Success In Developing In Indonesia, Finantier Aims For Southeast Asia Market

JAKARTA - The digital infrastructure platform Finantier managed to make a positive note throughout 2021. Born and grown in the midst of the COVID-19 pandemic, this platform with the Open Finance concept is developing well in Indonesia.

The Co Founder and COO of Finantier, Edwin Kusuma explained, in 2021 his party has achieved various achievements, one of which is being selected in the startup incubator from the United States (US) Y Combinator at the end of 2020, to holding a demoday of the results of the Y Combinator in early 2021.

In addition, Finantier has also been registered with the Financial Services Authority (OJK) as the organizer of Digital Financial Innovation (IKD) through one of their products, namely innovative credit scoring.

"Not only that, we have also received ISO 27001 certification for Information Security Management Standards," he said in a speech to the recipients of the Duniafintech Awards at the Mercure Gatot Subroto Hotel, Jakarta, Tuesday, January 18.

He explained that currently there are around 250 more companies both as partners and clients who are connected to the Finantier ecosystem, with an estimated million transactions. and several countries in Southeast Asia.

"Finantier sees this year as a year where we can grow better and bigger in terms of partners and clients, as well as individuals and MSMEs who are helped by our ecosystem. We also plan to increase our presence in other countries, such as the Philippines and other countries in Indonesia. Southeast Asia," he said.

The COVID-19 pandemic that has taken place in the past two years has changed the interaction patterns and habits of the Indonesian people, where they have gradually shifted to the digital world. This change is a valuable opportunity for the company to achieve bigger targets this year and next.

"Therefore, more comprehensive data is needed from the digital journey of customers or customers from various gig platforms in the fintech ecosystem in order to access financial products that suit their needs," he said.

This is what Finantier is trying to offer through its Open Finance concept to increase the financial inclusion of people who have not been touched by conventional or underbanked financing.

"So what is open finance? It's more about interoperability of banks with fintech ecosystems in order to provide safer and better services for the wider community," he said.

Specifically, he explained, Finantier's open finance service is business to business (B2B), which facilitates companies to utilize their data for further plans that can be executed directly in product development or other innovations to end users.

Therefore, Finantier's strategic target is more for banks and the fintech industry who want to reach more users, especially those who do not have transaction records or perform credit scoring by optimizing data.

It does not only process user credit scoring based on transactions from one platform or one industry, but also combines cross-platform analysis from banks, fintech, ride-hailing services, e-commerce, and e-wallet.

Meanwhile, in its one-year operation, Finantier presents three superior products, namely account aggregation, innovative credit scoring, and payment initiation.

Won the Best Open Finance startup award

For this reason, for its achievements and innovations in providing easy services to the public through an integrated B2B system, Finantier was named the Best Open Finance Startup at the Duniafintech Awards.

The Duniafintech Awards are organized by Duniafintech.com as an appreciation for various startups that are considered to have contributed greatly to "Improving Community Welfare in the Era of the Pandemic Through Financial and Technology"

"Finantier sees this award as an achievement from the hard work of the Finantier team. In addition, this award is also an appreciation of the innovations made by Finantier in the fintech ecosystem to encourage equitable access to finance and part of the acceleration of financial inclusion in Indonesia," he said.