The Great Crossover of Fintech and Digibanks

The Great Crossover of Fintech and Digibanks

12 April, 2024

Indonesia’s traditional lenders have been barging into the turf of fintech firms, launching services including BNPL. Meanwhile, standalone digital banks have been taking on fintech lenders. This comes even as pure fintech players, especially the P2P lenders, face several headwinds like a rise in bad loans. Diversity, scale, and risk management capabilities will be key if fintech players have to keep their heads above the water.

This report examines fintech players’ challenges amid Indonesia’s evolving financial landscape.

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