JAKARTA. Financial technology-based bank PT Bank Amar Indonesia has registered Rp 120 billion (US$9 million) of loans disbursed through online platform Tunaiku, equating to 60 percent of its Rp 200 billion loan target for 2016. "Compared to other startup-based fintech [financial technology] loans, we can guarantee you that our loans are safer because we are monitored by the OJK [the Financial Services Authority]," said Bank Amer Indonesia director Vishal Tulian in Jakarta on Monday. Indonesia, he said, had great potential for fintech-based loans as the majority of its people still did not have access to banking services.
Amar Bank disburses Rp120 billion in online loans
JAKARTA. Financial technology-based bank PT Bank Amar Indonesia has registered Rp 120 billion (US$9 million) of loans disbursed through online platform Tunaiku, equating to 60 percent of its Rp 200 billion loan target for 2016. "Compared to other startup-based fintech [financial technology] loans, we can guarantee you that our loans are safer because we are monitored by the OJK [the Financial Services Authority]," said Bank Amer Indonesia director Vishal Tulian in Jakarta on Monday. Indonesia, he said, had great potential for fintech-based loans as the majority of its people still did not have access to banking services.