JB Financial Group Dives into Vietnam’s Fintech Space, Acquires a Minority Stake in Infina

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JB Financial Group took a significant step into
Vietnam’s fintech sector by acquiring a minority stake in the retail investing
app Infina. According to the Korea Herald, this move aims to bolster JB
Securities Vietnam’s presence in the Southeast Asian country and tap into its
growing stock market potential.

Infina, boasting over 500,000 monthly active users,
seeks to diversify into the securities realm and extend its footprint to
neighboring countries like Cambodia. The collaboration with JB Financial Group
serves as a crucial catalyst for Infina’s expansion ambitions, offering a
pathway to local and global markets.

JB Securities Vietnam’s CEO, Kim Doo-yoon,
mentioned: “In the Vietnamese stock market (which has) great growth
potential, collaboration with various local partners such as fintech companies
can be a desirable way to expand the customer base. We will create a case for
building a coexistence ecosystem with fintech companies through close
collaboration with Infina.”

JB Financial Group on Thursday said it will acquire a minority stake in Vietnam’s retail investing app Infina, in a bid to help the group’s securities affiliate expand its customer base in the Southeast Asian country.https://t.co/WNqwqzcgpu

— The Korea Herald 코리아헤럴드 (@TheKoreaHerald) March 8, 2024

JB Securities Vietnam, headquartered in Hanoi, has
been steadily broadening its financial service offerings. From stock brokerage
to corporate bond issuance management, the firm launched the Finavi securities
trading platform
Trading Platform

In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real

In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
Read this Term
in 2023 to tap into mobile stock trading and margin loan
markets.

Keep Reading

Future Prospects and Collaborative Endeavors

The CEO of JB Securities Vietnam, Kim Doo-yoon,
emphasized the potential of collaboration with local fintech players in
Vietnam’s thriving market.

JB Financial Group’s foray into Vietnam’s fintech
Fintech

Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl

Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term

landscape extends beyond Infina. With strategic investments in Korean fintech
entities like Hanpass and Finda, the group targets partnerships in the rapidly
evolving financial technology sector.

Last month, Blue Ocean Technologies, a key player in
the trading services sector, expanded its global presence with partnerships
across South Korea, Hong Kong, and Japan. The firm’s collaboration with
DriveWealth marked a significant step in the firm’s efforts to enhance equities
trading accessibility and data availability for investors.

The partnership between Blue Ocean Technologies and
DriveWealth aims to provide access to equities trading and bridge time zones to
facilitate trade executions. DriveWealth’s connectivity enables real-time
trading 24/7, catering to investors across various regions, regardless of their
local trading hours.

JB Financial Group took a significant step into
Vietnam’s fintech sector by acquiring a minority stake in the retail investing
app Infina. According to the Korea Herald, this move aims to bolster JB
Securities Vietnam’s presence in the Southeast Asian country and tap into its
growing stock market potential.

Infina, boasting over 500,000 monthly active users,
seeks to diversify into the securities realm and extend its footprint to
neighboring countries like Cambodia. The collaboration with JB Financial Group
serves as a crucial catalyst for Infina’s expansion ambitions, offering a
pathway to local and global markets.

JB Securities Vietnam’s CEO, Kim Doo-yoon,
mentioned: “In the Vietnamese stock market (which has) great growth
potential, collaboration with various local partners such as fintech companies
can be a desirable way to expand the customer base. We will create a case for
building a coexistence ecosystem with fintech companies through close
collaboration with Infina.”

JB Financial Group on Thursday said it will acquire a minority stake in Vietnam’s retail investing app Infina, in a bid to help the group’s securities affiliate expand its customer base in the Southeast Asian country.https://t.co/WNqwqzcgpu

— The Korea Herald 코리아헤럴드 (@TheKoreaHerald) March 8, 2024

JB Securities Vietnam, headquartered in Hanoi, has
been steadily broadening its financial service offerings. From stock brokerage
to corporate bond issuance management, the firm launched the Finavi securities
trading platform
Trading Platform

In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real

In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
Read this Term
in 2023 to tap into mobile stock trading and margin loan
markets.

Keep Reading

Future Prospects and Collaborative Endeavors

The CEO of JB Securities Vietnam, Kim Doo-yoon,
emphasized the potential of collaboration with local fintech players in
Vietnam’s thriving market.

JB Financial Group’s foray into Vietnam’s fintech
Fintech

Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl

Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl
Read this Term

landscape extends beyond Infina. With strategic investments in Korean fintech
entities like Hanpass and Finda, the group targets partnerships in the rapidly
evolving financial technology sector.

Last month, Blue Ocean Technologies, a key player in
the trading services sector, expanded its global presence with partnerships
across South Korea, Hong Kong, and Japan. The firm’s collaboration with
DriveWealth marked a significant step in the firm’s efforts to enhance equities
trading accessibility and data availability for investors.

The partnership between Blue Ocean Technologies and
DriveWealth aims to provide access to equities trading and bridge time zones to
facilitate trade executions. DriveWealth’s connectivity enables real-time
trading 24/7, catering to investors across various regions, regardless of their
local trading hours.

The post JB Financial Group Dives into Vietnam’s Fintech Space, Acquires a Minority Stake in Infina first appeared on Investorempires.com.

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