PT PEFINDO BIRO KREDIT
Indonesia’s Trusted Private Credit Bureau COMPANY PROFILE
www.pefindobirokredit.com
PEFINDO Credit Bureau will play a significant role in modernizing credit-granting for financial institutions in Indonesia.� Djoko Sarwono, President Commissioner of PCB
Indonesia’s Trusted Private Credit Bureau
History of the Bureau Pefindo Credit Bureau (“PCB”), was established after Bank Indonesia issued Regulation No. 15/1/PBI/2013 concerning Credit Bureau and its implementing regulation, Circular Letter No. 15/49/DPKL, issued in 2013 as well. By law, as of 31 December 2013, these regulations became regulations of Otoritas Jasa Keuangan (“OJK”, Financial Services Authority). In the same year, PT Pemeringkat Efek Indonesia (Pefindo) initiated the establishment of the first Private Credit Bureau in Indonesia, PCB. The initiative attracted support from several prestigious organizations in their industry, which are: Indonesian Financial Services Association (APPI), PT Pegadaian (Persero), PT Sigma Cipta Caraka (Telkomsigma) and PT Consumer Information Consulting (an Indonesian subsidiary of CIC, the oldest and biggest Credit Bureau in Japan). PCB applied an application for Principal License to establish a Credit Bureau to OJK in April 2014. The Principal License was obtained in August 2014. Then in November 2014, PCB was legally established under the name of PT PEFINDO Biro Kredit.
4 / History of The Bureau
Indonesia’s Trusted Private Credit Bureau
Contents Background
08 10
About PCB Vision and Mission Message from the CEO Ronald T. Andi Kasim
Product Overview
14 16 18 20 22
Why you should choose us Four Benefits PCB Score Credit Report and Score PCB Alert Early Warning System PCB Profiling Market Profiling Service PCB SME Grading SME In-Depth Report
PCB’s Partner and Shareholders
26
PCB’s Strategic Partner PCB’s Shareholders
Join Us
29
Application Form Detailed information enclosed
www.pefindobirokredit.com / 5
GRADE b3
688 Low Risk
GRADE C1
GRADE C2
GRADE b1
653
708
669 Average Risk
Average Risk
Low Risk
GRADE d2
610 High Risk
6 / Imagine
PCB Score
PCB Alert
A comprehensive credit report of an individual or a company which displays all relevant information along with a score.
A 24/7 monitoring service that alerts the client of any significant changes in the debtor’s credit profile.
Indonesia’s Trusted Private Credit Bureau
Imagine if you had access to comprehensive credit information at the tip of your fingers...
GRADE C3
GRADE A1
GRADE A2
721
648
850
Average Risk
Very Low Risk
GRADE E1
543
Very Low Risk
Very High Risk
PCB Profiling
PCB SME Grading
An on-demand, aggregated statistical report based on pre-defined specifications to provide the client with extensive market insight.
An advanced report on SMEs providing the client with in-depth credit risk information.
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PEFINDO CREDIT BUREAU
About PCB PCB is Indonesia’s first private credit bureau that produces comprehensive, reliable, and value-added credit information. PCB helps financial institutions, non-financial institutions, and individuals to obtain valuable data in a timely and cost-efficient manner.
PCB At A Glance Founded 2014
CEO Ronald T. Andi Kasim
Headquarters Jakarta, IDN
Industry Private Credit Bureau
Employees 25
Established based on PBI 15/1/PBI/2013
According to the International Finance Corporation (A member of the World Bank Group), credit reporting systems are essential to create sound financial infrastructures that facilitate lending and help expand access to credit to a significant share of individuals, microfinance, and small and medium enterprises. Moreover, they help satisfy lenders' need for accurate, credible information that reduces the risk of lending and the cost of loan losses. PCB is created to answer those needs. Essentially, the two main roles of PCB are as follow: First, to promote more prudent credit risk practices for the financial sectors. PCB does this by collecting data from various data sources and providing valuable credit information. Second, to increase efficiency in credit application and credit monitoring activities through the use of cutting-edge technologies. In its operations, PCB works side by side with its strategic partners: Creditinfo, Telkomsigma (PT Sigma Cipta Caraka), and PT Pegadaian (Persero). Creditinfo provides PCB with end-to-end credit bureau systems. Telkomsigma serves PCB with its IT infrastructure and managed services. Lastly, Pegadaian caters to PCB with a vast office network to expand its services.
8 / About PCB
Indonesia’s Trusted Private Credit Bureau
How PCB Works DATA SOURCE
CREDIT BUREAU
CREDIT INFORMATION
DISTRIBUTION
Financial Institutions Financial Institutions SID Member
OJK / BI
Standard Information
Society
Financial Institutions
Financial Institutions Non SID Member
Society Non-Financial Institutions
PCB
Comprehensive and Value-Added Information
Non-Financial Institutions
Public Institutions
Public Institutions
Note: PCB will collect all sources of valuable and relevant data. These include data sources from, but not limited to: E-KTP, National Public Procurement Agency (LKPP), Telkom, The Social Security Administrative Body for Workers (BPJS Ketenagakerjaan), State-Owned Pension Insurance Firm (Taspen), the Ministry of Justice and Human Rights, and Tax Authority.
Jean H. Reksodiputro, CIO of PCB
“PCB provides instant and automated information for better credit decision-making.” Our Vision
Our Mission
To become the chosen private credit bureau in Indonesia, by
• To manage the most complete and accurate credit,
adopting international best practices in its operations.
financing, and other relevant data in Indonesia. • Provide trustworthy credit information and other value-added services to its members and customers.
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PEFINDO CREDIT BUREAU
Message from the CEO Ronald T. Andi Kasim
My name is Ronald T. Andi Kasim, and I proudly announce the establishment of the Pefindo Credit Bureau (PCB). PCB is the first private credit bureau in Indonesia that provides advanced credit information. As an independent bureau, PCB supplies reliable, integrated, and value added credit information. Our ultimate aim as a bureau is to help institutions and individuals perform better risk management. As someone who has been in the rating analysis industry for over two decades, I can truly attest that superior and accurate data is the backbone of all excellent financial decisions. At PCB, we help companies, institutions, and
10 / Message from the CEO
Indonesia’s Trusted Private Credit Bureau
Ronald T. Andi Kasim CEO of PCB
individuals obtain credit data that is comprehensive, independent, and accurate. Moreover, we do this in a timely and cost-efficient manner. Through our integrity and independency, we strive to provide the most accurate credit knowledge for our clients.
“In summary, there are two main roles of the entity. First, to promote more prudent credit risk practices for the financial sectors by collecting data from various data sources and providing valuable credit information. Second, to increase efficiency in credit application and credit monitoring activities by adopting state-of-the-art technologies.�
Finally, our vision is to become the chosen private credit bureau in Indonesia, by adopting international best practice in its operations. We look forward to working with you!
The PCB in Indonesia functions similarly to those in countries like Japan, Malaysia, Singapore, South Korea and the United States, which provide credit-risk profiles of people and companies. PCB intends to play a significant role in the credit checking, credit fraud, and credit management areas for financial institutions and Indonesian debtors.
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We provide more comprehensive credit data; enriching the current Sistem Informasi Debitur (SID)
12 / We have more
Indonesia’s Trusted Private Credit Bureau
"PEFINDO Credit Bureau offers comprehensive and reliable credit information collected from its sources with integrity and credibility, two values that definitely will bring success and progress for its users." Burhanuddin Abdullah, Senior Advisor of PCB
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PEFINDO CREDIT BUREAU
PRODUCT OVERVIEW
Why You Should Choose Us
As the first private credit bureau in Indonesia with the goal of being the credit bureau of choice, we have distilled our products to provide you with two core advantages:
Save your money PCB’s products will enable you to: • Reduce non-performing loans (NPLs) through a more proactive, preventive, and responsive credit risk management system. • Have more prudent and objective
Target Market Creditors Country Indonesia Objective Optimal Risk Management
14 / Product Overview
decision-making through an early screening of the credit process. • Lower operational costs in the credit-granting process.
Indonesia’s Trusted Private Credit Bureau
The Four Benefits of PCB
1
PCB Score The result of calculated mathematical algorithm against credit report and various sources of information to represent the creditworthiness of the person.
2
PCB Alert An early warning or Monitoring System for any significant changes in the debtor’s credit risk profile.
3
PCB Profiling An on-demand aggregated analysis based on portfolio risk parameters such as market segment, demography, and credit facility.
4
PCB SME Grading An advanced credit risk report for SMEs which incorporate business, financial, and management assessments.
Save your time By using PCB’s products, you will also: • Be able to accelerate the credit– granting process and credit risk management process. • Be more effective in achieving your business targets. • Be able to serve your debtors better.
According to the International Finance Corporation (A member of the World Bank Group), credit reporting systems are essential to create sound financial infrastructures that facilitate lending and help expand access to credit to a significant share of individuals, microfinance, and small and medium enterprises.
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PEFINDO CREDIT BUREAU
Output Credit Report & Score
We provide you with these advantages through our four core products:
System CBS5
PRODUCT #1
Objective Determine creditworthiness
PCB Score is a comprehensive report of a subject (individual or company) that displays all credit information related to the subject. This detailed report includes all credit facilities and information that a subject has obtained from financial and non-financial institutions. To enrich the report, PCB Score also includes public information obtained from government agencies. This includes e-KTP data (for individual debtors), as well as company data from the Ministry of Justice and Human Rights (for company debtors). This comprehensive report also includes a credit score that reflects the ability of a debtor to pay all of its financial obligations within a 12-month period.
The PCB Score includes:
+ Subject Information + Credit and other Facilities + Fulfillment of Credit and other Financial Obligations + Credit Score
16 / PCB Score
PCB Score
Indonesia’s Trusted Private Credit Bureau
PCB’s clients will gain comprehensive identity and credit information, as well as the credit score of the debtor. The higher the score, the lower the risk.
What you essentially get from this product: + The ability to assist, automate, and streamline credit analysis and lending processes. + The ability to conduct risk-based pricing. + The ability to enforce operational risk management.
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PEFINDO CREDIT BUREAU
PRODUCT #2
PCB Alert Automatically notifies clients about critical changes in credit data related to their portfolio. This function is dedicated to members who want to automate their customer monitoring processes.
18 / PCB Alert
Output Online Notification System Monitoring Platform Objective Protection
Indonesia’s Trusted Private Credit Bureau
What you essentially get from this product: + Simplified and automated customer-monitoring process for any changes in the credit quality of the debtor. + Effective risk management in a proactive, preventive, and responsive manner.
PCB Alert is an early warning system for monitoring any significant changes in the debtor’s credit risk profile. Staying on top of your credit portfolio can mean big savings over time, because quick and actionable information provides the intelligence necessary for better decisions.
PCB Alert automatically alerts
The PCB Alert mechanism does this
members about critical changes
by comparing new and previously-
in credit data or important events
uploaded snapshots of various
related to their clients’ portfolios.
contracts. This can refer to a
In short, this product enables you to
negative status, or termination of
monitor your client’s credit decisions.
the contract. To ensure accurate monitoring, the PCB Alert conducts these evaluations periodically.
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PEFINDO CREDIT BUREAU
CPO industry
PRODUCT #3
PCB Profiling
Output Research Report System Credit Database
PCB Profiling is an on-demand market analysis based on your portfolio risk specifications. These profiling criteria include aspects such as market segment, demography, and credit facility.
20 / PCB Profiling
Objective Market Profiling
What you essentially get from this product: + Comprehensive and custommade reporting for credit risk management. + Valuable insight based on extensive market research to support your business expansion plans.
Indonesia’s Trusted Private Credit Bureau
PCB’s extensive database, encompassing various sources, enables the Bureau to provide comprehensive and tailormade information for its clients. PCB’s Master Database includes data from various financial and non-financial institutions, public utility companies, and relevant government institutions. Moreover, these various aggregated data sets are compiled and analyzed to provide the client with a clear insight of market conditions in a swift manner.
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PEFINDO CREDIT BUREAU
PRODUCT #4
PCB SME Grading PCB SME Grading measures the ability of Small and Medium Enterprises (SMEs) to meet their financial obligations with respect to management, business, and financial aspects.
Output SME Report
What you essentially get from this product:
System SME Rating Methodology
+ The ability to obtain in-depth
Objective Determine Financial Capability
information about SMEs that usually would not be available. + The ability to verify information which will enable the client to minimize asymmetric information on the SMEs. + The ability to increase lending volume and boost creditworthiness of SMEs.
22 / PCB SMEs Grading
Indonesia’s Trusted Private Credit Bureau
ADVANTAGES
What Distinguishes PCB
from the Debtor Information System (SID) and other credit bureaus in general: + PCB provides a Scoring that is created based on proven methodology and the aggregate report of the debtor + PCB has the ability to show credit data up to the last 10 years + PCB has the ability to track the subject’s historical identity, as well as individuals or organizations related to the subject + PCB allows unlimited number of users and is easily accessible using any devices (desktops, laptops, and even mobile phones) + PCB has the ability to provide rapid response time to any inquiry from the client + PCB records all inquiries regarding the debtor, and makes it one of the indicators for scoring + PCB has the ability to provide real-time warning mechanism to inform the client of any significant changes related to the debtor + PCB’s system is easily integrated to the client’s Loan Origination System (LOS) + PCB gathers its intelligence from more sources of data (Among others Telkom, State-Owned Pawn Shop Pegadaian, and the Directorate General of Demographic and Civil Registration) + PCB is an independent body with a lean ownership structure, and bearing no affiliation with any political parties
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Helios B. Head of
Kurniadi Network
Argi H. Product
Engineer
IT Security Division
Manager
Eko S. Head of
IT Operation & Appl. Dev. Division
24 / The Team
Listya S. Relationship Manager
Desy C. Business
Operation Staff
Risna A. M. Accounting Officer
Faizal A. GA Officer Indira G. HRD Officer
Teguh S. Database
Administrator
Indonesia’s Trusted Private Credit Bureau
Indra B. Project Manager
Rini Y. Secretary
Erwin W. Account Agus S. Head of
Manager
Business Operation Division
Rininta F. Relationship Manager
Heri H. Sr. Application Developer
Eko C. IT Support Officer
Johny T. Head of Office
Administration Division
Meet The Team
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PEFINDO CREDIT BUREAU
PCB’s Strategic Partner Creditinfo
PCB’s Shareholders PT Pemeringkat Efek Indonesia (Pefindo)
In running its operations, PCB works side
PT Pemeringkat Efek Indonesia (Pefindo),
by side with its strategic partner, Creditinfo.
was established on December 21, 1993 under
Creditinfo is an Iceland-based leading service
the initiative of Badan Pengawas Pasar Modal
provider for credit information and risk
(BAPEPAM), the Capital Market Supervisory
management solutions worldwide. It has
Agency, which is now known as OJK, and
developed numerous products and services
Bank Indonesia.
to facilitate best practice decisions in credit risk management. Creditinfo has won awards
PEFINDO is a local credit rating agency who
in several procurements supported by World
rates entities and debt instruments listed in
Bank, IFC, Millenium Challenge Corporation
the Indonesia Stock Exchange. As of today,
and other international organizations.
PEFINDO has rated more than 500 companies
Creditinfo’s strength lies in working with credit
and regional governments.
bureaus in emerging countries.
Asosiasi Perusahaan Pembiayaan Indonesia (Indonesian Financial Services Association) Asosiasi Perusahaan Pembiayaan Indonesia (APPI) is an organization that was established to unite, promote and provide services to its members, with the purpose of improving the quality of financial services business in accordance with its capacity and the prevailing regulations in Indonesia.
PT Pegadaian (Persero) PT Pegadaian (Persero) is a State-owned Pawnshop. The vision of this organization is to become a pawn-based integrated business solution provider, with a particular focus on small and medium enterprises (SMEs).
26 / Partners
Indonesia’s Trusted Private Credit Bureau
PT Consumer Information Consulting PT Consumer Information Consulting is an Indonesian subsidiary of CIC (Credit Information Center), the oldest and biggest Credit Bureau in Japan.
PT Sigma Cipta Caraka (Telkomsigma) PT Sigma Cipta Caraka (telkomsigma) is a leading integrated end-to-end ICT Solutions company for more than 27 years in Indonesia. Telkomsigma currently employs more than 1,200 personnel, including internationallycertified IT professionals. The organization is at the forefront of innovative IT solutions, development, and operations.
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Joining us is easy! Simply fill out the following form.
T (6221) 7884 0100 F (6221) 7884 0700 W www.pefindobirokredit.com
MEMBERSHIP APPLICATION Company Name
:
Type of Business
:
Bank
Savings and Loan Cooperative
Multi-Finance Company
Other Financial Institutions :
People’s Credit Bank (BPR)
Non-Financial Institutions
Year Established
:
Company Address
:
City
:
Postal Code
:
Telephone
:
Province :
-
Fax :
-
Person in Charge Name : Division/Department
: Business / Risk Management /
Operation*
Position : Telephone & Extension :
-
Mobile phone
-
:
Ext : -
E-mail : Name : Division/Department
: Information Technology
Position : Telephone & Extension :
-
Mobile phone
-
:
Ext :
-
E-mail : We hereby submit our application to become a Member of the Pefindo Credit Bureau (PCB). ,
20
Please send the form to:
Marketing Director PEFINDO CREDIT BUREAU (PCB) AD Premiere Building 2nd Fl. Jalan TB Simatupang Kav. 5 Jakarta 12550 Indonesia attn. Marketing & Business Development Division e-mail: info@pefindobirokredit.co.id
Director
Indonesia’s Trusted Private Credit Bureau
This cooperation (between Indonesian Government and PCB through citizen’s ID number accessibility) will improve public service to become better and faster.” Tjahjo Kumolo, Minister of Home Affairs of the Republic of Indonesia Source: Bisnis.com, July 7, 2015.
PT PEFINDO BIRO KREDIT AD Premier Building, 2nd Fl. Jalan T.B. Simatupang No. 5 Jakarta 12550, INDONESIA T: +6221 78 84 0100 F: +6221 78 84 0700 E: info@pefindobirokredit.co.id
www.pefindobirokredit.com