FINANCIAL

TECHNOLOGY:
A DISRUPTION TO
FINANCIAL SYSTEM
1 2
GLOBAL FINTECH
OVERVIEW DEVELOPMENT

3 4
RISKS AND BANK
CHALLENGES INDONESIA’S
POLICY
FinTech in Harmony
TRANSFORMASI TEKNOLOGI FINANSIAL
THE CHANGES
ARE INFLUENCED 1970s

BY TECHNOLOGY

2017
 Kebutuhan Dasar Generasi Milenial

Self
Actualisa
Teori Maslow Baru tion

Esteem

Social Needs

Safety and Security

Physiological Needs

Wifi

Battery
TEKNOLOGI BERGERAK SEMAKIN REVOLUSIONER
TAHUN 1980 TAHUN 2015 TAHUN 2020 ?
富不过三代
(“Fu Bu Guo San “Digital is the main
Dai”), reason just over half
harta/kekayaan/ of the companies on
bisnis tidak akan the Fortune 500 have
melewati/bertah disappeared since the
an dari tiga year 2000 …..”
generasi
(Pierre Nanterme, CEO of
Accenture)
(pepatah China kuno)
Kecepatan inovasi teknologi di industri keuangan terakselerasi semakin cepat....
Dalam kurun waktu 2015-2016-2017, intensitas perhatian terhadap FinTech dan jenis-jenis teknologi (inovasi)
baru meningkat sangat signifikan…
 Inovasi teknologi yang pesat menjadi fundamental yang baik bagi pengembangan layanan di bidang industri
keuangan...

FINANCIAL MANAGE GET

PAY SAVE BORROW
SERVICES RISKS ADVICE

Distributed Smart
INNOVATIONS Machine
learning, Ledger (incl.
Blockchain)
Contracts,
Biometrics
APIs, Digital
predictive Wallet
analytics

Distributed Mobile Access,

AI, Big Data Cryptography
FOUNDATIONS Computing Internet

Sumber: IMF Report (2017)

FINTECH IS A FUSION BETWEEN… BENEFITS TO CONSUMERS

Change of Business  More choices of products

Model  Better quality of services
 Lower prices
TECHNOLOGY
BENEFITS TO FINANCIAL SYSTEM
 Decentralisation and
FINTECH diversification can dampen
the effects of financial
shocks.
 Efficiency in operations.
FINANCIAL SERVICES  Improving transparency (less
asymmetric information).
Less Barrier  Supporting financial inclusion
to Entry
BENEFITS TO THE ECONOMY
 Supporting monetary policy
transmission
 Increasing money velocity
 Supporting economy growth
Nilai transaksi TekFin 2017 di seluruh dunia diperkirakan mencapai USD3,3 triliun. Nilai transaksi tersebut diperkirakan
akan tumbuh 20,5% per tahun sehingga mencapai USD 7 triliun pada tahun 2021.1
 Transaksi TekFin di Indonesia 2017 +USD18,6 miliar, dengan porsi terbesar di area digital payments (99%), sejalan dengan
jumlah pelaku TekFin yang mayoritas bergerak di area Payment, Clearing, and Settlement…

DISTRIBUSI PELAKU TEKFIN NILAI TRANSAKSI TEKFIN

8%
20% (11 pelaku)
(28 pelaku) Investment, Risk &
Deposit, Lending and Management
Capital Raising

22% 50%
(72 pelaku)
(31 pelaku)
Payment Systems,
Market Provisioning
Clearing &
Settlements
Di satu sisi, perkembangan FinTech yang semakin pesat memperbesar perannya dalam sistem keuangan dan berpotensi
mengubah landskap sistem keuangan global...
Kemunculan FinTech dianggap mendisrupsi tatanan sistem keuangan yang telah ada. Bahkan layanan yang disediakan oleh
FinTech cenderung mendisagregasi fungsi perbankan...
Kategori FinTech yang
LAYANAN BANK LAYANAN FINTECH mendisrupt
Digital Wallets, eMoney, Payment Clearing and
Payment Services
Cross-border payments Settlement
UNIVERSAL BANK

Aggregators, comparison & Market Provisioning

Customer Relationship switching tools, robo advisors
Peer to peer lending, big Deposit,Lending and
Retail and Commercial Banking data analytics, Capital Raising
receivables

High frequency trading, Investment, and Risk

Wholesale banking, markets algorithms Management

Wholesale payments, clearing and settlement Distributed Ledger Supporting Technology

infrastructure
Sumber: BoE,
diolah
Di sisi lain, semakin berkembangnya TekFin dapat meleverage risiko baik di sisi mikro maupun makro….

PEMETAAN RISIKO TEKFIN

RISIKO MAKRO

RISIKO MIKRO Contagion Risk

Risiko Risiko
Finansial Operasional
Procyclicality
 Maturity  Governance/
Mismatch Process Mgmnt
 Liquidity  Cyber Attack
Mismatch  Third Party Reliance Excess Volatility
 Leverage  Legal/Regulatory
 Business Risk Risk

Too Big Too Fail

Sumber: BoE, diolah

 1. Berubahnya DINAMIKA 2. Munculnya
Kebijakan
atau munculnya INDUSTRI peran dan
Model Bisnis fungsi baru di Lebih adaptif terhadap laju inovasi akibat
baru di Industri Industri semakin kecilnya response time otoritas

Pengaturan
Memperkecil gap waktu perubahan industri
dengan pengaturan tanpa mematikan inovasi

Pencatatan dan Perizinan

Pendekatan dan Identifikasi awal sebelum
masuk ke dalam rezim perizinan

4. Otoritas 3. Otoritas Pengawasan dan Pemantauan

mengeluarkan mengklasifikasi &
ketentuan sebagai mendefinisikan Memberikan kesempatan bagi pengawas
RESPON untuk mendeteksi risiko lebih dini
bentuk mitigasi peran baru beserta
OTORITAS
risiko risiko
Agar TekFin dapat berkembang lebih jauh, Indonesia perlu menciptakan ekosistem FinTech yang kondusif...
Institutes support the fintech community by mentoring and Protect customers through appropriate rules and provide supportive
assisting and producing a more talented workforce incentives to help fintech grow

Nimble and innovative start-ups are UNIVERSITIES & RESEARCH BI, GOVERNMENT &
enabling many elements of traditional REGULATORS Angels, VCs and PE houses are all
financial services looking at fintech as a viable investment

START-UPS INVESTOR
Ekosistem
FinTech

From corporates to retail Banks are currently determining a

customers, many are considering suitable approach to engage with
how they could leverage fintech fintech companies and leverage
to improve their services or innovation
experience. respectively

Incubators are offering a means for big business to

Exploring ways to embed fintech solutions in engage and assist young companies meet their
their solution stack potential

TECH VENDORS INCUBATORS, ACCELERATORS & INNOVATION

LABS.

Sumber: KPMG Report (2016)

Sebagai bank sentral, Bank Indonesia maupun otoritas lainnya seperti OJK, memiliki komitmen untuk
mendukung tumbuhnya ekonomi digital dan inovasi namun dengan tetap menerapkan prinsip kehati-
hatian dalam menjaga stabilitas moneter dan sistem keuangan.…

STABILITAS MENDORONG
1. Menjaga Stabilitas Moneter dan SSK 1. Mendorong Inovasi di bidang
2. Menjaga SP yang aman, lancar dan keuangan
efisien 2. Mendorong Pertumbuhan
3. Memonitor Shadow Ekonomi, termasuk ekonomi
Banking/Underground Economy digital
4. Memitigasi Risiko dan Mendorong
Perlindungan Konsumen

Concern
Bank Indonesia
FINTECH bersifat hybrid dan multi kewenangan 25
25

Koordinasi antara OJK dan BI menjadi kunci karena Fintech beroperasi dan memiliki potensi
untuk berkembang menerabas fungsi, sifatnya hybrid, sehingga batas kewenangan kerap
overlap...

Kewenangan BI di Kewenangan OJK di

Market
Makroprudensial dan Support Bidang Mikroprudensial
SP-PUR

Investment & Risk

Mgt POJK 77/2016
PBI PTP, APMK, UE, TD

Payments,
Clearing & Deposit, Lending &
Settlement Capital Raising
 Financial regulation framework can be designed to achieve a balance between financial inclusion and
financial stability…

Coordination Innovation Infrastructure

- Greater To keep the rapid - Building stronger
collaboration and advancement of financial service
dialogue among technologies in infrastructure
regulator financial sector
- Boost the role of
- Establishment • Promote digital payment system
national policy finance
coordination • Proactive role for
the development of
SMEs Financing
• Test-and-learn
environment

Sumber: KPMG Report (2016)

Sebagai bentuk dukungan Bank Indonesia bagi ekonomi digital dan ekosistem FinTech khususnya di bidang sistem
pembayaran, Bank Indonesia telah mengeluarkan peraturan tentang Pemrosesan Transaksi Pembayaran (PBI
18/40/DKSP) untuk mengakomodir perkembangan inovasi dan peran baru di sistem pembayaran, termasuk FinTech…

Players BI Regulation No.18/40/PBI/2016 concerning

PAYMENT TRANSACTION PROCESSING

Payment
Interfaces
 National Campaign for
Cashless Society
(Bansos, Parking, e-Toll, etc))

Centre of Excellence for FinTech

Development

(Platform for Innovation

Development, 2017 - soon)
TERIMA
KASIH!