As a country with high Internet penetration, high middle-class growth, and poor penetration of financial products, Indonesia is fertile ground for financial technology. Indonesia is arguably the most exciting market for cards and payments in the world.
With a population of 254 million spread across 17,500 islands and where cash is still the dominant payment method, Indonesia fintech startups have found a robust niche market to serve in the country.
In the case of fintech, the Financial Services Authority (OJK) has been proactive in attempting to gain an understanding of the industry through discussions with various fintech players. New rulings for Indonesia fintech companies is planned to finalize by the end of the year.
In the mean time, there is quite a number of fintech events in Indonesia until end of year. Fintech News will walk you through a few most notable fintech events in Indonesia:
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The 8th Annual BankTech Asia: Jakarta Series will cover topics on booming of digital banking, improving service delivery by using innovative technologies, weighing on modern day customers trends, and also exploring opportunities in fast paced technology advancement. This exclusive conference is carefully designed to realise Indonesia banking demands in integrating technology in retail banking business.
August 29-30, 2016
Indonesia Fintech Festival and Conference 2016 is a joint event between the Financial Services Authority (OJK) and the Indonesian Chamber of Commerce and Industry (Kadin) that would bring together stakeholders of the FinTech industry, ranging from regulators, financial institutions, investors, startups, incubators, industry associations as well as academia.
Focusing on the latest initiatives for mobile wallets and insights on consumer and retailer’s adoption & awareness, IBC’s 4th Annual Mobile Wallets will continue to address the key factors in implementing a successful business model and players’ collaboration to accelerate scale and adoption in mobile wallets in Asia. The conference not only provides a single platform for market trends, insights and networking opportunities, it convenes international and regional key players to exchange ideas on innovative approaches driving mobile wallet initiatives in Asia.
Collaboration, Partnership, New Ecosystem-Building for Financial Services in the Indonesia BEING DIGITAL can no longer be your differentiator. Digital financial services has become part of what your customers expect of you, just as your competitors have already moved along their own digital journeys. Going beyond your own institution’s digital strategy is the key to your success (or survival) in the next two years. For this to happen, your bank or insurer will need to use a new set of innovation accelerators, foster new partnerships, and embrace concepts of openness and collaboration.
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Key Topics To Be Addressed in 2016 include:
-Digitising your financial products to get to the market more efficiently and reducing time in
-Leveraging innovative social media strategies to maximize customer acquisition, conversion, and retention
-Promising better rates to your customers with automated processes and seamless omni-channel integration that resonate with the sophisticated market demands
-Leveraging the risk management by ensuring data security of the whole end to end process
-Forecasting the latest trends to respond to the fast changing demands and be at the forefront of innovation
November 16-17, 2016
The two day C-level conference is where those shaping the payments landscape in Indonesia will hang out. Running alongside the conference is a showcase exhibition. The latest in payment technology and smart card innovations will be on display.
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