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Jakarta Post

BCA steps up penetration in fintech sector

  • Winny Tang

    The Jakarta Post

Jakarta   /   Wed, October 4 2017   /  12:34 am

Amid the growth of financial technology (fintech) startups, Indonesia’s largest private lender Bank Central Asia (BCA) has moved to seize upon an opportunity to collaborate with fintech firms in order to keep itself ahead of the competition in the banking industry.The publicly listed bank is currently in talks with two fintech companies, Garasi.id and KlikACC, and is considering forming partnerships with them to help support its business through technological innovation.“Digital technology will make our business processes more efficient. We will continue observing fintech developments,” said BCA director Henry Koenaifi on the sidelines of an event on Tuesday.“If there is a good opportunity, we will forge partnerships with them.”Garasi.id, the first fintech company to open talks with BCA, provides an online marketplace for people to buy and sell used cars online in the Greater J...