February 23, 2024

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Indonesia to Meet Fintech Digital Talent Demands with Multi-layered Training 

To meet the demand for digital talent in the financial technology sector, the Ministry of Communication and Informatics has developed three segments of skill training. Hary Budiarto, Head of the Ministry of Communication and Informatics Research and Development Agency for Human Resources, stated that the movement was part of a strategy to develop the national digital economy.

“First, the community segment takes the form of fundamental skills. Second, there is a training segment for young people or college graduates. Third, our leaders will launch a digital leadership academy in the top segment,” he explained.

According to him, the first basic skills training segment provides fundamental fintech knowledge through materials available from a private e-commerce giant. The ministry will translate all learning materials into Indonesian to make them accessible to a wider segment and facilitate a better learning process.

The Ministry of Communication and Informatics encourages youth and university graduates to develop fintech using locally based digital technology in the medium segment. While the top or leadership segment, the training is aimed at leaders at the Ministry Echelon III level through the Digital Leadership Academy (DLA) training which will work closely with the Ant Group.

He is eager that higher education institutions and other training institutions will actively support the coaching programme to reach all Indonesians. “We will use a technique known as TOT (Training of Trainers) to spread this to other communities. Then, in addition to the Ministry of Communication and Informatics, we will encourage other training institutions. At STMM, we hope to launch a vocational programme, particularly for fintech development.”

Yohan, Deputy Secretary for Coordination of Quality Improvement for Children, Women, and Youth of the Coordinating Ministry for Human Development and Culture revealed that there are currently 8 million unemployed people in Indonesia – not to mention the number of young people and women who are still out of reach of education. As a result, Yohan hopes that with this training, the quality of Indonesian people will improve in Indonesia Gold 2045.

“We join hands together, of course, to collaborate for the community’s welfare. Because this allows previously excluded human resources to receive minimal training to obtain jobs and work as entrepreneurs,” he stated.

Despite the global economic slowdown, Indonesia’s fintech Compound Annual Growth Rate (CAGR) is around 39%. Johnny G. Plate, Minister of Communication and Information of the Republic of Indonesia, said the transaction value of the Indonesian fintech sector is the second highest among G20 countries.

Recognising the potential, actors in the fintech sector encourage continued innovation and digital technology adoption. Furthermore, associations and digital financial (fintech) businesses continue to promote fintech education, which is expected to aid national economic recovery.

The existence of MSME actors, which reached 64.4 million people, was of concern to the government, according to Edhi Kusdiyarwoto, Assistant Deputy for Finance of the Ministry of Cooperatives and SMEs. President Joko Widodo hopes to reach the target of 1 million MSMEs or established entrepreneurs by 2024 through Presidential Regulation Number 2 of 2022 on National Entrepreneurship Development. The mission is carried out in collaboration with Ministries and Institutions affiliated with Regional Governments.

Following the Presidential Decree, the government is developing guidelines and an action plan to ensure that the development of MSMEs does not overlap since 28 ministries and institutions are working together to support MSMEs. According to Perpres, 400,000 MSMEs are carried out by Ministries/Institutions or BUMN, and local governments carry out 600,000 others.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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