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FiNext Conference returns to Dubai for its sixth edition

FiNext Conference returns to Dubai for its sixth edition
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Indonesia s digital banks lack profitability amid industry-beating growth, say analysts

ANN/THE JAKARTA POST – Indonesian banks booked eight per cent year-on-year growth in loan disbursement in June, according to data from the Financial Services Authority (OJK). Most of that growth came from banks in the categories KBMI2, KBMI3 and KBMI4, with more than INR6 trillion in core capital, while smaller lenders in the KBMI1 capital […]

[Herald Interview] Indonesia s Aladin Bank CEO eyes digital banking partnerships with Korea

Dyota M. Marsudi, CEO of Bank Aladin Syariah, said he hopes to foster collaborations with Korean companies in the fast-growing digital banking sector. Bank Aladin Syariah is a digital banking institution under the supervision of the Financial Services Authority in Indonesia and a member of the Indonesian Deposit Insurance Corporation (LPS). Marsudi envisions digital banking as a strategic approach with a core commitm.

Analysis: Merah Putih Fund targets soonicorns with $300 million initial funding - Academia

Analysis: Merah Putih Fund targets soonicorns with $300 million initial funding - Academia
thejakartapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejakartapost.com Daily Mail and Mail on Sunday newspapers.

Indonesia has strode ahead in digital banking: how can Thailand do the same?

Digital banking is at a crossroads in Thailand. A small but not insignificant part of Thailand’s population is underserved by banks as of 2021, research shows that banking penetration stands at 85 percent. Digital adoption in Thailand is high, with smartphones seeing 106 percent penetration and digital banking being used by 90 percent of customers who have bank accounts. But digital banking offerings are limited, with either digital banking extensions of large existing banks or digital players specialising in only certain aspects of banking such as lending or payments, leaving ample room for the growth of full-fledged digital banks.

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