Brick Launches Indonesia’s First Open Finance Research

BRICK, payment platform and opendata Indonesia, in collaboration with DSInnovate, a research institute and innovation consultancy, to launch the report OpenFinance first in Indonesia titled “Open Finance 2022”.

The purpose of this review is to educate and raise awareness among financial industry players about concepts and solutions Open Finance, to encourage its adoption in industrial ecosystems fintech in Indonesia.

Produced from July to October 2022, whitepaper it has involved qualitative and quantitative research to dig up data to various sources, such as end users, players fintechand regulators in Indonesia.

In fact, more than 10 financial industries and 100 respondents from all over Indonesia have participated in the research OpenFinance the.

Not only that, Brick and DSInnovate also presented speakers from a number of industry players in Indonesia.

As a result, there are a number of interesting findings from the study results summarized in the report.

From the platform Industry insurtech for example, in this industry there are indeed challenges in obtaining more comprehensive data for conducting risk profiling to help insurance companies adjust premium prices.

Also read: Support Financial Inclusion Month, Fast Rupiah is present at FinExpo 2022

Meanwhile in Industry P2P Lending, Having more data allows financial companies to produce better and more personalized products.

With the accumulation of new insights on Open Finance Report 2022, Brick is committed to continuing to develop its capabilities in driving financial inclusion in Indonesia. B

ethan thanks to the commitment and after the release of the report, Brick has also been recognized as the winner of the competition 2022 Inclusive Fintech 50 (IF50).

Together with 257 participants from 79 countries, Brick made it to the list of 50 fintech top companies leveraging data and digital infrastructure to make products more inclusive for financial companies and impactful for poor and underserved communities.

Since its establishment in 2020, Brick has helped financial service companies throughout Indonesia by building fundamental data infrastructure and providing various B2B payment channels (Business to Business) through a reputable partner.

Not only that, Brick has also served users better through personalization of financial and payment services real-timeencourage financial inclusion and literacy to be fully achieved in Indonesia to produce the IF50 recognition.

Gavin Tan as Co-founder and CEO of Brick, emphasized the importance of validating Brick, “We are honored to have chosen Brick as one of the 50 fintechs in the Inclusive Fintech 50 competition,” he said.

“We realize that financial inclusion is the biggest aspect that we can support in accelerating economic growth in Indonesia,” said Gavin in a statement, Wednesday (9/11).

“Brick is here to build solutions and bridge these goals and support financial institutions in reaching the poor and underserved people,” he explained.

Gavin also added that Brick’s mission would not end here. He ensured that the company would continue to strive for financial inclusion by building B2B payment solutions for enterprise and MSME businesses in 2022 and beyond.

Please note that Inclusive Fintech 50 identifies early-stage fintech which promotes financial inclusion around the world through a competitive process and is judged by an independent panel of judges venture capital and technology and financial services.

Meanwhile, Brick is a B2B payment platform and opendata a platform that serves businesses to process payments and allows end users to share data securely with their favorite applications.

Bricks are the solution hyper-local to connect to important data from e-commerce to card transaction data.

In addition, the company also enables business people to complete each transaction with a payment orchestration infrastructure.

Brick is backed by leading global investors, such as Flourish Ventures, Better Tomorrow Ventures, Antler, and the founders and executives of TrueLayer, Plaid, Aspire, Modalku, BukuWarung. (RO/OL-09)

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