Ant Financial is continuing its global expansion with a joint venture to develop local financial services in Indonesia. The company has partnered with conglomerate Emtek, Indonesia’s second largest media firm and an investor in -major e-commerce . . .

In its latest Global Fintech Report, PwC finds that established financial institutions have shifted from competing with fintech startups to partnering with them. PwC finds that 82% of incumbents it surveyed plan to increase collaboration . . .