Arium Finance & Risk
The financing business has grown fast in the country in the past three years. The Indonesian Association of Financing Firm (APPI) said the industry has expanded 17.4% annually in the past five years. The expansion has been driven by leasing and consumer finance.
Multi-finance Industry in Indonesia is very regulated under the supervision of the Bureau of Financing and Guarantee of the Capital Market and Financial Institution Supervision (Bapepam-LK).
Competition in multi-finance industry is very tight. In addition to competition amongst 200 multi-finance companies, it also has to compete with banks that provide financing.
The growing market in one side and changing regulation in other side, make multi-finance business needs to adapt to both business environment and regulatory, thus needs a system that flexible to innovate products and flexible to adapt with changing regulations and high competition. In addition, the system may allow them to also maintain customer relationships.