Indonesia
BRI employs AI ‘brain’ to merge its digital and physical presence
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.
Chart of the Week: Indonesia’s card payments market to grow 10.7% in 2022
Growth will be driven by the rise of debit card use.
UOB’s Indonesian digital bank arm launches buy now pay later services
TMRW Pay offers deferred payments with zero-interest for up to 90 days.
Standard Chartered partners with Kredivo to offer BNPL in Indonesia
Assets of fintech players in the country grew by more than IDR1t or by over $70m.
Indonesia’s Bank Raya, BRI unveil online loan facility for BRILink Agents
Agents can apply for the loan through the BRILink Mobile application.
Standard Chartered invests $500m in BNPL fintech Atome
The partnership is eyeing 16 million customers by 2025.
Indonesian fintech startup Komunal clinches $2.1m Series A funding
The company offers Neo-rural bank services locally.
Indonesia’s Bank Neo Commerce teams up with Qualtrics to improve digital banking experience
It will make use of Qualtrics services to personalize its banking journey.
Loan forbearance extension clouds Indonesian banks’ asset quality for longer
The extension is a positive for their asset quality and profits, but credit costs will remain elevated.
OVO dominates Indonesia as digital payment platforms
It also leads in both brand awareness, usage, and active users.
CIMB Niaga, JCB launch contactless credit card In Indonesia
Transactions below $70 (IDR1m) do not require customers to enter a pin.
Indonesian banks’ risks rise as new wave of infections dampen economic recovery
The rising number of COVID cases will delay the return to normal repayment schedules.
Refinitiv launches electronic trading service in Indonesia
This is the country’s first interbank electronic marketplace for the trading of rupiah.
Indonesia mulls tightening fintech, P2P regulations
New regulations may include higher capital hurdles for P2P players.
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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