The fintech lending space in Indonesia is a flourishing industry and has been growing exponentially for the past few years. The government and industry’s approach in regulating, supervising, and nurturing the industry are contributing to the healthy growth of fintech lending in Indonesia.
Fintech - Research Dailysocial shows, Akulaku and Kredivo is a company of financial technology the field of lending and borrowing (fintech lending) is the consumer which services are most widely used throughout this year.
Of the 343 respondents, to 65.9% using Akulaku and 63% choose Kredivo.
Then, 30.6% of utilizing the services of HomeCredit and 27,1% credit.
Akulaku also be part of the loan for consumptive or online finance companies the most known throughout 2019, namely 86%.
(Read: Akulaku Will Release the MSME Credit and Vehicle End of 2019)
As much as 77,8% of respondents using online services finance companies because the need.
Decentralized finance offers open-source financial transfers and loans by providing borderless finance provision to people across nations.
This finance operating system saves time and gives easier access to people as they can operate DeFi platforms in any part of the world.
No involvement of the central authority adds beauty to the platform and it is highly preferable as the ownership of the assets are given to the asset owner directly.
As the pitfalls of the traditional fintech platform are solved by the DeFi protocols in DeFi, the future of DeFi will continue to evolve more rapidly and securely.
With DeFi the existing fintech world can be totally changed by the real world DeFi Decentralized applications.
These riskless defi platforms functions with the help of defi protocols like Uniswap, makar DAO, aave, etc... for various purposes.Uniswap is one of the popular decentralized exchanges on DeFi which bounds to make perform automatic swapping of tokens with the help of two smart contracts.
