| | | | One Country per Month | FinTech Possibilities in Indonesia | | FinTech is a hot topic at this moment. During the last five years, the world has witnessed many innovative changes in business models, customer experience, and delivery of banking, credit, and retail operations in South East Asia. It is important to be informed and understand what is happening in Asia, and more specifically, in Indonesia. We'll discover how banking, retail and mobile services in Indonesia have become more intelligent and more responsive, with insights from our expert guests. Nicole Oesman, Vice President of Credit Risk Management at Tokopedia, Benedicto Haryono, Co-Founder of KoinWorks, Kiki Ahmadi, Head of Business Development at Amartha and Ganesh Rengaswamy, Co-Founder of Quona Capital. | | | | | | | Five Biggest AML Fines on Banks | Banks are seeing a significant change in terms of new and strengthened regulatory compliance demands by regulators globally. Even though banking processes have changed and become much more efficient and transparent than before, the need to further lower compliance costs is still a key priority.
Sanctions monitoring, KYC remediation, anti-money laundering (AML) measures, and transaction monitoring are some of the costliest elements of compliance. Fines imposed by regulators for non-compliance are the other elements of compliance costs. | | | |
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