Fintechs` plans to buy Indonesian banks will raise competition, but incumbents likely to stand firm: Fitch
(WorldNews Business)

SINGAPORE (THE BUSINESS TIMES) - 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 the tech firms are first likely to target underserved or niche segments of the market which traditional banks tend to neglect, it added in the report. In the past two months, there had been separate reports on...