Plural Industry Holding Group’s Post

Navigating fintech in Indonesia: Insights from industry pioneers 🚀 Indonesia’s fintech sector has come a long way, starting with innovations in online payments and expanding into new areas, especially in tier 2 and tier 3 cities. The ability to meet diverse financial needs is driving growth and connecting underserved communities to the financial system. With interest rates easing, the landscape is primed for even more innovation. The country's high digital adoption combined with a largely unbanked population presents a unique opportunity for fintech to bridge gaps in financial access. In our latest insights, learn more about how to navigate fintech in Indonesia with Adrianus Hitijahubessy, CEO and Co-Founder JULO, Benedicto Haryono, CEO and Co-Founder KoinWorks, Hendry Lieviant, CEO and Co-Founder Komunal Indonesia and Moses Lo, Founder and CEO Xendit. Read the full story at https://lnkd.in/gVq7KbWm

Next in Indonesia, efforts to adopt digital technology require adequate investment support. To date, financial issues are still one of the main obstacles to the digital transformation agenda. Some examples include how some medium-sized industry players are reluctant to adopt digital technology because of cost issues, how 85-90% of start-ups that underwent government guidance failed due to funding issues, and how the cost component is too large for farmers to immediately take advantage of digital technology in the agricultural sector. 😎

When it comes to profitable trading, the key lies in intelligent decision making. But what if intelligence could do more than just boost your growth stats? What if it could start a revolution that emboldens sustainability in the software industry? Meet Vasanda, the London-based start-up striving to set new standards in sustainability screening. Vasanda has created the EcoSphere MRV tool that measures, reports, and verifies trade data through intelligent trade screening, providing instant impact data for seamless ESG* reporting. Immerse yourself in the details of their incredible journey and understand how advanced technology is shaping sustainability initiatives in the software industry. Check it out: https://UKT.news/?p=13357 #Sustainability #Software #IntelligentTradeScreening #Vasanda #Innovation #GreenTech #ESGReporting

🚌 E-Mobility in Kenya and Rwanda with BasiGo, 💻 online lending, investment and payment solutions in Zambia with Lupiya and 🍈 #innovative hydroponic greenhouse technology with PT Sweet Greens Indonesia in Indonesia:  These are three of nine innovative business models that DEG has committed funding for in 2023 via its Up-Scaling programme. In addition, we were proud to join these impactful #Fintech and #Greentech innovators as they scale their business models: ♻ Plastic-Credit Pioneer CleanHub, 💰 Debt Recoverer Colektia, 💸 Fintech Service Provider Djamo ,  👩🎓 Education Financing Enabler ErudiFi,  👨🌾 Agri-Value Chain Platform Provider PasarMIKRO, and 🏦 KYC-Data Streamliner Smile API. 🌍 With more than 80 start-ups financed in 30 countries, and more than 50 million euros in funding committed since its establishment, last year marked the ten year anniversary of the successful Up-Scaling financing programme. 👇 Find out more about these latest Up-Scaling financing commitments in the overview below. 💡 With the Up-Scaling Programme, DEG finances investments of Fintech and Greentech start-ups that want to expand their impact-oriented business models. The funding programme implemented by DEG is part of the "Partners in Transformation" programme of the Bundesministerium für wirtschaftliche Zusammenarbeit und Entwicklung (BMZ). Learn more about the funding conditions and portfolio of the programme here: https://lnkd.in/gEDDrDGi

🌾💻 Fintech Revolution in #Indonesian #Agriculture: Challenges and Opportunities I recently came across a fascinating article in the International Journal of Financial Studies that explores the implementation of financial technology (fintech) in #Indonesia agricultural sector. As someone deeply involved in #digitaltransformation and #fintech, I find this intersection of technology and agriculture particularly exciting. Key Insights: • Fintech is revolutionizing agricultural #finance in Indonesia, providing farmers with real-time data, precision advisories, and financial services. • The integration of IoT devices and data analytics is improving crop monitoring, disease prevention, and resource management. • Challenges remain, including infrastructure limitations and the need for improved digital literacy among farmers. My Perspective: Having led digital transformation initiatives across various industries, I see immense potential in fintech for agriculture. It's not just about providing capital; it's about creating a comprehensive ecosystem that empowers #farmers with knowledge, resources, and financial tools. The article highlights how fintech platforms are acting as intermediaries between investors and farmers, offering transparent funding schemes. This reminds me of the digital ecosystems developed at ASSA ABLOY Group, where technology bridged gaps and created new opportunities. 🤔 Food for Thought: How can we further adapt fintech solutions to meet the unique needs of rural farmers? What role can established financial institutions play in this #transformation? I encourage you to read the full article https://lnkd.in/de6yx6qD #Fintech #AgriTech #DigitalTransformation #SouthAsia #Innovation

Indonesia's fintech sector has experienced exponential growth, expanding six-fold from 51 active entities in 2011 to 330 by 2023. This surge reflects our nation's commitment to embracing digital solutions, which not only enhance financial accessibility but also pave the way for innovative opportunities across various sectors. Such growth is instrumental in shaping our economy's future, fostering an environment where technology and finance converge to empower every Indonesian. So, how many Fintechs will emerge in Indonesia this year? #FintechGrowth #DigitalIndonesia #Innovation #FintechGrowthIndonesia #FintechInclusion #TransformationalFintech

Last month we had a special event discussing financial inclusion and Indonesia's payment solutions with the financial experts 🚀 At the Executive Sundowner: Deep Diving into Financial Inclusion and Indonesia's Payment Dynamics, Ayoconnect and Susquehanna Asia Venture Capital together connecting minds in a room full of C-suite executives, founders, and industry leaders to discuss the future of finance in Indonesia. It was a very insightful session, huge thanks to our respected speakers: 1. Bambang Brodjonegoro, Former Ministry of Finance for Indonesia 2. Miranda Goeltom, Former BI Senior Deputy Governor 3. ILHAM A. HABIBIE, Executive Chairman 4. Akshay Bajaj, Investor Susquehanna Asia Venture Capital 5. Randall Aluwi, Director Indies Capital Partners 6. Jakob Rost, COO & Founder Ayoconnect 7. Chiragh Kirpalani, CEO & Founder Ayoconnect 8. John Patrick (JP) Ellis, Associate Partner McKinsey & Company Check out the glimpse of the event. Let's unlock new potential through innovation and further collaboration ahead! For more information about Ayoconnect, check our website at ayoconnect.com 🚀 #ExecutiveSundowner #Networking #IndustryLeaders #Fintech #Indonesia #Ayoconnect #ConnectLounge #ConnectingMind

As Southeast Asia continues to grow as a hub for technological innovation and entrepreneurship, several key developments are making waves across various industries. Here’s a look at five transformative trends and innovations currently shaping the future of business in the region. Subscribe to Pro Content now and snag a 50% discount to access these insights. 🚀 Personalised Insurance Through AI Artificial Intelligence (AI) is set to revolutionize the insurance industry by providing personalized solutions tailored to individual needs. Discovermarket’s Patrick Bühler highlights how AI can analyze vast amounts of data to offer customized insurance policies, enhancing customer satisfaction and operational efficiency. This shift is expected to streamline processes and reduce costs for both insurers and policyholders, making insurance more accessible and user-friendly. Read more: https://lnkd.in/gkTSHa5p 🚀Tech-Driven Noodle Production In a surprising blend of tradition and technology, Thai Wah, a 73-year-old noodle manufacturer, is collaborating with tech startups to innovate its production processes. By integrating cutting-edge technologies, Thai Wah aims to enhance product quality and diversify its offerings, proving that even the most traditional industries can benefit from modern tech partnerships. Read more: https://lnkd.in/gp7i_8Tv 🚀 Low Adoption of AI Tools in Workplaces Despite the buzz around AI, a recent survey revealed that one-third of Singaporeans have never used AI tools in their workplaces. This indicates a significant gap between technological availability and its actual adoption in daily business operations. Bridging this gap could unlock new efficiencies and drive competitiveness in the Singaporean market. Read more: https://lnkd.in/gHVwimAN 🚀Boosting Indonesia’s Economy with EVs Imoto, an Indonesian company, is poised to boost the local economy with its two-wheeler electric vehicles (EVs). By promoting sustainable transportation solutions, Imoto aims to address urban congestion and reduce pollution, while also creating new economic opportunities and jobs within the green technology sector. Read more: https://lnkd.in/gCDQ5VBd

A new report by AC Ventures, Boston Consulting Group (BCG), BCG X, and the Indonesian Chamber of Commerce and Industry (KADIN) highlights the swift adoption of GenAI in Indonesia's financial sector. Despite being in the early stages, 85% of surveyed institutions expect improved operational efficiency from GenAI, 76% anticipate an enhanced customer experience, and 66% foresee innovation in their products and services. The report, “Harnessing the Power of (Gen)AI in Indonesian Financial Services,” based on insights from 41 financial leaders and five fintech startups, will also contribute to Kadin’s upcoming white paper on economic development and policy for 2024-2029. The report asserted: “Considering GenAI has only been in the market for two years, its rapid adoption by traditional financial institutions, even within a highly regulated industry, underscores how seriously these businesses are taking the technology." 👉 Read the full article via DealStreetAsia here: https://lnkd.in/g34aHXHj 📄 Get the full report for free: https://lnkd.in/g2a6FQN9 #genai #financialservices #indonesia #acventures #bcg #innovation #digitaltransformation

I recently had the pleasure of participating in a panel discussion hosted by Appsynth titled "The Future of Wealth Tech in Thailand: Personalisation, Accessibility and Innovation," presented by the Digital Technology Group (DTG) of the British Chamber of Commerce Thailand (BCCT) The focus of the discussion was on exploring the evolving landscape of wealthtech in Thailand and the impact of technology on various stakeholders within the ecosystem. During the panel, I shared my insights on several key trends shaping the future of wealthtech: 1. Personalization Beyond Product Packages: While customizing product offerings is essential, true personalization requires a deeper understanding of individual investor needs and preferences. This extends beyond simply tailoring investment options. Here are some best practices to consider: Localization: Cater to Thailand's diverse demographics by offering content and interfaces in the user's preferred language and recognising cultural preferences in experience (the Japanese preference for web design being a key example!). Accessibility: Integrate features like screen readers and alternative text descriptions for images to ensure wider audience reach and compliance with Thailand's accessibility regulations. User-Centric Design: Empower users to personalize their dashboards and information displays based on individual preferences and investment goals. 2. Gradual Integration of Artificial Intelligence (AI): While AI offers powerful applications in wealthtech, building trust with investors is crucial. Initially, utilize AI for tasks like portfolio analysis and risk assessments, gradually increasing its involvement as users become comfortable with the technology. 3. Learning from User Behavior: The financial services industry can draw valuable lessons from industries like online dating, where technology design influences user psychology and engagement. This knowledge, when applied ethically, can nudge users towards informed financial decisions, fostering positive financial habits. 4. Catering to the Next Generation: The intergenerational wealth transfer is driving demand for alternative investments like digital assets. Wealthtech platforms need to adapt by offering these options alongside traditional investments to cater to the evolving needs of younger investors. The Thai wealthtech sector is experiencing significant growth, and technology plays a vital role in enhancing service delivery across all levels, from financial institutions to individual investors. Overall, as the digital transformation of services in Thailand continues, there will be significant opportunities for wealth managers and other financial services to differentiate themselves from traditional options! For those looking to explore this more I'm always happy to talk more over a physical or virtual coffee! #wealthtech #Thailand #Fintech #investment #personalization #AI #innovation