Indonesia
Indonesia’s finance and banking sector second most cyber-attacked industry
Financial institutions were attacked triple the average global every week.
Indonesia’s finance and banking sector second most cyber-attacked industry
Financial institutions were attacked triple the average global every week.
Indonesia’s fintech investments bucks global trend, hits record high in H1
Payment gateway Xendit raised $300m in its Series D funding to help push up the numbers.
DBS names Lim Chu Chong as president director of DBS Indonesia
Lim is currently the COO of DBS’ Institutional Banking Group.
Home Credit Indonesia closes $10m ESG-linked loan with Deutsche Bank
The loan will be used to increase financial inclusion and literacy.
Indonesia’s LINE Bank launch two new digital loans
The loans feature flexible repayment options.
BRImo superapp offers digital account opening for Bank Raya
The gig economy-focused digital bank now has over 700,000 users.
CIMB Niaga, JCB Indonesia launch digital credit card
The card offers 10% cash back for online transactions through OCTO Mobile.
Why LINE Bank chose Indonesia as its third home
After successful launches in Thailand and Taiwan, LINE is going steady in Indonesia.
Indonesia's PermataBank names new president director
Rusli has worked for international institutions, including Goldman Sachs and Accenture.
Deutsche Bank installs deposit machines at Toyota financing branches in Indonesia
The machines will transmit real-time data to the company.
Bank Raya offers instant bailout funds for faster small loan disbursements
Borrowers can access up to US$1,700 in loans.
OCBC NISP transforms its branch into a financial fitness gym
This is the bank’s way to instill the “FinanciallyFit first, CrazyRich later” mindset to the younger generation.
Indonesia secures US$150m sustainability-linked loan from ADB
Indonesia has an annual infrastructure financing gap of around US$51b.
BRI employs AI ‘brain’ to merge its digital and physical presence
BRIBrain has helped the bank reduce loan application times from 2 weeks to 2 minutes
Indonesia launches real-time payments infrastructure BI-FAST
Twenty banks are already live and have access to 24/7 real-time credit transfers.
Indonesia prohibits financial institutions from trading crypto
OJK clarified that supervision of crypto is under Babbepti and the Ministry of Trade.
Indonesia’s big four banks’ asset qualities remain under pressure in 2022
The banks’ credit costs are sighted to remain elevated.
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. Citi names Amit Dhawan as head of CCB Singapore 3. StanChart joins Visa’s B2B Connect to enhance cross-border payments 4. Hang Seng Bank warns against phishing email 5. Fintech Qashier clinches in-principle approval for a MPI license from MASAwards
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