Indonesia's Financial Services Authority convened a regional economic development forum in Batam to promote financial technology and data as tools for expanding micro, small and medium-sized enterprise financing in the Riau Islands. The initiative continues OJK's push to use Alternative Credit Rating Providers (PKA) and Financial Services Aggregation Providers (PAJK) to improve assessments of borrowers underserved by conventional financial institutions.
2026-09-01OJK
Indonesia's Financial Services Authority promotes alternative credit scoring and aggregation to widen MSME finance in Riau Islands
Indonesia's Financial Services Authority promoted alternative credit scoring and financial services aggregation to expand MSME financing in the Riau Islands. Fifteen local rural banks have partnered with aggregation providers, but no financial institution in the province has partnered with an Alternative Credit Rating Provider, leaving scope for wider use of alternative data in lending decisions.