JB Financial Group has taken a meaningful step in Vietnam’s fintech sector by acquiring a minority stake in retail investment app Infina. According to Korea HeraldThe move aims to strengthen JB Securities Vietnam’s presence in the Southeast Asian country and capitalize on its growing stock market potential.
Infina, which boasts over 500,000 monthly active users, is looking to diversify into the securities space and expand its presence into neighboring countries such as Cambodia. The collaboration with JB Financial Group serves as an important catalyst for Infina’s expansion ambitions, providing an avenue into local and global markets.
Kim Doo-yoon, CEO of JB Securities Vietnam, said, “In the Vietnamese stock market with great growth potential, collaboration with various local partners, such as fintech companies, can be a desirable way to expand the customer base.” He said, “This is an example of building a win-win ecosystem with fintech companies through close cooperation with Infina.”
JB Financial Group announced Thursday that the group’s securities arm will acquire a minority stake in Vietnamese retail investment app Infina to help expand its customer base in the Southeast Asian country. https://t.co/WNqwqzcgpu
— The Korea Herald The Korea Herald (@TheKoreaHerald) March 8, 2024
Headquartered in Hanoi, JB Securities Vietnam has been steadily expanding its range of financial services offerings. Launch of Finavi Securities, from stock brokerage to corporate bond issuance management
trading platform
trading platform
In the FX space, a currency trading platform is software that brokers provide to their respective client bases, making them accessible to the wider market as traders. Most commonly, this reflects an online interface or mobile app complete with order processing tools. Every broker needs more than one trading platform to accommodate the different needs of their clients. The trading platform, the backbone of the company’s offering, provides customers with quotes, selection of products to trade, and actual products.
In the FX space, a currency trading platform is software that brokers provide to their respective client bases, making them accessible to the wider market as traders. Most commonly, this reflects an online interface or mobile app complete with order processing tools. Every broker needs more than one trading platform to accommodate the different needs of their clients. The trading platform, the backbone of the company’s offering, provides customers with quotes, selection of products to trade, and actual products.
Read these terms The goal is to enter the mobile stock trading and margin loan market in 2023.
Future prospects and collaborative efforts
Kim Doo-yoon, CEO of JB Securities Vietnam, emphasized the possibility of cooperation with local fintech companies in the thriving Vietnamese market.
JB Financial Group’s entry into Vietnam fintech
fintech
Financial technology (fintech) is defined as any technology that automates and enhances the provision and application of financial services. The origin of the term fintech dates back to the 1990s when it was mainly used as a back-end system technology for famous financial institutions. However, it has since grown outside the business sector due to its growing focus on consumer services. What purpose does fintech serve?The main purpose of fintech is to provide customer service.
Financial technology (fintech) is defined as any technology that automates and enhances the provision and application of financial services. The origin of the term fintech dates back to the 1990s when it was mainly used as a back-end system technology for famous financial institutions. However, it has since grown outside the business sector due to its growing focus on consumer services. What purpose does fintech serve?The main purpose of fintech is to provide customer service.
Read these terms
The landscape extends beyond Infina. Through strategic investments in Korean fintech companies such as Hanpass and Finda, the Group aims to partner in the rapidly developing financial technology sector.
Last month, trade services sector player Blue Ocean Technologies expanded its global presence with partnerships across Korea, Hong Kong and Japan. The company’s collaboration with DriveWealth marks an important step in its efforts to improve the accessibility of stock trading and the availability of data for investors.
The partnership between Blue Ocean Technologies and DriveWealth aims to provide access to stock trading and bridge time zones to facilitate trade execution. DriveWealth’s connectivity enables real-time trading 24/7 for investors across geographies, regardless of local trading hours.
JB Financial Group has taken a meaningful step in Vietnam’s fintech sector by acquiring a minority stake in retail investment app Infina. According to Korea HeraldThe move aims to strengthen JB Securities Vietnam’s presence in the Southeast Asian country and capitalize on its growing stock market potential.
Infina, which boasts over 500,000 monthly active users, is looking to diversify into the securities space and expand its presence into neighboring countries such as Cambodia. The collaboration with JB Financial Group serves as an important catalyst for Infina’s expansion ambitions, providing an avenue into local and global markets.
Kim Doo-yoon, CEO of JB Securities Vietnam, said, “In the Vietnamese stock market with great growth potential, collaboration with various local partners, such as fintech companies, can be a desirable way to expand the customer base.” He said, “This is an example of building a win-win ecosystem with fintech companies through close cooperation with Infina.”
JB Financial Group announced Thursday that it will acquire a minority stake in Vietnamese retail investment app Infina to help the group’s securities affiliate expand its customer base in the Southeast Asian country. https://t.co/WNqwqzcgpu
— The Korea Herald The Korea Herald (@TheKoreaHerald) March 8, 2024
Headquartered in Hanoi, JB Securities Vietnam has been steadily expanding its range of financial services offerings. Launch of Finavi Securities, from stock brokerage to corporate bond issuance management
trading platform
trading platform
In the FX space, a currency trading platform is software that brokers provide to their respective client bases, making them accessible to the wider market as traders. Most commonly, this reflects an online interface or mobile app complete with order processing tools. Every broker needs more than one trading platform to accommodate the different needs of their clients. The trading platform, the backbone of the company’s offering, provides customers with quotes, selection of products to trade, and actual products.
In the FX space, a currency trading platform is software that brokers provide to their respective client bases, making them accessible to the wider market as traders. Most commonly, this reflects an online interface or mobile app complete with order processing tools. Every broker needs more than one trading platform to accommodate the different needs of their clients. The trading platform, the backbone of the company’s offering, provides customers with quotes, selection of products to trade, and actual products.
Read these terms The goal is to enter the mobile stock trading and margin loan market in 2023.
Future prospects and collaborative efforts
Kim Doo-yoon, CEO of JB Securities Vietnam, emphasized the possibility of cooperation with local fintech companies in the thriving Vietnamese market.
JB Financial Group’s entry into Vietnam fintech
fintech
Financial technology (fintech) is defined as any technology that automates and enhances the provision and application of financial services. The origin of the term fintech dates back to the 1990s when it was mainly used as a back-end system technology for famous financial institutions. However, it has since grown outside the business sector due to its growing focus on consumer services. What purpose does fintech serve?The main purpose of fintech is to provide customer service.
Financial technology (fintech) is defined as any technology that automates and enhances the provision and application of financial services. The origin of the term fintech dates back to the 1990s when it was mainly used as a back-end system technology for famous financial institutions. However, it has since grown outside the business sector due to its growing focus on consumer services. What purpose does fintech serve?The main purpose of fintech is to provide customer service.
Read these terms
The landscape extends beyond Infina. Through strategic investments in Korean fintech companies such as Hanpass and Finda, the Group aims to partner in the rapidly developing financial technology sector.
Last month, trade services sector player Blue Ocean Technologies expanded its global presence with partnerships across Korea, Hong Kong and Japan. The company’s collaboration with DriveWealth marks an important step in its efforts to improve the accessibility of stock trading and the availability of data for investors.
The partnership between Blue Ocean Technologies and DriveWealth aims to provide access to stock trading and bridge time zones to facilitate trade execution. DriveWealth’s connectivity enables real-time trading 24/7 for investors across geographies, regardless of local trading hours.