Fintech the Main Driver of Financial Services Employment Up 45% in Q3 2021 from Q2: Michael Page Indonesia

By : Nata Kesuma | Tuesday, November 02 2021 - 22:30 IWST

Olly Riches, Presiden Direktur Michael Page Indonesia & Filipina
Olly Riches, Presiden Direktur Michael Page Indonesia & Filipina

INDUSTRY.co.id - JAKARTA, INDONESIA – 2 November 2021 - According to job opportunity data shared by global recruitment specialists Michael Page Indonesia the number of jobs rose in Q3 2021 compared to Q2 led by job positions within Financial Services (up 45%), Digital (up 14%) and Technology (up 13%).

Olly Riches, President Director of Michael Page Indonesia & Philippines observes, “As Indonesia continues to enjoy a digital boom, multinational and domestic financial services players are investing heavily into Fintech. This is the key enabler for the Indonesian population to access e-wallets, make online payments and manage all their banking and insurance activities. There is also keen competition between the traditional financial services firms and the new Fintech start ups for Indonesian talent right now which is really driving the healthy hiring activity.”

Similarly, the uptick in Digital job opportunities (up 14%) is again led by tech unicorns who initiated growth in Indonesia and is currently being fuelled by changing lifestyles due to the pandemic.

“Indonesia is a young population who are savvy with home deliveries and online services which makes it a very compelling demographic for rapid growth in this space. We have seen quite an increase in employment opportunities as well within private equity and venture capital firms for their portfolio businesses, which are often in digital and technology,” Olly Riches continues.

As the population becomes increasingly connected, Indonesians who live in farther out locations now have access to education and healthcare via technology as well.

In order to provide these essential services to the large population, Medtech and Edtech have also emerged as one of the key growth areas in order to reach citizens living outside of the major cities.

The technology required to deliver on those platforms has also created the 13% rise in job opportunities.

“Primarily seen in software development and product engineering, the government push led by President Jokowi to nurture these talents within Indonesia is key to ensuring we maintain a sustainable technology-driven economy and increase the prominence of Indonesia on the world map,” speaks Olly Riches from recent observations.

News Comment

Today's Industry

NORD-DuoDrive.jpg: The innovative and patented DuoDrive geared motor reaches outstanding system efficiency Image: NORD DRIVESYSTEMS

Selasa, 17 Mei 2022 - 14:00 WIB

NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics

The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

President Jokowi attends the meeting between ASEAN leaders and American entrepreneurs at Intercontinental the Willard Hotel, Washington DC, Thursday (05/12). Photo by: Laily Rachev

Selasa, 17 Mei 2022 - 13:00 WIB

President Jokowi Invites US CEOs to Boost Cooperation with Indonesia

President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

President Jokowi, President Biden, and ASEAN Leaders on a group photo prior to the dinner, at the White House, Washington D.C., Thursday (05/12)

Selasa, 17 Mei 2022 - 12:28 WIB

President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President

President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

(Photo: © 2022 KRAIBURG TPE)

Selasa, 17 Mei 2022 - 11:23 WIB

TPE unleashes benefits for pet accessories

The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…