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Authors: Suryaputra Wijaksana, Bank Central Asia and Juan Tarigan Tetangena, Jakarta Indonesia’s digital banking or ‘neo-bank’ boom has slowed. Investors now shun once-glorified digital banks, sending their stock prices plummeting along with other capital-intensive sectors. Start-ups are reining in discounts and promotions. Global factors are partly to blame, with recessionary fears and tighter monetary policy […]
The post Indonesia’s digital banking sector needs coordinated support and data integration first appeared on East Asia Forum. Read more at: eastasiaforumTags : asian financial crisis banking capital-intensive sector consolidate banking industry conventional banks data data integration digital banks digital rupiah digitised economy fast credit disbursement fee based incomes high credit risk increasing cost of funds indonesia internet broadband speed neo-bank boom recessionary fears single presence policy start-ups stock market drop tech investment tighter monetary policy weak capital growth young customers
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