OJK: Fintech Hub Launch Will Grow Indonesia’s Fintech Ecosystemby Fintechnews Singapore July 18, 2018
The Financial Services Authority (OJK) will be launching a fintech centre sometime in August as part of their efforts to grow the fintech ecosystem in Indonesia, as well as drive innovations in the field.
Indonesia’s Swelling Fintech Sector
OJK’s head of digital financial innovations and microfinancing development Triyono told reporters that fintech in Indonesia is growing rapidly. The statements made by Triyono matches our observations of growth in the sector these past few years.
As the largest economy in South East Asia, many of its neighbours like Singapore and Malaysia are eyeing to expand to the Indonesian market. A center a such will likely serve Indonesia well to attract more foreign fintech companies to set up their base in Indonesia.
Fintech Hub to Support Growth of Indonesia Fintech Scene
He added that he arrival of the centre will cultivate fintech growth in Indonesia, and serve as a location for fintech companies to be able to further develop their businesses.
Additionally, OJK will also be looking at establishing fintech courses in higher learning institutions locally to churn out the much-needed talent for this space.
According to Detik Finance, the fintech centre will be equipped with facilities like a big screen, a café with a design that is inspired by coworking spaces, big tables, and etc. The centre will also display the names of fintech businesses that have been registered under OJK.
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