Bank Negara Indonesia is considering the creation of a corporate venturing arm that would focus on the financial technology sector.
Indonesia-based financial services firm Bank Negara Indonesia (BNI) is looking into establishing a corporate venturing subsidiary to invest in financial technology startups, DealStreetAsia reported on Tuesday.
The move was announced by BNI director Rico Rizal Budidarmo, who confirmed a proposal was currently undergoing due diligence and was set to conclude later this year.
The unit would reportedly be led by Indra Utoyo, who is currently the operational director of financial services firm Bank Rakyat Indonesia (BRI). Both BNI and BRI…
