Aug 2022 – Cheng Xing has joined Nikel as Chief Product Officer effective July 2022. Cheng has more than 20 years’ experience in Retail & SME banking, across lending, payments and digital transformation. Cheng was previously Head of Delivery at
Celebrating one year of progress on the Nikel-managed Indonesian Resilience Fund. We believe it’s imperative for Indonesia’s economic recovery and resilience from C-19 pandemic to provide liquidity to the healthcare and essential goods delivery sectors. Since launching in March 2021,
Reinier Musters the CEO of Nikel joins Indo Tekno Podcast to review the latest breakthroughs in online SME lending in Indonesia, including critical improvements in credit scoring. Nikel, a company that Reinier founded in early 2019, has championed “embedded lending”, a turnkey
Digitisation of the economy is one of the focus areas for Indonesia’s growth. President Joko Widodo (Jokowi) is targeting a minimum of 20 million MSMEs to enter the digital ecosystem in 2022, followed by 24 million by 2023, and 30
Internet tariff in Indonesia is the 12th cheapest globally, according to a cable.co.uk report. Cellular operators warned that this may threaten the sustainability of the telecommunications sector in the country. The average price for mobile internet packages in Indonesia is
There has been interest from fintech P2P lenders to acquire banks, as part of their efforts to increase share of MSME lending in Indonesia. Most recently, P2P fintech, Amarta, was reportedly in talks to acquire Bank Victoria Syariah by taking
The Deposit Insurance Corporation (LPS) estimates that the interest on deposits will continue to decline but at a slower rate. The decline in interest rates has slowed down since the end of 2021, while liquidity conditions are still positive. At
The International Monetary Fund (IMF) highlighted three global risks that may overshadow Indonesia’s economic recovery. The first risk is the uncertainty of the pandemic, driven by low vaccination rates, risks of lockdowns and the emergence of new variants. The second
The National Long-Term Development Plan (RPJMN) targets 98% of Indonesia’s population to be covered by the National Health Insurance (JKN). However, as of December 2021, this target has only reached 86% of the population, and consequently, President Joko Widodo issued
There are four banks categorised as a KBMI, or bank with total capital across group holdings above US$ 4.86 billion (IDR 70 trillion). They are Bank Rakyat Indonesia, Bank Mandiri, Bank Central Asia, and Bank Negara Indonesia. According to the
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