• News Archive
  • Simaster
  • Webmail
  • Directory
  •  English
    • Indonesia
Universitas Gadjah Mada Universitas Gadjah Mada Universitas Gadjah Mada Universitas Gadjah Mada
  • Education
    • Doctoral dissertation
    • Inauguration of Professor
    • Graduation
  • Achievement
  • Research and Innovation
    • Research
    • Innovation
  • Campus Info
    • Cooperation
    • Seminar and Workshop
    • Student Community Service Program
    • Other
  • News Report
  • Home
  • News Report
  • Banking Encouraged to Fund Startup Business

Banking Encouraged to Fund Startup Business

  • 12 August 2016, 08:20 WIB
  • By: Marwati
  • 2175
  • PDF Version
Perbankan Didorong Tingkatkan Pembiayaan Perusahaan Startup

Technology advancement in financial sector has changed the behaviour of people to make non-cash transactions via mobile banking. The wider use of mobile apps have also opened the way for digital based companies. This should be grabbed by the banking sector to support the birth of new startup companies. “Most in the banking sector or 80 percent serve as commercial banks while for venture capitals are still a few,” said Chairman of Commisionary Board of Savings Guarantor Agency (LPS), Dr Halim Alamsyah, in the national seminar themed Inspiration for Finance from Indonesia during the conference of Indonesia Financial Association (AFI) in the auditorium of MM UGM, Wednesday (10/8).

Halim said the total of venture investments capital reached 20 billion dollars globally in 2015, in 2010 it was only below 5 billions. Indonesian banks, however, do not have an eye for digital based companies with  49 percent of credit goes to regular companies, 13 percent to SMEs, 8% multifinance and 4% micro-business.

Indeed, there is still a few of startup businesses in the country, but Halim was convinced that if supported by infrastructure and regulation, the startup business will flourish. It is because more people have used  mobile apps for financial transaction. “It is predicted that  60 percent of clients use mobile apps for access to financial services in five years,” he said.

Halim highlighted the ITC development that has changed the way to manage financial technology with more people downloaded mobile apps. On the other hand, startup companies have to be responsible to maintain client data, because in terms of operation, startup ventures often get rejected by existing companies.

Related News

  • CEO of Legal Clinic Gives Startup Mentoring to UGM Students

    Friday,04 May 2018 - 16:26
  • Startup Business Players Should Not Easily Give up

    Wednesday,25 April 2018 - 8:53
  • Information Minister: Students Need to Assess Digital Technology Business

    Tuesday,16 August 2016 - 10:37
  • Gaining Benefits from Innovative Academy

    Friday,24 February 2017 - 14:46
  • UGM and LSPP to Prepare Banking Certification Training

    Thursday,22 February 2018 - 10:18

News Releases

  • Agricultural Engineering Students Grab Medals at 2022 AE-ARC 20 May 2022
    UGM Agricultural Engineering students won four medals and
    Salma
  • UGM Students Win International Chess Tournament 19 May 2022
    UGM representatives have been named winners at the 25th GA
    Salma
  • UGM Researchers Breed New Black Soybean Cultivar 17 May 2022
    A team of researchers at the UGM Faculty of Agriculture is
    Salma
  • UGM Inaugurates New Professor of Chemical Engineering 13 May 2022
    Universitas Gadjah Mada (UGM) celebrated the promotion of
    Salma
  • UGM Among World’s 10 Best Universities to Deliver SDG 1 10 May 2022
    Universitas Gadjah Mada (UGM) was ranked in the top 10 glo
    Salma

Info

  • Install Fest Windows
    29 September 2017
  • Streaming Author Workshop Writing and Publishing
    14 July 2017
  • Hokkaido University Short Term Exchange Program HUSTEP
    08 January 2016
  • 2016 Amgen Scholars Program in Japan
    08 January 2016
  • Jardine Foundation Scholarship for Postgraduate Studies at University of Oxford and University of Cambridge
    01 July 2015

Event

  • 30May International Academic Conference on Tourism (INTACT) 2022 ...
  • 21Jul The International Conference on Sustainable Environment, Agriculture, and Tourism (ICOSEAT)...
  • 07Sep The 8th International Conference on Science and Technology (ICST 2022)...
Universitas Gadjah Mada
UNIVERSITAS GADJAH MADA
Bulaksumur Yogyakarta 55281
   info@ugm.ac.id
   +62 (274) 588688
   +62 (274) 565223
   +62 811 2869 988

PARTNERSHIP

  • Alumni
  • International Affairs

ABOUT UGM

  • Rector's Welcome
  • History
  • Vission and Mission
  • The Board of Executive
  • Management

VISIT UGM

  • Campus Map
  • Event

REGISTRATION

  • Undergraduate
  • Graduate
  • Vocational School
  • Professional Program
  • International Program

© 2022 Universitas Gadjah Mada

PRIVACY POLICYCONTACT