All News and Announcements

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News

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.

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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.

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Solomon Islands Meet With UNCDF, New Zealand and the European Union on the Delivery of $15 M for Locally Led Adaptation

The Local Climate Adaptive Living Facility, which will deploy over USD15 million in climate finance will support the delivery of adaptation projects at the grassroots level and deliver on national commitments to build resilience to the escalating impacts of climate change.

News

New Mobile Money Service Welcomed as a Tool for Financial Inclusion in Solomon Islands

Launched in June 2023 by the country’s largest telecommunications provider, the new mobile money service M-Selen aims to bring basic financial services to the fingertips of everyday Solomon Islanders.

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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.

News

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. 

News

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.

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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.

News

Combating High Fintech Costs for Better Financial Inclusion

A breakthrough in risk management is needed through adequate information support by the Financial Services Authority.