LONDON, October 27, 2021-- As Agent Bank, please be advised of the following rate determined on: 10/27/2021Issue
DBS Group and Standard Chartered are among the lenders planning to bid for Citigroup's consumer banking assets across five markets in Asia.
Standard Chartered Plc announced a 10-year fintech partnership with Singapore-based Atome Financial on Wednesday to help it grab a piece of the booming buy now, pay later market in Asia that has thrived during the pandemic. Standard Chartered, the first major bank to unveil a significant foray in the sector in Asia, is making an undisclosed equity investment in Atome Financial, which operates the Atome platform in markets including Southeast Asia, and Indonesian digital lending platform Kredit Pintar. "This marks one of Standard Chartered's largest strategic investments in a fintech to-date and supports its ambition to expand its reach and scale within the mass market segment via a digital-first approach, underpinned by digital acquisition and new partnership models," a joint statement said.