Fintech

Indonesia’s Commodity Futures Trading Regulatory Agency, or Bappebti, announced that binary options are illegal.

Akulaku acquired Bank Neo Commerce, gaining more than 10 million new account holders on the Neobank app since its launch in March 2021.

Xiang Hu Bao has issued payouts to 186,000 patients since its inception.

Major financial institutions in the country are leaning into blockchain-based assets, drawing regulatory scrutiny.

Brankas, Finantier, and Brick are among some of the upstarts that are driving fintech adoption in the region.

Ant Group, Alibaba’s fintech affiliate, has undergone many changes to adhere to new regulations.

Devata offers insights into the development of embedded finance in the region.

The super app developer’s experience as a new public company may serve as a reference for other businesses that are eyeing ticker symbols in the United States.