JB Financial Group Signs a Strategic MOU with CIMB Niaga for the Open Banking Platform Business in Indonesia
December 16, 2018 at 11:10 pm EST
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JB Financial Group signed a strategic memorandum of understanding (MOU) with CIMB Niaga and MITRA JASA LIMA for the open banking platform business in Indonesia on December 14. The MOU represents that JB Financial Group is the first Korean banking group exporting its unique open banking platform, in contrast to the practice of entering new markets through local banking license acquisition.
JB Financial Group Co Ltd is a Korea-based holding company mainly engaged in the financial industry. The Company operates its business through three segments. The Banking Business segment engages in the business of supplying funds in the form of short- and long-term loans to recipients of funds, using funds acquired in the form of deposits from the general public as the main source. The Specialized Credit Finance Business segment engages in the facility rental business, installment finance business, and new technology business finance business. The Other segment engages in collective investment business such as asset management business, investment advisory business, and discretionary investment business. In addition, this segment provides financial support and business management for subsidiaries.
JB FINANCIAL GROUP CO., LTD. 
