All News and Announcements
Krom Bank Accelerates Financial Inclusion in Indonesia With AWS Cloud
Through the use of AWS cloud services, Krom Bank aims to reach these populations by offering secure and user-friendly digital banking services that empower individuals with better financial management tools.
Indonesia's OJK Boosts Financial Inclusion in Rural Areas
The Inclusive Financial Ecosystem program has been implemented in 44 rural areas by involving the Regional Financial Access Acceleration Team (TPAKD) and financial service institutions.
ILO and KfW Join Forces to Empower Iraqi Small and Medium Enterprises and Foster Inclusive Growth
A new joint program will work to unlock access to sustainable finance, especially for young and women entrepreneurs.
Indonesia: BNI Awarded for Driving Financial Inclusion Among People With Disabilities
The award, which was given by the Financial Services Authority, recognizes BNI's initiatives to help micro, small, and medium enterprises (MSMEs) owned by people with disabilities through financing.
Lexasure Partners With AgriON to Offer Mobile Insurance to Farmers in Indonesia
Under the strategic partnership, Lexasure’s digital insurance offering for farmers, Flourish, will be integrated with the AgriON app, providing easy access to purchase and manage agricultural insurance to provide farmers with greater resiliency against adverse events.
Indonesian Financial Services Authority Enacts Consumer and Public Protection Regulation in the Financial Services Sector
The enactment of the new regulation could majorly update the the Indonesian Financial Services Authority's stated goal of maintaining a stable and transparent financial sector while protecting consumers and society.
Digitalization Key to Helping Micro-Retailers Grow Share of Indonesia's $80 Billion FMCG Market
IFC invested $5 million in equity to finance AwanTunai with the goal to bolster growth opportunities for micro-retailers -- many of them women – who are part of an industry made up of some 30,000 wholesalers and three million merchants.
Combating High Fintech Costs for Better Financial Inclusion
A breakthrough in risk management is needed through adequate information support by the Financial Services Authority.
Hong Kong Fintech Unicorn WeLab Raises $240M to Buy Indonesian Bank
With this move, WeLab is planning to launch a digital bank to capture the country’s enormous unbanked population.
IFC, National Bank of Iraq Partner to Boost Access to Finance for SMEs, Create Jobs
IFC announced an investment for the National Bank of Iraq to support the growth of smaller businesses in Iraq and help them create jobs and overcome challenges, including from COVID-19-related disruptions.