Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 26°C
DKI Jakarta, Indonesia
weather-icon
26°C Partly Cloudy

Mostly cloudy until tomorrow morning and humid throughout the day.

  • weather-icon

    Mon

    25℃ - 33℃

  • weather-icon

    Tue

    25℃ - 32℃

  • weather-icon

    Wed

    25℃ - 32℃

  • weather-icon

    Thu

    25℃ - 31℃

Are fintech companies really bad for banks?

  • Arisyi Raz
    Arisyi Raz

    Analyst from the Macroprudential Policy Department of Bank Indonesia

Jakarta | Tue, January 2, 2018 | 12:29 pm
Are fintech companies really bad for banks? President Joko Widodo and Finance Minister Sri Mulyani Indrawati observe a digital panel display in Fintech Festival in Jakarta on Aug. 30 2016. (tempo.co/File)

PREMIUM Given the hype over the fintech industry nowadays, many analysts, business professionals and even bankers are concerned about its impact on the conventional banking system. They fear that this industry will be disruptive to the banking system. Their arguments have valid points, but in many cases the concerns are overstated. Stating the fintech industry will disrupt the market for the banking...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.

Comments