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financial-technology

Academia 5 months ago

PREMIUM
How Indonesia’s banks can break free from legacy constraints

Despite the country’s rapid digital adoption in recent years, a significant percentage of the banking system continues to operate on legacy infrastructure developed decades ago.

Tech 2 years ago

PREMIUM
Fintech users overwhelmed by choice, concerned about security: Study

A survey conducted by Boston Consulting Group in collaboration with Indonesia’s AC Ventures shows that financial technology users are having a hard time choosing which app to rely on.

Executive Column 3 years ago

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Executive Column: The fittest survive economic turbulence, says Pluang

Pluang cofounder Claudia Kolonas spoke to The Jakarta Post’s Deni Ghifari on Oct. 17 about how the start-up aims to be a part of Indonesia's effort to increase financial literacy and how it is handling the global macroeconomic turbulence.

Companies 3 years ago

PREMIUM
Sinar Mas, Lazada gives DANA financial injection

DANA's pockets have just gotten deeper with Sinar Mas and Lazada Group joining as the digital wallet company's latest shareholders.

Tech 3 years ago

PREMIUM
Indonesian fintechs look to greener fields abroad for continued growth

As Southeast Asian fintechs expand across borders to tap into the region's enormous growth potential, an industry insider has cautioned that “the grass is almost never greener on the other side”.

Business 4 years ago

Credit lender Kredivo to go public via $2.5 billion SPAC merger

FinAccel on Monday agreed to go public through a merger with a blank-check firm, valuing the parent of Indonesian buy now, pay later platform Kredivo at about US$2.5 billion, a further sign of consolidation in the fast-growing sector.

Opinion 5 years ago

The future of banking is not for banks

It took years to understand Bill Gates’ quote, “Banking is necessary, but banks are not.” He said it in 1994, and it is becoming true. This statement was hard to understand in 1994, when fintech was not popular.

Editorial 5 years ago

Time for fintech to shine

Since the rise of fintech, Indonesia’s financial inclusion rate has dramatically increased to levels unseen in history, reaching 76.1 percent in 2019, according to an OJK survey, from less than 50 percent in 2017.

Business 5 years ago

Experts call on fintech to expand services outside Java

Experts have called on financial technology companies to expand their operations outside of Java and partner with the government to better serve the unbanked population in the country.

Opinion 5 years ago

The future of digital banking in Indonesia

In light of these rapid developments, banks need to take on a “start small and think big” mentality. Incumbent banks need to look for rapid implementations and quick minimum-value-proposition (MVP) launches to innovate.

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