{"id":1174,"date":"2021-08-05T03:45:59","date_gmt":"2021-08-05T03:45:59","guid":{"rendered":"https:\/\/www.sagaratechnology.com\/blog\/?p=1174"},"modified":"2021-11-16T04:12:59","modified_gmt":"2021-11-16T04:12:59","slug":"fintech-challenges-2021-in-indonesia","status":"publish","type":"post","link":"https:\/\/sagaratechnology.com\/blog\/fintech-challenges-2021-in-indonesia\/","title":{"rendered":"Fintech Challenges 2021 in Indonesia"},"content":{"rendered":"\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=MHr61r3-sH4\" target=\"_blank\" rel=\"noreferrer noopener\">Fintech in Indonesia<\/a> in its development, especially during this pandemic, looks positive. Statistical data from the Otoritas Jasa Keuangan (OJK) stated that the total distribution of fintech grew 113.05% to Rp128.7 trillion until the third quarter of 2020. In addition, the accumulation of borrower accounts also grew by 103.46%, or to 29.21 million. Thus, public interest in making loans during the pandemic through fintech in 2021 will grow.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69f624385407a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69f624385407a\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/sagaratechnology.com\/blog\/fintech-challenges-2021-in-indonesia\/#4_important_transformations_will_occur_in_2021_The_four_things_are_as_follows\" >4 important transformations will occur in 2021. The four things are as follows:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/sagaratechnology.com\/blog\/fintech-challenges-2021-in-indonesia\/#The_Effect_of_Covid-19_Will_Continues_To_Influence_Consumer_Behavior\" >The Effect of Covid-19 Will Continues To Influence Consumer Behavior<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/sagaratechnology.com\/blog\/fintech-challenges-2021-in-indonesia\/#Big_Data_Management_Determines_Fintech_Success_in_2021\" >Big Data Management Determines Fintech Success in 2021<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/sagaratechnology.com\/blog\/fintech-challenges-2021-in-indonesia\/#2021_Is_the_Beginning_of_the_Development_of_Integrated_Fintech_Services\" >2021 Is the Beginning of the Development of Integrated Fintech Services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/sagaratechnology.com\/blog\/fintech-challenges-2021-in-indonesia\/#Financial_Inclusion_Becomes_the_Main_Focus_of_the_Government_and_Fintech_Actors\" >Financial Inclusion Becomes the Main Focus of the Government and Fintech Actors<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"4_important_transformations_will_occur_in_2021_The_four_things_are_as_follows\"><\/span>4 important transformations will occur in 2021. The four things are as follows:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"The_Effect_of_Covid-19_Will_Continues_To_Influence_Consumer_Behavior\"><\/span>The Effect of Covid-19 Will Continues To Influence Consumer Behavior<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The spread of Covid-19 has forced people to reduce their activities, including transactions that have gone digital. OJK data in 2020 stated that e-commerce transactions increased by up to 400% per month during the pandemic. So that in 2021, cashless payments will become a necessity and digital wallets will become a habit.<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Big_Data_Management_Determines_Fintech_Success_in_2021\"><\/span>Big Data Management Determines Fintech Success in 2021<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>With the help of the cloud, machine learning, and artificial intelligence, fintech can build systems with real-time data. The Fintech industry can collaborate with IT developers in extracting data so that it can be read quickly and accurately or build their own <a href=\"https:\/\/sagaratechnology.com\/en\" target=\"_blank\" rel=\"noreferrer noopener\">software and financial data <\/a>algorithms that suit business needs.<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"2021_Is_the_Beginning_of_the_Development_of_Integrated_Fintech_Services\"><\/span>2021 Is the Beginning of the Development of Integrated Fintech Services<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>People who want to borrow money, shop online, read market trends and make financial records can be done using one application. In 2021, there will be more Fintech business players who focus on connectivity between services and building a more reliable verification technology system.<\/p>\n\n\n\n<h3><span class=\"ez-toc-section\" id=\"Financial_Inclusion_Becomes_the_Main_Focus_of_the_Government_and_Fintech_Actors\"><\/span>Financial Inclusion Becomes the Main Focus of the Government and Fintech Actors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Data from the National Financial Inclusion Survey (2018) shows that there are still many people who are not yet connected to the banking industry. Financial Inclusion Insight (FII) data and the National Financial Inclusion Strategy (SNKI) show that the number of account ownership per year in Indonesia has increased, but is still not as high as neighboring countries, such as Malaysia and Singapore. <em><a href=\"https:\/\/www.sagaratechnology.com\/blog\/\" target=\"_blank\" rel=\"noreferrer noopener\">More Here<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fintech in Indonesia in its development, especially during this pandemic, looks positive. Statistical data from the Otoritas Jasa Keuangan (OJK) stated that the total distribution of fintech grew 113.05% to Rp128.7 trillion until the third quarter of 2020. In addition, the accumulation of borrower accounts also grew by 103.46%, or to 29.21 million. Thus, public&#8230;<\/p>\n","protected":false},"author":14,"featured_media":1097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[123,109,128,124],"tags":[112,98,33],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fintech Challenges 2021 in Indonesia - Sagara Asia Blog<\/title>\n<meta name=\"description\" content=\"Fintech in Indonesia in its development, especially during this pandemic, looks positive. 113.05% until the third quarter of 2020.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sagaratechnology.com\/blog\/fintech-challenges-2021-in-indonesia\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fintech Challenges 2021 in Indonesia - Sagara Asia Blog\" \/>\n<meta name=\"twitter:description\" content=\"Fintech in Indonesia in its development, especially during this pandemic, looks positive. 113.05% until the third quarter of 2020.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/sagaratechnology.com\/blog\/wp-content\/uploads\/2021\/07\/Fintech-Challenges-2021-in-Indonesia.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sagara Technology\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fintech Challenges 2021 in Indonesia - 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