2. Definition
Financial technology, also known as FinTech,
is a line of business based on using software
to provide financial services. Financial
technology companies are generally startups
founded with the purpose of disrupting
incumbent financial systems and
corporations that rely less on software
FinTech – A definition by FinTech Weekly
https://fintechweekly.com/fintech-definition
(Image courtesy FinTech HK on Slideshare)
Basically, FinTech uses technology to enhance
the way money works (born from an attempt
to provide better and more efficient
alternatives to traditional banking and
payment systems).
Andri Budiwidodo, M.Comm.Sc.
@092016
4. INDONESIA: market size
Population: 255,5 million
Middle-class: 88 million
Internet users: 83,6 million
Internet penetration: 34.9%
Cellular users:
85% of
population
Bank account owner: 36%
of population
(Singapore: 96%, Malaysia 81%)
Number of
entrepreneur:
2% of population
Source: KONTAN research, Jul 2016
Andri Budiwidodo, M.Comm.Sc.
@092016
