The limitations of traditional lending solution creates a room for innovation via Fintech. Fintech is able to address the challenges that conventional lending providers face by utilising a combination of different business models, technology, and innovative approaches. Indonesia’s fintech market looks like an open bottle of honey to me. The fintech market has grown by 16.3% with total investment in fintech companies reaching $176.75 million in 2019.

Nowadays I do not need to waste my time fidgeting what I want to binge watch this weekend because my Netflix seems to knows what I would want to see better than me. And I often cringe if people ask me to share my Netflix account with them as that disturbs my suggestion algorithm. Similarly, while ordering from Myntra, it shows me suggestion of products which are available in my size and according to my spending capacity based on my previous buying habits.

If 2020 were to be described in one word then I would call it unpredictable or uncertain. There was a time when hand-crafted was preferred but as the nature showed it real face; Un-touched by hands became highly appreciated. Amidst all these changes the businesses had to build a business resilience strategy. In the wake of the pandemic, business resilience strategies adopted by companies are the superheroes saving the falling GDP. They say the best angle to approach a problem is a Try-angle!