday (Feb 23)
Asean News Headlines as at 7pm on Tuesday (Feb 23)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Tuesday (Feb 23)
S.African digital bank Tyme to expand into Philippines
SINGAPORE (Reuters): South African digital bank Tyme has raised US$110 million in private capital and linked up with JG Summit, one of the biggest conglomerates in the Philippines, to apply for a local digital bank licence, a top Tyme executive told Reuters.
South African bank eyeing Malaysian digital bank licence
SINGAPORE: South African digital bank Tyme has raised US$110 million in private capital and linked up with JG Summit, one of the biggest conglomerates in the Philippines, to apply for a local digital bank licence, a top Tyme executive told Reuters.
Indonesian banking regulator says Sea Group's Shopee acquires Bank BKE
JAKARTA (The Jakarta Post/ANN): Indonesia's Financial Services Authority (OJK) said on Thursday (Feb 18) that Sea Group's e-commerce arm Shopee had acquired local lender Bank Kesejahteraan Ekonomi (Bank BKE) with the aim of transforming it into a digital bank.
Indonesia's Bank Jago to turn fully digital; applauds new upcoming regulations for financial services sector
JAKARTA (The Straits Times/ANN): Bank Jago is set to become the first fully digital bank in the country following its recent strategic partnership with ride-hailing and digital payment services firm Gojek.
Nor Shamsiah says 40 parties keen on digital banking licences
KUALA LUMPUR: Some 40 parties have registered their interest with Bank Negara Malaysia (BNM) to apply for digital banking licences, its governor Datuk Nor Shamsiah Mohd Yunus said.
Digital banking creates value
DIGITAL banking surely opens new avenues for existing and new players amid soaring demand for online and mobile alternatives.
