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View all search resultsFailing to develop supporting infrastructure and regulations, as well as nurturing local talent, could cause Indonesia to be sidelined in the global AI boom, multiple surveys show, while experts caution about taking a balanced approach to mitigate related risks.
The Indonesia Fintech Lending Association (AFPI) has asserted that cooperation between fintech platforms and universities is “not prohibited” by the fintech regulation, provided there is “prudent and compliant credit due diligence”.
A fintech webinar explored the use of the alternative innovative credit scoring (ICS) method as a means of helping individuals and small businesses gain greater access to loans, and improving financial inclusion and literacy in Indonesia.
Seventy-five percent of the fintech companies reported they were still facing low financial literacy among the target market, 57 percent reported facing basic infrastructure problems and 44 percent reported facing limited capital or resources challenges.
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