Posts From Fintech News Indonesia
Indonesia’s BI-FAST to Expand Its Real-Time Payment Services and Banks Participation
Indonesia’s domestic real-time payments scheme BI-FAST, launched by Bank Indonesia and powered by ACI Worldwide, has announced plans to launch a wide range of new real-time payment services. BI-FAST payment services will be extended to include bulk credit, direct debit
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FinAccel Makes Senior Exec Appointments Ahead of New Digibank Launch
FinAccel, the parent company of Indonesian Buy Now, Pay Later (BNPL) platform Kredivo, announced a flurry of senior appointments to bolster its management team to prepare for the upcoming launch of its digital bank Krom. Formerly known as Bank Bisnis
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Indonesian VC East Ventures Launches Accelerator Programme for Laid-off Tech Talent
East Ventures, an Indonesia-focused venture capital firm, has launched its fourth edition of the PASTI BISA programme to aid those affected by recent layoffs in the tech ecosystem. The latest edition dubbed as Maju Terus Pantang Mundur (IDPB MTPM), which
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Indonesian Digital Trust Startup Privy Raises US$48 Million Series C
Indonesian digital signature and identity provider Privy announced that it has secured US$48 million in a Series C funding round led by global investment firm KKR. The round also witnessed participation from existing investors MDI Ventures, GGV Capital and Telkomsel
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Bank Rakyat Indonesia Bolsters Its Digital Savings Offering to Expand Its Reach
Indonesians have been increasingly turning towards a digital lifestyle especially during the pandemic where banks were forced to accelerate their digitisation to accommodate their customers’ needs. In line with this, banks need to create a digital platform that performs as
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airasia Super App Completes ASEAN Expansion Spree for 2022 With Indonesia Launch
The airasia Super App, a digital venture of Capital A, completes its ASEAN expansion plans for 2022 with its official launch in Indonesia, focusing on Bali as a key international tourist market. The app was launched in Malaysia back in
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UOB and Personetics Launch AI-Driven Automated Savings Feature
United Overseas Bank (UOB), in partnership with Personetics, announced the launch of Auto-Save, on the TMRW mobile banking app in Indonesia today at the Singapore Fintech Festival 2022. Powered by Personetics’ Artificial Intelligence (AI) and advanced data analytics solutions, the
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Brankas and CRIF Launch a Credit Scoring System for Borrowers With No Credit History
Southeast Asian open finance platform Brankas and credit solutions provider CRIF have launched the New Evaluation Open Suite (N.E.O.S), a credit scoring system which analyses alternative data sources. Under the partnership, Brankas will enable the collection of bank statement and
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bolttech Completes Acquisition of Indonesian Insurance Broker Axle Asia
Singapore-based insurtech firm bolttech announced it has completed the acquisition of a majority shareholding in Axle Asia, an established insurance broker in Indonesia. Axle Asia will become a subsidiary of bolttech and be subsequently rebranded. Srinath Narasimhan, General Manager for
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Indonesia’s GajiGesa Rolls Out Its Earned Wage Access Services on WhatsApp
GajiGesa, an Indonesian Earned Wage Access (EWA) platform, has announced the launch of its services on WhatsApp to provide workers access to their earnings in real-time. Through GajiGesa’s platform, employers can allow their employees to access a portion of their
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