WeLab and Astra wrap up acquisition of Bank Jasa Jakarta
Hong Kong-based fintech platform WeLab, along with Indonesian firm Astra International (Astra), has completed the acquisition of commercial lender Bank Jasa Jakarta (BJJ). For…
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Thailand’s KBank looking to bolster presence in Vietnam
Thai lender KASIKORNBANK (KBank) has announced plans to invest more than THB2.7bn ($75m) in a bid to become the regional digital bank. KBank is…
BNI to buy majority stake in Bank Mayora to enter digital banking space
Indonesian government-backed lender Bank Negara Indonesia (BNI) is planning to buy a 63.92% stake in Bank Mayora, DeelStreestAsia has reported. The acquisition…
Javier Garza Calderon among those eyeing Citi’s Mexican arm
Javier Garza Calderon, founder of "Entrepreneurs for the Fourth National Transformation (E4T)," is looking to bid for the local retail…
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DBS, Standard Chartered in race to buy Citigroup’s Asian operations
DBS Group and Standard Chartered are reportedly among the banks looking to acquire the retail banking assets of Citigroup in…
Thai fintech Ascend Money rakes in $150m at $1.5bn valuation
Thailand-based fintech startup Ascend Money has raised $150m in a Series C funding round, which valued the company at approximately…
Bank of Ayudhya finalises deal to buy SHB Finance
Thailand’s Bank of Ayudhya (Krungsri) has signed an agreement with Saigon-Hanoi Commercial Joint Stock Bank (SHB) to acquire SHBank Finance…
SCB partners Thunes to power cross-border payments to Thailand
Thailand's Siam Commercial Bank (SCB) has partnered with Thunes to enable real time fund transfers to the country. The collaboration…