News
Hong Kong Fintech Unicorn WeLab Raises $240M to Buy Indonesian Bank
A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank.
With the deal, WeLab is planning to launch a digital bank to capture the country’s enormous unbanked population in the second half of next year.
Latest from Our Blog
View all blog posts
Connecting Venezuelan Migrants With the Financial System in Colombia
The Banca de las Oportunidades project, “El Parche Financiero” (“the Financial Patch”), operated by Fundación Capital with the support of Humanity & Inclusion and Voices of Venezuela, aims to promote financial inclusion for the 100,000 Venezuelan migrants in the country.
Breaking Down Silos to Advance Financial Inclusion of Forcibly Displaced People
Coordinated efforts are needed to move from emergency response to long-term inclusion. The Community of Practice on the Financial Inclusion of Forcibly Displaced People aims to help make this happen.
Open Finance: A Guide to Knowledge Resources
Open finance is a financial innovation that facilitates the sharing of customer data - with the customer's consent - in order to provide new and improved financial services. This guide provides a curated list of key publications on open finance.