The Indonesian banking sector has enjoyed a steady growth for the past five years. However, we have seen rising volatility in financial markets, weak commodity prices and a sharp increase in non-performing loans (NPLs). The Brexit and a surprising US election result have added to global uncertainty. At the same time, the industry – locally and globally – is undergoing a rapid technology transformation, which is driving new and enhanced strategies.
With such strong and steady growth, Indonesia has become more capable of entering the era of digitisation after the booming of digital transformation and the revolutionary innovations. These capabilities can be clearly witnessed in major steps taken, like the cooperation between the Australian Securities and Investments Commission (ASIC) and Indonesia’s financial services authority, Otoritas Jasa Keuangan (OJK). OJK aims to promote financial innovation across their markets, in addition to issuing a new law that will affect all financial technology (fintech) peer-to-peer (P2P) lending firms in the country.
The Future of Finance, Indonesia (formerly called Indonesia International Banking Convention) is an ongoing annual series of dialogues amongst senior bankers and fintech players in the region discussing changes in the global and regional retail banking, industry. And, for the first time in 2017 we are offering an additional conference simultaneously FutureWealth Indonesia designed for customers to know how to make better financial decisions – educating them on how to plan for a better future
Key issues to be covered