Independent Capital Indonesia And Saison Capital Held 'On The Axis: Reinventing Finance'

Photo: Doc. Mandiri Capital

JAKARTA - Mandiri Capital Indonesia (MCI) in collaboration with Saison International and Saison Capital, held a fintech conference entitled 'On The Axis: Reinventing Finance', an initiative aimed at strengthening the fintech startup ecosystem in Indonesia.

Saison International and Saison Capital are part of Credit Saison, one of Japan's largest non-bank financial institutions with a history of more than 70 years, which is listed on the Tokyo Stock Exchange. Attended by industry players, regulators, corporate leaders, investors, and startups, this conference underscores the importance of synergy between banking institutions and growing fintech startups.

With digital transformations increasingly accelerating changes in the financial sector, collaboration between fintech startups, banking institutions, and regulators is key to maintaining stability while encouraging sustainable innovation. This conference will discuss various key topics, including the latest developments in fintech, strategic partnerships between financial institutions and startups, strategies for effective collaboration, as well as efforts to build a future strong fintech partnership.

The event was designed as an in-depth discussion platform on the fintech ecosystem, challenges and the successful story of cooperation between financial institutions and startups, as well as an effective strategy to build a more resilient and stronger financial ecosystem. In addition, the event is also exploring potential new technologies such as artificial intelligence (AI), blockchain, open banking, as well as innovative approaches to bridging financial divides across Asia.

"We have been present in Indonesia since 2015, and are here for the long term. Although the Indonesian financial industry is very dynamic and continues to grow, one thing that is certain is a huge growth potential. For us, encouraging collaboration throughout the financial ecosystem and working together to encourage strong partnerships is the key to unlocking this potential and supporting the development of a more inclusive, accessible, and resilient financial ecosystem in Indonesia," said Kroya Mori, CEO of Saison International, in his statement, Friday, September 13.

With the background of the fintech industry continuing to experience technological disruption, this conference is focused on how industry players can navigate change while maintaining stability and compliance with regulations. Ronald Simorangkir, Mandiri Capital Indonesia President Director, also emphasized the importance of creating strong synergies between financial institutions and fintech startups that continue to grow.

"Along with the development of the global fintech industry, we see significant disruptions in various sectors, ranging from banking to investment. This is where important roles of regulation and innovation must be balanced. We at MCI are committed to facilitating partnerships that enable collaboration between fintech and banks, in order to create inclusive and sustainable financial solutions," said Ronald.

The event is divided into several discussion sessions and panels focused on four main themes:

1. Resilience and Innovation at the Global Fintech Market: Discussing about the global fintech ecosystem and how the current state of fintech in Indonesia is. Participants will explore ways to build a collaborative and strong financial ecosystem.

2. Fill in the gap through a Stronger Fintech Partnership: Discussing the importance of strategic partnerships with fintech, strong governance, compliance, and risk management for global startups looking to partner with banks in Indonesia.

3. Empower Partnerships through Fintech Enabler: Tell how technology such as AI, blockchain, and open banking changes traditional banking to increase efficiency, security, and customer experience.

4. Encouraging Impact, Inclusion, and Innovation: Explore how impact investing can support long-term business goals and accelerate financial inclusion in underserved communities.

The Fintech industry is more than just technological advances; fintech involves developing solutions that specifically meet local and regional market needs. Rapid changes in this sector open up significant opportunities to encourage financial inclusion, especially through strategic collaboration between fintech companies and financial institutions.

This form of cooperation can be a driving force in expanding financial services to underserved communities and encouraging innovation that benefits all parties.

The On The Axis Conference: Reinventing Finance is not just a discussion forum, but a dynamic platform that brings together industry leaders, innovators, and regulators to exchange knowledge, establish partnerships, and formulate strategies that can be directly implemented to form a future financial sector.

By taking advantage of the insights and collaborations created during this conference, we believe that every stakeholder will play an important role in building a more inclusive, strong, and resilient financial future.