Journal article
Catching up with indonesia’s fintech industry
K Davis, R Maddock, M Foo
Law and Financial Markets Review | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | Published : 2017
Abstract
The innovative use of technology in finance is posing challenges to many traditional businessmodels. At the same time it is challenging regulators. The key issue they face is how to balance the desire to encourage new businesses so as to intensify competition and provide better customer services in the sector, while protecting the system and consumers from excessively risky behaviour and potential disruption. For Indonesia the opportunity is very large given the uneven availability of finance and low levels of financial inclusion. This paper explores the new Indonesian regulation of platform lending in the light of standard regulatory problems, international experience with regulating the se..
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Funding Acknowledgements
Kevin Davis is a Professor of Finance at the University of Melbourne and Research Director of the Australian Centre for Financial Studies. He was a member of Australia's recent Financial System Inquiry. Rodney Maddock is a Professor of Finance at Monash University and researcher at the Australian Centre for Financial Studies. He was previously head of group strategy at the Comonwealth Bank of Australia. Email: rodney.maddock@monash.edu. Martin Foo is a Research Officer at the Australian Centre for Financial Studies and previously worked in the Australian Treasury. This work was undertaken with generous research support from Otoritas Jasa Keuangan, the Indonesian Financial Services Authority, and with financial assistance provided through the Australia-Indonesia Partnership for Economic Governance.