Indonesia

Sunline Master International to Boost Digital Banking in Indonesia

Sunline Master International (SMI) has inaugurated its new office on 12 October 2017 following the signing of a joint venture agreement in July 2017 between Shenzhen Sunline Tech Co Ltd & PT Mastersystem Infotama. This new company, operating under the name of Sunline Master

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10 Fast Growing FinTechs in Indonesia

IDC Financial Insights has unveiled a list of 10 fast growing fintechs in Indonesia, part of the broader FinTech 101 list for Asia/Pacific, at the FinTech Innovation Summit 2017 held at The Ritz-Carlton Pacific Place, Jakarta. “IDC’s FinTech Fast 101”

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NICE Provides The First Voice-Based Authentication Solution At A Domestic Bank In Indonesia

NICE claims that, with the implementation of NICE Real-Time Authentication, Permata Bank is the first domestic bank in Indonesia to introduce voice biometrics as part of its customer authentication protocol. NICE Real-Time Authentication (RTA), together with its process automation solution,

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Pundi X Launches First Retail Point Of Sale Solution For Cryptocurrency In Indonesia

Pundi X, a blockchain startup that aims to make cryptocurrencies an enabler of ubiquitous cashless payment environments across South East Asia, has unveiled the Pundi X POS (Point of Sale) smart device to enable shops, cafes and convenience stores to

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Fintech Takes Off In Indonesia

Investment in fintech startups is set to hit a record hit in 2017 with an estimated 50 deals to close this year, according to an analysis by CB Insights. While the overall industry is gaining traction from both consumers and

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Indonesia’s P2P Lending Regulations poised to encourage growth of local Fintech Providers

In December 2016, the Financial Services Authority (OJK) issued regulations on financial technology firms (Fintech) firms that run Peer-to-Peer(P2P) lending businesses. The regulations were issued in response to the rapid growth of Fintech start-ups in Indonesia, where the number of

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How Fintech Companies Can Help Indonesian Banks

With a population of over 250 million, consistent economic growth and high mobile phone penetration, Indonesia has emerged as one of Southeast Asia’s most promising markets for fintech disruption. The World Economic Forum predicts that by 2020, Indonesia will become

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Grab Plans To Be the #1 Mobile Payments Platform in Southeast Asia

Grab, the leading ride-hailing and logistics services startup in Southeast Asia, is looking to become the top mobile payments platform in the region. In order to “solidify its leadership in digital payments,” the firm has signed in April an agreement

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Why Indonesia needs Fintech?

Southeast Asia’s largest economy would rather use fintech platforms for their financial needs rather than the country’s more well-established banking institutions with regulations being proposed to safeguard investors and borrowers alike, Indonesia’s fintech industry is set to expand even further.

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How the world can learn from Indonesia’s microfinance scene

Microfinance disasters have made the news in recent years and the industry has drawn some flak for being unregulated. Indonesia has had relative success. What lessons can we draw from them?  Stories of microloan borrowers in impoverished parts of India

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