Indonesia

OJK: Fintech Hub Launch Will Grow Indonesia’s Fintech Ecosystem

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

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Blockchain Startup Pundi X Hires Former Microsoft and Ethereum Veteran

Pundi X has announced its new chief legal counsel, David Ben Kay, a lawyer to leading Asian technology companies and blockchain startups with over three decades of experience. David is a specialist in international intellectual property and investment law and

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Interesting Blockchain Startups and Organizations from Indonesia

Cryptocurrencies and blockchain technology have been all the rage in the past years with startups in the space raising more than US$1.3 billion in venture capital so far in 2018. The amount has already surpassed the total raised in 2017

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Fintech Indonesia Report 2018 – The State of Play for Fintech Indonesia

Indonesia, the largest economy in South East Asia, with an estimated population of over 260 million people, the majority of which are under the age of 35 and growing mobile phone and Internet penetration rates, Indonesia is a treasure trove

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World Bank Global Findex : Indonesia Leads in Financial Inclusion Progress

The latest Global Financial Inclusion Index (“Findex”) database released today by the World Bank finds that Indonesia’s financial inclusion has made the most progress, across East Asia and the Pacific, in bringing its citizens into the formal financial system in

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Avatec: Next-Generation Digital Credit Assessment Solution for Indonesia

United Overseas Bank Limited (UOB) and Pintec Technology Holdings Limited (PINTEC) announced the launch of their joint venture, Avatec.ai . Avatec aims to help banks and finance companies to be more efficient and more accurate when assessing the credit quality of

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How is Indonesia Implementing Blockchain Technology?

The Indonesian Central Bank repeatedly warns citizens about cryptocurrencies and cautions to understand the risks, but the country’s regulations are currently fairly open towards digital currencies and blockchain technology. An actual ban only exists for cryptocurrencies in payments, but exchange

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Top Fintech Startups That Will Mature Fast in Indonesia

IDC Financial Insights  unveiled a list of fintech companies in Indonesia that are expected to mature faster than others. As the number of fintech startups are at rise in Indonesia, the list of fintech startups announced are based on extensive

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Go-Jek and Bank Rakyat Indonesia Teams Up For Financial Inclusion

Banks in Indonesia are still hesitant to collaborate with fintech startups, some local startup founders say. At this stage, exchange between banks and fintech startups takes place in the realm of events and competitions, where the aim is to get

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How 4 Indonesian Banks are Collaborating with Fintech Startups

Fintech startups have some key advantages over banks: they can move fast and react to trends, experiment with new technologies and processes, and work on small budgets.Banks, on the other hand, know how to navigate regulations and obtain licenses required

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