October 25, 2021

Info IEC

Business & Finance Information

Fintechs’ moves to acquire Indonesian banks will rev up competition: Fitch, Banking & Finance

Singapore

RECENT moves by tech firms to acquire small Indonesian banks will add more colour to Asean’s financing landscape, but are unlikely to pose a material challenge to the biggest incumbent lenders in the near term, said Fitch Ratings.

This comes as fintechs are likely to…





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