Indonesia’s Most Advanced Fintech Show in Jakarta

ACN Newswire and AsiaOne are reporting on the 11th edition World Financial Innovation Series (WFIS) event at Hotel Mulia Senayan in Jakarta, from 4 – 5 October 2022, hosted by Tradepass.

With Indonesia darting to incorporate the latest technology innovations in FSI, the country’s fintech is expected to generate USD 8.6-billion revenue by 2025. The move is further getting bolstered by Otoritas Jasa Keuangan (OJK) that is bringing favorable regulatory changes and has even launched a “Master Plan for the Indonesian Financial Services Sector (MPSJKI) 2021-2025.”

The event so far has drawn an array of the most spectacular technology providers to showcase their cutting-edge solutions from their exclusive exhibition booth on the event days.

The list includes TigerGraph, Newgen, ExtraHop, Resulticks, SEON, Incode, Backbase, PT NEC Indonesia, Solace, Hazelcast, Perfios Software Solution, Freshworks, Weefer, Credgenics, PT CRIF Lembaga Informasi Keuangan, Provenir, 8×8, Feedzai, Teleperformance Indonesia, AI Rudder, M2P, Finastra, IT Group Indonesia, Outsystems, Perkasa and Mambu.

In a statement issued, following TigerGraph’s participation announcement, Herfini Haryono (Country Director Indonesia, TigerGraph) said, “Graph technology is increasingly viewed as a gamechanger in the financial services space. With a projected transaction value of USD 125-billion for digital payments in Indonesia by 2027, there is an urgent need to bolster fraud prevention and detection as well as data risk assessment capabilities to help companies lower costs of payment fraud, uncover latent fraud patterns and deliver holistic customer experiences. Deep-link analytics, when combined with AI and Machine Learning, will be indispensable to financial institutions and fintech players that require real-time insights to improve and strengthen internal security procedures.”

WFIS 2022 – Indonesia, will also host over 500-technology and business heads from the leading Banks, Insurance and Micro-Finance institutions across the country who will explore the ideal technology solutions for their firms at the event’s Exhibition Hall. They will also get a chance to take back the latest industry intel shared by the most inspirational thought leaders comprising the best minds from FSI.

During an interview, the Co-Founder and CEO of Credgenics, Rishabh Goel, gave a very interesting fact about the industry, he said, “We have observed that more than 50-percent of the collections in retail loans can be completed through digital and automated mode, without any need for manual effort intervention. However, this potential has been underutilized due to the lack of a modern, digital-first and analytical approach. We are changing this by working with lenders across India and South East Asia to make their debt collections digital, data-driven, and customer-centric. We are excited to be a part of WFIS Indonesia and looking forward to engaging with the industry leaders over the two days.”

The event will power two knowledge-packed days filled with insightful presentations on the most pressing industry topics, deep dive panel discussions with the leading thought leaders, live showcase of the best fintech solutions and abundant networking opportunities.

Francesco-Strobbe, Lead Financial Sector Economist, The World Bank, is of the opinion, this summit provides an excellent opportunity to bring together financial institutions, regulators and other stakeholders to exchange perspectives and discuss the future direction of the financial services industry in Indonesia. This is critical to ensure that financial institutions continue to support the real sector, facilitate the transition towards a green economy, and explore new technologies to disburse inclusive finance.”

Some of the confirmed speakers for the event include IMANSYAH, Deputy Commissioner of OJK Institute and Digital Finance, OJK, TRIYONO GANI, Executive Director Digital Finance, Innovation Group, OJK; RITESH VARMA, Global Head and Vice President for Business Solutions Group, Newgen Software; DANIEL CHU, Vice President of Systems Engineering, APJ, ExtraHop Networks; MANI GOPALARATNAM, CEO & CTO, Resulticks; GHULAM IMADUDDIN, Director, Solutions Engineering, TigerGraph; KAIJIE HO, Senior Account Executive, SEON; RISHABH GOEL, Co-Founder and CEO, Credgenics and many others.

Some of the crucial topics from the event include, ‘Making Debt Collections Digital, Data-driven and Customer-centric’, ‘Defining An XDR Strategy’, ‘Data Driven CX in a Transformed World’, ‘Neo-Banks’, ‘Cloud Banking Platform’, ‘Building an AI Powered Bank’ and many others.

Organizer and CEO of Tradepass, Sudhir Jena said, “at a time when Indonesia is geared up to establish financial inclusion in the country, World Financial Innovation Series (WFIS) will be of paramount importance as not only it will bring the latest developments from the industry to the fore but will also foster collaboration between the public and private sector.”

For more information about the event, log on to:

About Tradepass

Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

Media contact:
Shrinkhal Sharad
PR & Communication Lead
+ (91) 80 6166 4401

Copyright 2022 ACN Newswire. All rights reserved.

This article is brought to you by ACN Newswire.


Sources: AsiaOne, ACN Newswire, Tradepass

Latest Post

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

[wpforms id=”43785″]

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.