[songyou]

March 2017 - Forbes Indonesia

While much attention has been focused on startups in financial technology (fintech), there is an equally large transformation afoot in the traditional financial services industry. The disruption caused by fintech is pushing established firms to innovate to stay competitive. Therefore, Kartika Wirjoatmodjo and Bank Mandiri for the cover makes perfect sense to illustrate this financial revolution. At 43, Kartika is the youngest-ever head of the bank, and meant to bring a fresh perspective to the country's largest bank (by lending). He has taken that mandate with gusto --- among his goals is to more than double the bank's market capitalization to $55 billion by 2020. On the fintech front, Bank Mandiri is quickly beefing up its tech prowess, with improved mobile banking, revamped Internet banking and other initiatives. One of its most intriguing efforts is venture capital --- the bank has set PT Mandiri Capital Indonesia with Rp 500 billion to invest in fintech startups.

On the regulatory front, the new fintech association has been working closely with the government to ensure this emerging industry can innovate while still protecting end-consumers. To the credit of the current administration, President Joko "Jokowi" Widodo is one of the biggest supporters of building the country's tech sector, including fintech, seeking to create a digital economy in Indonesia. While many can benefit from innovation and fintech, the biggest beneficiary is likely to be the economy. As robust financial services are at the core of any developed economy, the multiplier effect of fintech's disruption should be quite large in raising incomes, growing a larger middle class and creating wealth for society and government. All of these are noble goals --- and justify fighting for this revolution.

Download majalahnya di sini

Aplikasi MAJALAH INDONESIA tersedia untuk iOS,Android,dan Windows