WFIS is a highly focused initiative that carefully cherry-picks key decision-making profiles from the Philippines' leading financial institutions that’re actively seeking cutting-edge solutions.
Over
of attendees
had influence or sole responsibility in purchase decisions
All delegates at WFIS WFIS 2025 - Indonesia were pre-qualified based on their allocated budgets for the procurement of new solutions.
All delegates at WFIS 2025 - Indonesia came with a pre-determined timeline for the procurement and implementation of new solutions. Here’s a quick representation.
Southeast Asia’s largest economy, Indonesia continues to witness accelerated demand for more advanced and personalised financial products and services. Digital payments dominate all economic activity, driven by a nation wide QRIS adoption and e-wallet usage, with total fintech transaction values crossing hundreds of trillions of rupiah annually.
To top it all, the ecosystem has evolved well beyond payments, now spanning digital lending, wealth management, insurtech, embedded finance, regtech and fintech-led SaaS solutions. During this transformative period, Indonesia’s Financial Services Authority (OJK) is actively supporting the ecosystem with the launch of ‘Roadmap for the Development and Strengthening of Technology Innovation in the Financial Sector, Digital Financial Assets, and Cryptocurrency for 2024-2028 (IAKD Roadmap)’.
Organised by Tradepass, the 8th Edition of World Financial Innovation Series (WFIS) on 27-28 October 2026 at Raffles Jakarta will provide a direct access to Indonesia’s thriving financial sector. The event will host over 600 technology and business heads from the leading Banks, Insurance Companies & Micro-Finance institutions across the country.
The conference features exclusive keynote sessions, engaging fireside chats and deep dive panel discussions on the most trending industry topics.
These insightful sessions are powered by the most renowned thought leaders who serve as a great source of knowledge, inspiration and wisdom for the many attendees at the platform.
The exhibition features an engaging display of the most advanced solutions powered by the leading solution providers.
Not only do these providers get an unparalleled opportunity to interact with the region’s strongest buyers but also a great platform to improve their overall branding efforts.
Top Talents | Competitive Categories | Exquisite Dishes | Cocktails
The awards & gala program brings the most extraordinary talents from the financial services industry to the forefront and applauds their relentless efforts.
The evening also gets complemented by an extravagant dinner that features a fine spread of scrumptious dishes and spirit-lifting drinks.
This session allows all participants to unwind, relax and have relaxed conversations with peers and prospects.
It facilitates the best of ice-breaking sessions amidst a lively setting with great beverages and delectable savory dishes.
Industry Focus // WFIS 2026
Select a sector to explore
Indonesia's insurance sector is digitally transforming against a USD 30 billion market led by life insurance at 70% of total premiums. Public health programs offer near-universal coverage, but private insurance remains under-penetrated, driving steady, long-term growth.
Low Penetration
2.7%
Insurance penetration sits at just 2.7%, held back by geography and literacy gaps.
Strict New Rules
OJK IAKD Roadmap
Tightening regulations, including new capital mandates, are pushing smaller insurers to merge and larger ones to modernize.
Key Segments
Life Insurance
The largest segment, driven primarily by unit-linked products.
Health & Micro-insurance
BPJS Kesehatan covers most of the population; private insurers add a premium layer, while platforms adopt embedded insurance to distribute micro-policies via e-commerce and super-apps.
General Insurance
Property and motor lines are growing, with firms adopting AI-driven underwriting and claims automation to streamline operations and combat medical inflation.
Indonesia's micro-finance sector is booming, driven by digital fintech apps and government KUR loans (Kredit Usaha Rakyat), fueling small, informal businesses and national financial inclusion. NPLs are rising, hovering around 4.3% in April 2026, making lending riskier and raising the need for robust Financial Data Security & RegTech frameworks.
Financial Inclusion
~76%
As millions of Indonesians join formal banking.
Key Player
35M+
Bank Rakyat Indonesia (BRI) serves more than 35 million micro-borrowers.
Digital Growth
QRIS
Mobile wallets and QRIS adoption continue to drive transaction value.
Loan Costs
~20.53%
Small business lending rates have risen to roughly this level.
How It Works
Banks & BPRs
State banks like BRI pair branches with village units, while rural banks pursue BPR digitalization.
Fintech
Super-apps use alternative credit scoring for unbanked vendors.
Co-ops
Offer quick cash at higher rates.
Indonesia's banking sector in 2026 is highly resilient, pairing strong institutional capital with rapid digital innovation. Major banks and standardized mobile payments merge financial services with lifestyle apps to bank the country's young, tech-savvy population.
Sector Value
$1000B
Roughly $1,000 billion, and growing steadily.
NPLs
~2.1%
Well-controlled at roughly 2.1% industry-wide.
Core Innovations
QRIS
Serves 50M+ users and 32M merchants, expanding cross-border into Southeast Asia, East Asia, and the Middle East.
BI-FAST
Real-time, low-cost interbank transfers.
Open Banking (SNAP)
Banks partner with fintechs like GoPay and Dana on embedded finance.
Digital Rupiah
Bank Indonesia pilots Project Garuda.
Generative AI
Biometric KYC, automation, and real-time fraud detection are now standard.
Indonesia's financial sector is led by two main policymakers: Bank Indonesia (BI) for monetary policy, and the Financial Services Authority (OJK) for banking supervision. The sector navigates strong economic growth, high technology adoption, and external financial pressures.
Sharia Banking
Under 8%
Of total assets, despite the large Muslim population.
Fintech Rules
AI Governance
Regulators mandate responsible AI governance to manage algorithmic risks and data privacy.
Fiscal Deficit
Under 3%
Capped below 3% of GDP.
Key Policymakers
Bank Indonesia (BI)
Sets interest rates, controls inflation, and drives Open Finance 2.0 API Standardization for digital payments and ASEAN connectivity.
OJK
Oversees capital markets and fintech, pushing the Indonesia IAKD Roadmap and enforcing OJK Reg 1/2026 IT Governance to secure digital banking infrastructure.
Ministry of Finance (MoF)
Handles the national budget, taxes, and fiscal policy.
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The event connects 600+ pre-qualified FSI decision-makers with cutting-edge solution providers, offering unmatched exposure to Indonesia’s fintech innovations, regulatory shifts, and digital banking strategies shaping the sector’s future
Unlike generic events, WFIS Indonesia pre-qualifies delegates by budget and purchasing authority, and timeline for solution implementation, ensuring solution providers engage only with genuine decision-makers actively evaluating technology investments for their institutions.
Yes, technology vendors and solution providers can secure exhibition space to showcase innovations directly to 600+ banking, insurance, and microfinance executives seeking new tech partnerships and digital tools.
The event’s theme centers on strengthening financial inclusion, bringing together policymakers, microfinance leaders, and technology providers to address underbanked populations through digital lending and mobile banking innovations.
Attendees can access curated B2B meetings, exclusive networking huddles, and focused one-on-one sessions designed to facilitate meaningful conversations between technology buyers and solution providers.
Yes, dedicated discussions will cover AI-driven claims processing, fraud prevention, and digital distribution strategies as Indonesia’s insurance market grows toward a projected USD 40 billion valuation by 2030.
Media outlets interested in coverage partnerships can reach out through the official media enquiries channel to explore collaboration opportunities, interview access, and content coverage for the event.
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