APRILASIA BUSINESS OUTLOOK19COVER FEATUREIn Indonesia, the digital banking industry anticipates significant growth in net interest income, reaching a projected value of $3.63 billion by the end of 2025 according to Statista. The entire banking sector has undergone a digital transformation in the last three decades, and we have also seen the emergence of different kinds of banking technologies. The present generation of consumers is slowly overcoming the challenges of financial inclusion and becoming aware of the advantages of digital banking. Though we have seen a complete range of hardware and software technologies related to deposits and savings for consumers, we have not seen anything similar being attempted in the case of credit and loans. That is why Vishal Tulsian came up with Tunaiku 11 years ago in the wake of the Fintech revolution. He saw the opportunity to create a digital bank primarily specializing in loans. With that vision as a foundation, he went on to establish Amar Bank, Indonesia's first wholly digital bank, spurred by an aim to improve financial health and inclusion through the use of advanced banking technologies.According to the research conducted by Vishal and his team, a physical bank requires a significant amount of capital to acquire and service customers for loans. There are further costs involved in the risk assessment of applications. "We realized that by embracing digital innovation, we can serve Indonesians better, ensuring greater access to financial solutions that empower them and elevate their economic well-being. We are also equipped with systems that perform risk assessments digitally with minimal documents. There is a lot of room for innovative solutions in this space, and we hope to make a positive impact with it," mentions Vishal Tulsian, President Director, Amar Bank Indonesia.VISHAL TULSIANEmpowering Indonesians through Accessible and Hassle-Free Digital Loans By Hridkamal RoyVishal Tulsian,President Director,Amar Bank Indonesia
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