Southeast Asia's fintechs fill lending gap with data

Major banks join race to offer more consumer financing to underserved

20231023 fintech top

Online lending services like Akulaku are becoming a go-to source of credit for younger borrowers in Indonesia. (Photo by Tsubasa Suruga)

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE/JAKARTA -- Southeast Asian fintech startups are extending credit to younger borrowers, many of whom have limited access to traditional financial services, even as some of the region's largest lenders rush to digitize their businesses.

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