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Building on the legacy of 21 successful editions, featuring 200+ speakers, 130+ sponsors, and facilitating 1200+ meetings across 10 cities worldwide, we are excited to present the 22nd Edition of BFSI Innovation & Technology Summit - yet another ROI-driven global edition that is laser-focused on providing actionable solutions to drive massive growth. Recognizing Indonesia’s thriving financial services sector as a hub for excellence for talented minds, this summit is set to bring together the most influential CTOs, CIOs, and Heads of IT on May 16, 2024, to network and share insights within the BFSI industry! Why secure your spot for this summit? It's simple. The 22nd Edition is gearing up to be bigger with: -Reputed CIOs, CTOs, and CISOs reserving their spots -Expert speakers from notable entities like the Indonesian Chamber of Commerce and Industry (KADIN), UOB, Bank Indonesia, and more, sharing their expertise -Speed networking ensuring engagement with 150+ qualified delegates We can't wait to welcome you and foster a diverse and effective financial sector for some of Indonesia's notable tech giants! 𝐃𝐚𝐭𝐞: 𝟏𝟔𝐭𝐡 𝐌𝐚𝐲 𝟐𝟎𝟐𝟒 𝐓𝐢𝐦𝐞: 𝟎𝟗:𝟎𝟎 𝐀𝐌 - 𝟎𝟓:𝟎𝟎 𝐏𝐌 𝐕𝐞𝐧𝐮𝐞: 𝐉𝐖 𝐌𝐀𝐑𝐑𝐈𝐎𝐓𝐓 𝐇𝐎𝐓𝐄𝐋, 𝐌𝐄𝐆𝐀 𝐊𝐔𝐍𝐈𝐍𝐆𝐀𝐍, 𝐉𝐀𝐊𝐀𝐑𝐓𝐀 Ready to engage in person with like-minded experts? Express your interest by clicking here.  https://bit.ly/48TGEDj Visit website: https://bit.ly/4aetZvE #business #Indonesia #apac #EXITOBFSI #technology #innovation #BFSI2024 #trending #bankingtechnology #jakarta #financialservicesindustry #fintech #banking #insurancetechnology #insuranceindustry #banking #finance #exito

MAS Commits Up To S$150 million for Technology and Innovation in Financial Sector The Monetary Authority of Singapore (MAS) today announced that it will commit up to S$150 million over three years under the renewed Financial Sector Technology and Innovation Scheme (FSTI 3.0) . FSTI 3.0 seeks to accelerate and strengthen innovation by supporting projects that involve the use of cutting-edge technologies or with a regional nexus, while doubling down on MAS' commitment to promote a vibrant technology ecosystem for the financial sector. Enhanced Centre of Excellence track – Formerly known as the Innovation Labs track, the scope of grant funding will be expanded to include corporate venture capital (CVC) entities, at funding support of up to 50% of qualifying expenses, capped at S$2 million per project. #ESG #Fintech #Singapore #MAS #FSTI

Axiata Group's Fintech arm, boost sets to accelerate MSMEs' #financialinclusion and digitalization to help the #underserved market in Indonesia. 🔑 ‘MSMEs hold a strong position in Indonesia, employing 60% of the workforce and contributing over 60% to the country's GDP.‘ 🔑 ‘However, many struggle to obtain financing for their businesses with 77.6% of MSMEs in Indonesia have yet to receive banking credit and only less than 35% are included in the digital economy ecosystem.’ 🔑 ‘Boost was founded in both #Malaysia and #Indonesia in 2017 with the aim to spur growth for MSMEs through financial services and merchant-focused solutions.’ 🔑 ‘In Indonesia, Boost offers two financing services through P2P lending, namely invoice financing and supply chain financing.’ 💸 ‘As of 2023, the company has disbursed nearly IDR 9 trillion (c.$600m) worth of loans in Malaysia and Indonesia since its inception, with over 40% or around IDR 3 trillion (c.$200m) of this amount being disbursed in Indonesia alone.’ 🗞️By https://lnkd.in/ePjpC99x 👏 For the #FinancialInclusionChallengers reimagining inclusive financial services 🚀 Anthony Sheyantha Abeykoon I Stefanus Warsito I Thomas Hundt I Team Axiata … #fintech #financialservices #digital #credit #lending #financing

The World Bank estimates that more than 1.1 billion individuals lack officially recognized identification. The importance of customer identification in #digital financial services ( DFS) cannot be overstated. This issue disproportionately impacts the underserved—rural residents, the economically challenged, #women, #youth, and other vulnerable groups. It further creates a significant barrier to #financialinclusion globally. In this regard, Helix Institute at MSC delivered a training session to Central Bank of Indonesia on “Customer Identification in #DFS.” In this training, we delved into the nuances of customer identification in digital financial services and discussed the creation of a conducive #digitalidentity ecosystem to fast-track financial inclusion. We also explored the regulatory considerations crucial for this process to build the regulators’ capacity for customer identification in digital financial services to foster financial inclusion. This session is a testament to our commitment to helping practitioners, policymakers, and regulators hone their skills to adapt to the contemporary requirements and digital future. Let’'s collaborate to shape a more inclusive and equitable #digitalfinancial landscape. Discover more about our courses here: 👉 https://bityl.co/6zXe #FinancialInclusion #DigitalIdentity #CustomerIdentification #DigitalFinancialService Raunak Kapoor, Grace Retnowati Bangladesh Bank Bill & Melinda Gates Foundation Asian Development Bank (ADB) Ritika Sah Harry Baskoro Juda Agung, PhD 

BNM has issued the 2nd Financial Inclusion Framework 2023-2026 which serves as a four-year strategic roadmap and principle-based guidance to advance financial inclusion in Malaysia. The new Framework takes into consideration the alignment of strategies towards new emerging growth angles in financial services, and achievement of the United Nation’s Sustainable Development Goals (SDGs) and Environmental, Sustainability and Governance (ESG) propositions for higher value creation. It provides principle-based guidance on defining the financially unserved and underserved, with the aim of ensuring greater alignment of industry efforts with inclusive finance goals. Looking forward for its effective implementation that will lay the foundation for individuals and businesses to improve their financial health and resilience, stimulate the economy and promote socio-economic growth! #malaysia #BNM #resilience #inclusion #financialinclusion #ESG #SDGS #sustainabledevelopment #sustainability #economy #finance #health #growth #financialservices

In the first half of 2023 alone, Malaysia has made significant strides towards its digital economy goals through various government initiatives, and up-and-coming foreign investments. As part of this, the government is currently focused on transforming the public sector, increasing the competitiveness and resilience of Malaysian SMBs, and promoting the country as a strategic destination of quality investments through the enhancement of digital adoption across industries. Following this trajectory, the term “Asian Digital Tiger” has been used by Malaysia’s Communications and Digital Minister Fahmi Fadzil in reference to the country’s potential in being a leader in the digital economy in Asia, to drive growth and innovation in the region. To achieve this, Malaysian businesses should understand that there is a collective responsibility in helping the country develop an ecosystem that includes strong digital infrastructure, supportive policies, and a skilled workforce. Embracing digital disruption for the benefit of the economy Malaysia’s digital transformation continues to evolve and expand, with new opportunities and challenges emerging in equal measure. According to 2022 data by the International Data Corporation (IDC), a high proportion of organizations in Asia-Pacific overall are still lagging in digital agility. In 2 years, 18% of APAC organizations have made the leap to become agility leaders where technology adoption is integrated, and guided by an enterprise strategy and roadmap. However, the majority are still lagging in digital agility with 62% in the slow or tactical stages (i.e., agility followers). A good example is Malaysia’s PETRONAS Dagangan (PDB), a subsidiary of PETRONAS, who faced challenges in reducing errors for software processes such as patching and configuration management at its 1,076 petrol stations. With Red Hat, PDB was able to automate its IT operations and run timely patch updates, which led to increased efficiency, scalability, and security.