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Indonesian digital lender Neo Commerce targets full-year profit in 2023

Indonesian digital lender PT Bank Neo Commerce (BNC) expects to book its first full-year profit next year since launching its online services in 2021, its president director said, even as lenders in the sector compete to offer high deposit rates to lure customers. ....

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Indonesia revamps banking rules to spur digital transformations

Indonesia has revised banking regulations to push lenders to speed their digital transformations, the financial regulator said on Friday (Aug 20), as digital banking booms in South-East Asia's largest economy. ....

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