Throughout 2021, Fintech Performance Needs To Be Appreciated And Awarded

JAKARTA - Financial technology companies need to be appreciated and should be given an award because they have recorded positive performance and supported the economy during this COVID-19 pandemic era.

Duniafintech.com as the first research media and articles and news that specifically discusses fintech in Indonesia, is taking steps. They made this appreciation by holding the Duniafintech Awards for the second time. The event will be held on January 18, 2022.

“Financial technology companies are a pillar in the digitalization era. In fact, fintech is also able to lift the economy and prosper the Indonesian people during a pandemic," said Chief Editor, Survey and Research Duniafintech.com Gemal AN Panggabean, in a statement, Friday, January 7.

“As the Indonesian Vice President Ma'ruf Amin said, fintech has contributed to the national economy. Fintech is able to contribute positively to economic growth of 0.45 percent and gross domestic product (GDP) of more than Rp. 60 trillion, "continued Gemal.

One of the fintech sectors that dominates is fintech P2P lending or fintech lending. Disbursement of loan funds also continues to increase. From data from the Financial Services Authority, the total loan disbursement has reached Rp272.4 trillion from 104 providers. The total recipients reached 71 accounts and 789 thousand lender accounts.

Throughout 2021 to October, fintech lending was able to channel loans to the production sector amounting to Rp. 67 trillion or reaching 53.63 percent of the total distribution. This shows the increase in the distribution of productive assets from year to year is getting higher.

"The OJK data and the statement of Vice President Ma'ruf Amin have become evidence of the achievements of fintech companies that are officially licensed in Indonesia," he said.

Gemal also mentioned the illegal fintech that is troubling the public. According to him, all stakeholders will continue to fight against illegal borrowing and hope that the government will continue to take action, such as legal action. On the one hand, illegal lending is eradicated, so officially licensed fintech and good achievements also need to be appreciated.

"If illegal lending is dealt with, then official fintechs who work hard and make big contributions need to be rewarded. So, only official fintechs with good performance will be awarded at the Duniafintech Awards," he said.

He hopes that this appreciation will also be able to create enthusiasm for fintech business actors and create a better business climate as well as a place to improve education and can make people distinguish between officially licensed fintech and illegal loans.

Meanwhile, the Duniafintech Awards don't only give awards to official online loan companies. There are also several other categories, considering that fintech is not only limited to online loans or P2P Lending. One of them is the insurtech category.

Duniafintech Awards will award Lifepal.co.id as the Best Startup Insurtech. Since the pandemic, Lifepal has recorded aggressive growth with registered users growing 12 times to reach 500k users.

Co-Founder of Lifepal.co.id, Benny Fajarai said that the appreciation from Duniafintech.com is a testament to Lifepal's commitment and dedication to continue to be the leading insurance marketplace in Indonesia.

“Lifepal dedicates this award to hundreds of thousands of users who have put their trust in getting the best insurance with us. The appreciation from Duniafintech.com is a testament to Lifepal's commitment and dedication to continue to be the leading insurance marketplace in the country through technology, so that it is able to provide various conveniences for the public in getting insurance easily and transparently," he said.

"In the future Lifepal will continue to provide innovations to facilitate the needs of each customer in choosing, comparing, and buying direct insurance easily and transparently with Lifepal," concluded Benny.