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Fintech as the Catalyst for Ultra Micro Businesses

The collaboration between the banking industry and fintech has been echoed for quite some time, both by business players and the regulators. KUR can be one of the actualization of this collaboration where banks as loan distributors can cooperate with fintech players that work in the financing/lending service, financial products comparison service, or aggregator, to open new markets as expected by the Government. In order to operate without hiccups, this collaborative venture must be supported by the government and regulators, both OJK (Financial Services Authority) and Bank Indonesia.

Source: The Jakarta Post (p.12), 5 September 2017

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