Fintech Business Getting More Sexy, Bank Hana Disbursed Rp. 100 Billion Loans For Smart Credit

Illustrated. (Irfan Meidianto / VOI)

JAKARTA - PT Bank KEB Hana Indonesia (Bank Hana) disbursed capital assistance of IDR 100 billion to PT Kredit Pintar Indonesia to support the business activities of this financial technology (fintech) company in expanding access to financial services for the public.

Bank Hana's Chief Consumer Banking Officer Anton Hermawan said that the collaboration was a good momentum for the company to answer the challenges of conventional banking.

According to him, banking institutions have certain challenges in reaching the underbanked and underserved groups, namely those who have limited access and who have not been reached by conventional financial services.

"Through the collaboration with Kredit Pintar, we are optimistic that the distribution of funds can be utilized by users who really need it," he said in an official statement, Tuesday, April 6.

Anton added, the partnership with fintech peer-to-peer lending is a new business model for the company. Therefore, the principle of prudence in lending needs to be applied more strictly.

"The good track record and high integrity of Kredit Pintar in loan processing, from submission to approval, is one of the reasons we welcome and support this collaboration," he said.

On the same occasion, Director of Kredit Pintar Wisely Wijaya stated that the synergy with Bank Hana is a manifestation of confidence in the company's performance in providing short-term access to capital for the public.

"We are sure that this Rp100 billion loan will be able to reach the people who really need it," he said.

Wisely explained that since its establishment in 2018 to March 2021, the company has distributed loans of Rp. 14 trillion to 2 million debtors.

"Kredit Pintar has more or less than 650,000 active borrowers, with a total loan range this year of IDR648 billion and total outstanding loans of IDR996 billion," he said.

For your information, since the emergence of fintech in 2016 this industry has grown rapidly in encouraging financial inclusion in Indonesia.

According to the National Survey of Financial Literacy and Inclusion (SNLIK) conducted by OJK in 2019, Indonesia's financial inclusion rate in 2019 reached 76.19 percent. This figure shot up from the 2017 period of 50 percent.