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Ready for Takeoff | Asian Legal Business


This year promises to be an exciting one for Indonesia’s fintech sector. While it still focuses on two main verticals electronic payment and peer-to-peer (P2P) lending the Indonesian fintech sector has grown to cover other verticals, such as aggregators, innovative credit scoring, financial planning, and project financing. Lawyers talk about what’s on the horizon for this booming industry.
 
Indonesia provides fertile ground for innovation in the fintech sector. Apart from having the world’s 16th-largest economy, it is also the fourth-most populous country with 274 million people, of whom 84 percent are below the age of 54. More importantly, Internet penetration stands at 67 percent, while financial inclusion is far from optimal. ....

Republic Of , Jakarta Raya , Elsie Hakim , Thomas Choo , Information Money Lending Services , Central Bank , Clyde Co , Indonesia Fintech Association , Financial Services Authority , Fintech News , Southeast Asia , Fintech Association , Information Technology Based Money Lending , குடியரசு ஆஃப் , ஜகார்த்தா ராய , தாமஸ் சூ , தகவல் பணம் கடன் சேவைகள் , மைய வங்கி , க்ளைட் இணை , இந்தோனேசியா ஃபிண்டெக் சங்கம் , நிதி சேவைகள் அதிகாரம் , ஃபிண்டெக் செய்தி , தென்கிழக்கு ஆசியா , ஃபிண்டெக் சங்கம் , தகவல் தொழில்நுட்பம் அடிப்படையிலானது பணம் கடன் ,

RBI is exploring ways to regulate online loan apps


RBI is exploring ways to regulate online loan apps
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The Reserve Bank of India (RBI) has reached out to Google, Digital Lenders Association, fintech association FACE and several NBFCs for inputs on ways to regulate digital lenders.
The RBI working group on digital lending has sought details from Google on its criteria for onboarding fintech loan apps on its Play store and the parameters these digital lenders follow.
Mumbai: The Reserve Bank of India (RBI) has reached out to Google, the Digital Lenders Association (DLAI), fintech association FACE and several non-bank lenders for inputs on ways to regulate digital lenders, three people aware of the development said. ....

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Nominations Open for the Finopotamus 2021 Tekkie Awards


Nominations Open for the Finopotamus 2021 Tekkie Awards
The 2021 awards, co-sponsored by Credit Union tech-talk, will recognize outstanding achievement in credit union technology in 2020
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SAN DIEGO, March 11, 2021 /PRNewswire/  
Finopotamus, the only online resource providing in-depth technology coverage exclusively to credit unions, announced that it is now accepting nominations for its inaugural 2021 Tekkie Awards. The awards are co-sponsored by popular technology e-newsletter,
Credit Union tech-talk. This will be an annual award series that honors significant achievement in credit union technology from the previous calendar year. The 2021 awards will thus recognize outstanding technology achievements from 2020. The nomination microsite is located here: https://finop.us/Tekkie21. ....

Roy Urrico , Credit Union , John San , John San Filippo , Fintech News , Visit Finopotamus , Finopotamus Llc , கடன் தொழிற்சங்கம் , ஜான் சான் , ஜான் சான் பிலிப்போ , ஃபிண்டெக் செய்தி ,

Open Banking in Vietnam Is On Track to Become Widely-Adopted, but Lags Behind More Developed Southeast Asian Countries


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Open Banking in Vietnam Is On Track to Become Widely-Adopted, but Lags Behind More Developed Southeast Asian Countries
March 9, 2021 @ 11:45 pm By Omar Faridi
Vietnamese banks are becoming a lot more aware of Open Banking policies and are beginning to realize that they should look into leveraging open APIs in order to remain relevant in the evolving digital financial services sector.
There are at least two local banks in Vietnam that have introduced developer portals and are now offering open APIs. The Asia Commercial Joint Stock Bank (ACB) and Orient Commercial Joint Stock Bank (OCB) in Vietnam have developed Open Banking solutions (that went live in January of last year). ....

United Kingdom , H Chíinh , Republic Of , South Korea , Australia Department Of Foreign Affairs , Korea Financial Telecommunications , Orient Commercial Joint Stock Bank , Koreaan National It Industry Promotion Agency , Asia Commercial Joint Stock Bank , Asian Development Bank , Clearings Institute , Vietnam Saigon Commercial Bank , Fintech Steering Committee , Open Banking , Saigon Commercial Bank , Fintech News , Southeast Asian , Steering Committee , Foreign Affairs , Koreaan National , Promotion Agency , ஒன்றுபட்டது கிஂக்டம் , குடியரசு ஆஃப் , தெற்கு கொரியா , ஆஸ்திரேலியா துறை ஆஃப் வெளிநாட்டு வாழ்க்கைத்தொழில்கள் , கொரியா நிதி தொலைத்தொடர்பு ,