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JB Financial, CIMB Niaga to cooperate on open banking platform

South Korea's JB Financial Group Co. Ltd. and Indonesia's PT Bank CIMB Niaga Tbk signed an agreement to work on the former's open banking platform in the latter's market, FNTIMES reported.

JB Financial Group's local fintech partner PT Mitra Jasa Lima will participate in the project.

The South Korean lender plans to launch the project for banks in Jakarta and surrounding areas in 2019, an official said.