Pratama Adhi Nugraha

The New Frontier: How PDP Law Transforms Banking Risk Management Landscape As the full implementation of Indonesia’s Personal Data Protection (PDP) Law begins, banks and other industries face a critical inflection point. More than ever, safeguarding personal data must be at the forefront of risk management strategies. Let us delve into the transformative impact of the PDP Law on the banking sector’s risk-management landscape, highlighting the key steps banks must take to embed data protection principles into their operations, tackle emerging threats, and align with global compliance standards. For banking institutions, this is not just a regulatory obligation but an opportunity to strengthen operational resilience and enhance trust. It is interesting to learn how the PDP Law reshapes the future of data protection in Indonesia’s financial sector. https://lnkd.in/gRnN_P_T Jakarta Post, 16 Oct. 2024

363

7 Komentar

As one of the leading and fastest-growing BNPL players, Kredivo launched the 2024 Indonesian PayLater User Behavior Report in partnership with Katadata Insight Center (25/6). The fifth edition of the annual report shifted focus from e-commerce to in-depth developments of BNPL in Indonesia, analyzing consumer behaviors, shopping patterns and preferences in both online and offline transactions, as well as its contribution in accelerating financial inclusion. With a bottom-up approach using primary data, this report also explores the latest insights into the BNPL landscape, highlighting its potential and emerging trends. #gokredivo Download the full report here: https://kredivocorp.com/ (EN version starts from p.64) Read the news here: (ID) https://lnkd.in/gwdm92Wf 

144

💡GRC FOR PT TIMAH💡 Amid recent challenges and the urgent need for improvements in governance, risk, and compliance, PT Timah Tbk is taking a bold step forward with a strong commitment to GRC. Building sustainable, responsible, principled, and integrated performance is key to overcoming today’s issues and securing a brighter future for PT Timah.🙏 #JerryMarmenOnGRC #PTTimah #GRC #PrincipledPerformance #SustainablePerformance #Performance #Governance #Risk #Compliance #Sustainability"

45

🤔 Does your business need an online payment solution? In a country where digital transactions grew 30% YoY, staying competitive means having the right payment infrastructure. As your trusted innovation advisor, we're here to guide you through transformation. Swipe to discover: 📊 Indonesia's digital payment landscape 💡 3 major payment methods powering modern businesses 🔄 Simple 4-step implementation framework ⚡ How Brick can accelerate your journey ✅ Ready to unlock your business potential with seamless payment solutions? 🔗 Read our comprehensive guide: https://lnkd.in/g2GC3xjB #OnlinePayment #BrickIndonesia #DigitalPayment

4

With Fintech Apps becoming the go-to for carrying out payment activities among young and tech-savvy Indonesian consumers transform your business with seamless digital payment solutions! 🚀 93% of the Fintech Users in Indonesia are Gen Z & Millennials providing a strong foundation for Indonesian Fintech Apps & Companies to thrive. Dive into our latest report for more key Fintech insights and strategies https://lnkd.in/g2tuA5Zn 📈 #GoUltra #FintechReport2024 #Indonesia

14

Empowering MSMEs in Indonesia! 🌏 Since 2017, Finfra has been changing financial access for MSMEs through DanaBijak—bringing financing solutions to the heart of Indonesia’s small business ecosystem. 🚀 With 30 million MSMEs set to be digitised by 2025, the future of financial inclusion is brighter than ever. Curious about how fintech is shaping the nation's economy? 🎥 Watch the full story on CNBC Indonesia's Profit program here: https://bit.ly/491LC2w

1

Digital Classifieds Group (DCG) is excited to share a significant milestone in our journey. We have officially acquired IDEAL, Indonesia's leading mortgage fintech, through our trusted brand, Lamudi.co.id | Teman Tepercaya Cari Properti. This acquisition underscores our unwavering commitment to transforming and digitising the property buying experience for millions of Indonesians. Since its founding three years ago, IDEAL’s founders and team have developed cutting-edge technology that has redefined the mortgage experience. By integrating IDEAL into our ecosystem, we aim to leverage its innovation to serve the millions of users visiting Lamudi, OLX, and Lamudi Connect monthly. Starting today, IDEAL’s services will be seamlessly available across these platforms, empowering property seekers and agents to discover the best mortgage options and directly apply to an extensive network of 28 banks and financial institutions. We are thrilled to partner with Albert Raharja Surjaudaja, Ian Daniel Santoso, Jegan S. and the IDEAL team. Together, we will scale IDEAL’s reach across Indonesia and into the Philippines and other key markets where DCG operates. This collaboration represents a pivotal step in our shared mission to redefine property financing and ownership across Southeast Asia. https://lnkd.in/gz7_hRNp

4

Fraud is a hidden financial crime that can wreak havoc on businesses and individuals alike. From corporate fraud to Ponzi schemes, the impact is devastating. Learn about major fraud cases in Indonesia and discover how you can protect yourself with NawaData’s advanced fraud detection and prevention solutions. Don’t let fraud compromise your future—secure your assets now. For more information about NawaData, please check out https://nawadata.com/ #FraudPrevention #FinancialCrime #BusinessSecurity #NawaData #FraudDetection #MakeITSimple

13

We are proud to share that Yudhono Rawis, CEO of Tokocrypto and Vice Chairman of Asosiasi Blockchain & Pedagang Aset Kripto Indonesia, recently represented our industry as a panellist at the OJK Digital Financial Innovation Day Talkshow. During the event, OJK (Financial Services Authority of Indonesia) officially released the roadmap for the Development of the Digital Finance and Crypto Asset Sector from 2024 to 2028. The new roadmap is designed to strengthen the digital financial ecosystem, protect consumers, and support national economic growth. The industry has welcomed this roadmap with optimism, and Yudho expressed that this is a significant milestone for the crypto asset industry in Indonesia. Read more information in this article https://lnkd.in/g3AXFtTs #Tokocrypto #OJK #DigitalFinance #CryptoAssets #Blockchain #Innovation #ExchangeIndonesia

52

Despite significant growth and lofty valuations in 2021-22, the Indonesian wealth tech market is now facing challenging conditions, necessitating a re-evaluation of monetization strategies for long-term benefits. Y&S Chief Operating Officer, Jeffrey BAHAR, shared with DealStreetAsia how the industry must diversify beyond mutual funds and stocks to achieve higher profit margins: https://lnkd.in/gs66RGAp #yamadaconsultingandspire #yamadaspire #dealstreetasia #wealthtechplayers #indonesia #wealthmarket #mutualfunds #stocks #retailinvestors #transactionfees #strategicpartnerships #industrylandscape Ryosuke Funayama Leon Perera Japnit Singh Go S. Chi Nguyen Saurabh Sharma John Yam Adnan Kaddoura Tarek Elhousseiny Aditya Sapru David L. Llamas Daniel Faricy Lijo James Nhu Hua Adeline Lim Andrea Lim Ryo Takahashi Takafumi Kuramoto Bambang Tobing Albertus Edy Rianto yogi priyantoro Windy Pradipta Prizzy Natacia Sumie Mizugaki Marie Teo Twinkle Khurmi

16

❓❓Can seamless onboarding drive digital banking adoption❓❓ EY reports that 56% of Indonesian banking customers still prefer traditional banks as their primary financial relationship. This, despite their perception that technology brands offer better products and services. So, what would it take to drive digital banking adoption in Indonesia? The answer may lie in the crucial first touchpoint: Onboarding. For banks, manual onboarding processes not only slow down customer acquisition but also strain internal resources, increase compliance risks, and create operational bottlenecks. As the gateway to digital banking adoption, a frictionless onboarding journey does more than just satisfy customers – it transforms internal banking operations. When processes like document verification, credit assessment, and fraud checks are automated, banks can: ✅ Reduce manual intervention ✅ Speed up customer onboarding and loan TAT from days to minutes ✅ Minimize compliance risks through standardized checks ✅ Free up resources for high-value customer engagement With PowerCred, banks and lenders can eliminate manual processing across their onboarding journey. Whether you're going fully digital or streamlining your assisted journeys, our offerings seamlessly integrate with your existing systems to automate eKYC/eKYB, credit assessments, and fraud detection Ready to transform your onboarding process and accelerate digital adoption? Let's talk! Visit www.powercred.io or get in touch with us at [email protected] for a demo. #DigitalBanking #CustomerExperience #IndonesiaBanking #DigitalTransformation #ProcessAutomation #CustomerOnboarding

16

Fintech lending is thriving in 2024, with growth fueled by top players pushing the sector forward. Check the full story here https://lnkd.in/gK9HZguz Indonesia’s fintech industry is thriving, with UKU, LinkAja, and GoTo Financial at the forefront. UKU's risk control and user education strategies have maintained stable growth, while LinkAja focuses on expanding transaction volumes and partnerships. GoTo Financial has seen a significant rise in loan disbursements, driven by its Buy Now Pay Later services, contributing to a 527% YoY revenue increase. Visit www.theleap.id for daily insights from across key industries, where key players connect! #UKU #LinkAja #GoToFinancial #fintechgrowth #digitalfinanceIndonesia

6

Islamic Banking in Indonesia: The Trust Paradox That's Holding Back a Billion-Dollar Industry Imagine a country with the world's largest Muslim population, where 65% of Millennial and Gen Z consumers are already using Islamic banking. That's Indonesia, and it's a market ripe for disruption. But there's a catch – a staggering 43% of Indonesians don't trust that banks can be fully Shariah-compliant. It's a trust paradox that's holding back a billion-dollar industry. Despite this, Indonesian consumers are highly aware of Islamic banking products, with 74% familiar with profit-and-loss sharing partnerships. And across Southeast Asia, Millennial and Gen Z Muslims are demanding digital accessibility and ethical investing. In fact, 80% say that the availability of online or mobile Islamic banking is a dealbreaker. Islamic finance is poised to gain global traction, driven by its alignment with responsible investing and digital accessibility. But first, banks in Indonesia must overcome the trust hurdle and prove their Shariah compliance. P.S. How can Islamic banks in Indonesia build trust with Millennial and Gen Z consumers? Share your thoughts in the comments! #IslamicBanking #Indonesia #TrustParadox #MillennialMuslims #GenZMuslims #DigitalBanking #EthicalInvesting #SoutheastAsia #ResponsibleInvesting #ShariahCompliance

1

J Trust Bank (PT BANK JTRUST INDONESIA Tbk.) overhauls legacy system Read the full article: https://bit.ly/3zaAvqg #ChoWonJune, director of information strategy and technology at J Trust Bank explained how the bank is tackling the challenges of outdated legacy systems through a comprehensive digital transformation to improve customer service and efficiency in Indonesia. J Trust Bank, formerly known as Bank Mutiara, was acquired by J Trust Co., a Japanese financial services group, in 2014. This acquisition was part of J Trust’s broader strategy to expand its presence in Southeast Asia, particularly in markets where financial sectors were undergoing significant transformations. Bank Mutiara, originally established as a state-owned entity after the Asian financial crisis, was struggling with performance and was placed under the control of the Indonesia deposit insurance corporation, Lembaga Penjamin Simpanan (LPS) until it was acquired by J Trust. The acquisition not only provided the bank with much-needed capital but also brought in expertise aimed at revitalising its operations and enhancing its service offerings. The core issue driving J Trust Bank’s current technological overhaul is the severe limitation of its legacy systems. These systems, which had been in place for many years, had become outdated, leading to significant operational inefficiencies and hindering the bank's ability to grow and adapt to new market demands. Connect with senior banking decision-makers and industry practitioners at Finance Indonesia on 12 September 2024. This year’s theme, Innovation and regulatory excellence: Charting our future in banking, will explore the key trends shaping the industry. For more information, visit: https://lnkd.in/gpRDCjfc   Temenos Foo Boon Ping 胡文彬, TAB Global #DigitalTransformation #FinancialInclusion #CustomerExperience #BankingInnovation #CloudBanking #LegacySystems #MobileBanking #BlockchainTechnology #FinancialServices #SoutheastAsia #BankingSector #RegulatoryCompliance #CustomerEngagement #PersonalisedService #IndonesiaBanking #JTrustBank #Temenos #LPSIndonesia

18

In a continued commitment to corporate social responsibility and community welfare, KB Bank and affiliates of KB Financial Group (KBFG) in Indonesia, including Sunindo Kookmin Best Finance, KB Data Systems Indonesia, KB Insurance Indonesia, KB Valbury Sekuritas, KB Valbury Asset Management, and KB Finansia Multi Finance, have launched the "Together with KB Indonesia Sharing Kindness" initiative. This program aims to address malnutrition and improve child health by providing healthy and nutritious meals to underprivileged children. With the support of Hungry Happy Center, a South Korean NGO, this initiative is a step toward combating stunting and malnutrition, which remain pressing challenges in Indonesia. As emphasized by Tom (Woo Yeul) Lee, President Director of KB Bank, "We hope this program not only provides immediate support but also educates communities on the importance of balanced nutrition for children, fostering long-term, healthy habits and a brighter future for the next generation." We are proud to align this effort with Indonesia’s national goals to reduce stunting prevalence and contribute positively to the Sustainable Development Goals (SDGs). Together, we aim to create lasting, positive social impact. #CorporateSocialResponsibility #CSR #CommunitySupport #KBBank #KBFinancialGroup

89