The hype is over, digital banks going nowhere

Hype, created by media (including social media), took digital banks like BankJago (ARTO) and AlloBank (BBHI) to unicorn status, briefly. ARTO lost 90% from its peak to make a market capitalization of Rp28.3 trillion only on Monday (Oct 2), while BBHI fell 82% from peak to make a market cap of Rp32.7 trillion.To subscribe please click here