INDUSTRY.co.id - Jakarta - Fintech which is considered the future for the financial industry has been recognized by many parties, including the banking sector, who are competing to launch innovations in the field of fintech.

Starting from major banks such as Bank Mandiri, BCA, BRI, to new players who immediately attracted attention is the application of Genius from Bank BTPN.

Not only big players, startups such as Tunaiku (borrow money) Jojonomic (application to help the reimbursement process), Bareksa and Stockbit (stock and mutual fund investment) also began to emerge.

According to data from Bank Indonesia, the value of fintech transactions will reach 1.9 billion US dollars or Rp 25.28 trillion (exchange rate Rp 13.308 / US dollar) in 2017.

The Indonesian Chamber of Commerce and Industry (Kadin) estimates that investments in the fintech sector until 2018 will reach 8 billion US dollars.

Recently DailySocial Survey to investors, noted, 60 percent agreed if fintech will become a trend in 2017.

Followed by Software-as-a-Service (SaaS) sector, the adoption of software as a service or service by 20 percent, then 10 percent of e-commerce, and other (revenue generating business) by 10 percent.

Quoting the coils, quoted by DailySocial data, said, during 2015-2016 there were 140 companies listed fintech players in Indonesia, grew up to 78 percent compared to two years earlier.

As for 43 percent of fintech players are engaged in the payment or payment sector. About 36 percent of Indonesians now have savings accounts.

That is, only about 90 million out of a total of 250 million populations that could potentially utilize the fintech service.

There are some big names that have shown its fangs, as a fintech player of choice. Like Modalku, one of the champions of Fintech Indonesia, who recently won the UN Award.

My capital is a fintech startup that gives SMEs access to capital. Where MSMEs are potential and alternative investment seekers are met through the digital market.

By funding MSME loans, my Modal lender gets an investment alternative with an attractive rate of return. On the other hand, MSME borrowers get unsecured business capital loans with an easy and fast online process.

My capital is the largest P2P lending platform in Indonesia, with total funding of around Rp 320 billion to 690 MSME loans in Indonesia.

While PT Digital Alpha Indonesia, fintech with Money Brand, one that enjoys rapid growth of fintech. Just look at the number of their funds that have reached the figure of about Rp 80 billion per end of September 2017.

Serving the community in 16 cities, 11 of which are in Java Island. The range of services was assessed not apart from the promotional efforts undertaken it this year.

Crowde, The fintech company that stood since August 2015 is a unique fintech. During this time the focus of providing agricultural credit.

More than Rp 17 billion that Crowde has helped to channel to farmers. Currently the distribution of farmers reach the island of Java, Sumatra, Kalimantan, and Sulawesi.

While TCASH. Next year TCASH can be at least 100 percent up. Approximately 10 million more active users are available.

TCASH as one of the major players in the largest mobile financial service e-money in Indonesia, entered as the third largest player in Indonesia.

For the development of its own business, until now already has approximately 5 million users.

Pinjam.co.id, a fintech company engaged in lending and mortgage lending, provides online pawn services that can serve loan funds quickly. This online pawn service has served nearly 2,000 customers in the first year.

Through its official website, Pinjam.co.id tries to facilitate customers in obtaining loan funds.