At the AKKI conference, CRIF provided an overview of the current status of the credit reporting industry.
In October 2016, CRIF sponsored the annual event of the Indonesian Credit Card Association (AKKI) held in Perth Australia. Over 23 managers from card issuing banks in Indonesia, came together to learn more about the current trends and scenario.
CRIF, as global leader in the sector, provided an overview of the current status of the credit reporting industry in Indonesia.
Participants discussed and shared ideas on how to overcome the slow growth of the financial market over the last year and the slight increase in non-performing loans forecast for the latter part of 2016.
Card issuers are preparing to comply with the introduction of a new interest rate cap by the Bank of Indonesia, and together with all vendors are actively seeking ways to improve efficiency and identify winning strategies to keep growing in 2017.