Adapundi Establishes Loan Channeling Partnership with Bank DBS Indonesia | Bahasa
Indonesia.15 Feb 2024.0 min read
● Collaboration aims at supporting OJK in achieving financial inclusion index target of 90% by 2024
● Financing is available for individual customers and as a source of capital
Indonesia, 15 Feb 2024 - PT Info Tekno Siaga (Adapundi), a financial technology (fintech) company that provides information technology-based lending services, started 2024 with a loan channeling partnership with Bank DBS Indonesia. The collaboration aims at increasing funding capacity to expand digital financial services. The signing of the memorandum of understanding (MoU) was attended by Adapundi Director Achmad Indrawan and Head of Ecosystem Lending at PT Bank DBS Indonesia Willy Lawy.
The results of the 2022 National Financial Literacy and Inclusion Survey (SNLIK) showed that the financial literacy and inclusion index of the Indonesian people was 85.10%, up from 76.19% in 2019. The OJK expects Indonesia’s financial inclusion index to increase to 90% in 2024. Aware of this, Adapundi and Bank DBS Indonesia collaborate to provide access to credit facilities for customers based on loan eligibility and applicable terms and conditions. The tech-to-tech integration within the ecosystem will also provide product and service efficiency for users.
The partnership agreement with Bank DBS Indonesia is part of the realisation of Adapundi's long-term plan. Adapundi Director Achmad Indrawan said, "With the strategies and steps planned at the beginning of this year and the cooperation established with Bank DBS Indonesia, we are confident that we can continue to expand our funding reach into remote areas across the country so that more people can benefit from this facility to fulfil their needs."
On January 1, 2024, the Financial Services Authority (OJK) issued a regulation lowering the cap on the interest rate of fintech and peer-to-peer (P2P) lending from 0.4% per day to 0.3% per day. This is certainly a challenge in itself. However, Adapundi sees the regulation as an opportunity to expand the market reach of its services and create more inclusive financial solutions. Adapundi's cooperation with Bank DBS Indonesia not only provides financial solutions that are seamless, fast, and safe but also provide access to capital loans, especially for people with limited banking access (underbanked).
"As we embark on 2024, we continue to expand partnerships that support digital finance. Bank DBS Indonesia's partnership with Adapundi is our effort to deliver innovative and responsible banking products to accelerate financial inclusion in Indonesia, both for the general public and MSMEs. This initiative is in accordance with Bank DBS Indonesia's first sustainability pillar, Responsible Banking, to realize our vision to be the 'Best Bank for a Better World'," Head of Ecosystem Lending at PT Bank DBS Indonesia Willy Lawy concluded.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
The results of the 2022 National Financial Literacy and Inclusion Survey (SNLIK) showed that the financial literacy and inclusion index of the Indonesian people was 85.10%, up from 76.19% in 2019. The OJK expects Indonesia’s financial inclusion index to increase to 90% in 2024. Aware of this, Adapundi and Bank DBS Indonesia collaborate to provide access to credit facilities for customers based on loan eligibility and applicable terms and conditions. The tech-to-tech integration within the ecosystem will also provide product and service efficiency for users.
The partnership agreement with Bank DBS Indonesia is part of the realisation of Adapundi's long-term plan. Adapundi Director Achmad Indrawan said, "With the strategies and steps planned at the beginning of this year and the cooperation established with Bank DBS Indonesia, we are confident that we can continue to expand our funding reach into remote areas across the country so that more people can benefit from this facility to fulfil their needs."
On January 1, 2024, the Financial Services Authority (OJK) issued a regulation lowering the cap on the interest rate of fintech and peer-to-peer (P2P) lending from 0.4% per day to 0.3% per day. This is certainly a challenge in itself. However, Adapundi sees the regulation as an opportunity to expand the market reach of its services and create more inclusive financial solutions. Adapundi's cooperation with Bank DBS Indonesia not only provides financial solutions that are seamless, fast, and safe but also provide access to capital loans, especially for people with limited banking access (underbanked).
"As we embark on 2024, we continue to expand partnerships that support digital finance. Bank DBS Indonesia's partnership with Adapundi is our effort to deliver innovative and responsible banking products to accelerate financial inclusion in Indonesia, both for the general public and MSMEs. This initiative is in accordance with Bank DBS Indonesia's first sustainability pillar, Responsible Banking, to realize our vision to be the 'Best Bank for a Better World'," Head of Ecosystem Lending at PT Bank DBS Indonesia Willy Lawy concluded.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
