TrustDecision shared expertise on key fintech challenges at the AFPI CEO Forum, enhancing digital lending security in Indonesia.
August 9, 2024
3 minutes
Yuqi Chen
Jakarta, Indonesia - As the digital lending sector in Indonesia witnesses unprecedented growth, it faces emerging challenges in the dynamically evolving post-election landscape. The recent AFPI CEO Forum 2024 in Jakarta, proudly supported by TrustDecision as a Platinum Sponsor, addressed these pivotal issues head-on.
Indonesia’s fintech P2P lending market is attracting increasing attention, driven by its potential to revolutionize financial inclusion. Yet, this expansion is accompanied by significant hurdles including high customer acquisition costs, the threat of advanced AI deepfake fraud, limited data accessibility, and the intricacies of authenticating legitimate customers. These challenges are magnified by the recent shifts in political climate, economic policies, and regulatory frameworks, demanding innovative solutions to safeguard continued growth and mitigate risks.
Reynard Tjahja Wiguna, representing TrustDecision, delivered an impactful presentation that highlighted the our learnings in tackling the complex application fraud and our deep-rooted commitment to bolstering the credit lending industry in Indonesia. Our suite of advanced analytics and comprehensive anti-fraud solutions are specifically designed to navigate and conquer these multifaceted challenges, ensuring a secure and sustainable expansion for credit lenders throughout the region.
The forum brought together industry experts and leaders, including TrustDecision’s team: Jim L., Lee Jen Wai, Kent Chong, Patrick Lu, and Shiwei Li. The discussions and collaborations forged during this event highlight the collective drive toward a more secure future for fintech in Indonesia.
As we continue to face these challenges together, TrustDecision remains at the forefront, championing a robust framework for digital lending that promises both growth and stability for the industry. To further illustrate, we have recently published a detailed case study on our work with a prominent cash loan platform in Indonesia. Explore this case study on our website to see how TrustDecision is making a difference in the fintech landscape.
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