CREDIT SCORE FOR INDONESIA

"Financial services in Indonesia have grown rapidly since the 2008 global financial crisis, leveraging innovation and new financial technology (fintech) to expand reach and provide new customer services.
Fintech is growing rapidly due to the expansion of internet access; penetration of mobile phones, especially smartphones; big data analytics; and a variety of new financial service providers from electronic money and mobile payments to alternative finance platforms, including peer-to-peer (P2P) and other digital lending models.
Fintech complements traditional financial institutions and is seen as evolutionary, not disruptive. Indonesia's fintech sector is not only helping banks, it is also creating new financial players who are rapidly connecting with more unbanked and unbanked customers than in the past. If done right, responsible fintech has the potential to close the financial inclusion gap faster than conventional financial services.
This is important because the banking penetration rate in Indonesia is still low, namely 48.9% in 2017.1”