FinTech Indonesia: New Association Links Government and Service Providers to Stimulate Growth and Innovation

fintech indonesia

Bareksa, Kejora, CekAja, Doku, Bank Mandiri, Veritrans and Kartuku teamed up to launch FinTech Indonesia, an association of Indonesian fintech service providers, reported e27‘s Anisa Menur.  The press conference was attended by Darmin Nasution, Minister of Economy, Budi Gunadi Sadikin, Managing Director of Bank Mandiri and Ivan Mortimer-Schutts, Regional Director IFC-World Bank.

fintech indonesiaFinTech Indonesia sees its role as a community group with a monthly meetup that connects technologists and executives from Indonesian financial services space. By publishing research, growing the community, and helping to advance an equitable and technology-centric financial service sector in Indonesia, Fintech Indonesia hopes to serve as a forum for fintech startups, banks, insurance companies, venture capitalists, as well as stakeholders from both the government and non-government side.

jp ellis“Fintech providers created an innovative and inclusive way to get millions of people to enjoy banking and financial services,” commented JP Ellis, CEO and Founder of CekAja and Compare88 Group, in an interview on DailySocial.

Dondi Hananto, Founder of Kinara Indonesia, expressed his hope for the association to serve its members’ interests. As a member of the steering committee, he stressed the importance for the association to lobby with the Central Bank and Financial Service Authority as regulatory bodies in the financial sector, reported Menur.

In his prescient post, Albert Santos delved into the current standing of crowdfunding in Indonesia, noting that while sector is still in its “infancy stage,” the government led by President Joko “Jokowi” Widodo is poised to help give crowdfunding the push it needed in his Nine Priorities Agenda.

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