Indonesia
Indonesian E-Wallet OVO Launches Its First Shariah-Compliant Digital Investment Offering
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 out their funds in real time.
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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 Personally Identifiable Information (PII) such as name, identity card number, birth date and
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Brankas 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 countries and has partnered with more than 30 financial
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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 funds were raised at a post-money valuation of more
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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 Korea’s Hana Bank. This is the third market in
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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 innovative, flexible and responsive digital banking platform will underpin Bank Jago’s
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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 Pinang, BRI Agro’s digital savings and lending solutions will be channeled
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Indonesia’s BukuKas US$ 50 M Funding Round Sees Participation from Wise’s Co-Founder
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 B round included participation from prominent angels Gokul Rajaram and
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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 key at BRI Agro, where the new CEO has been
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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 II is the second gender lens investment fund
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