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Financial technology and business solutions provider, Orion IXL Bhd is embarking on the first overseas roll-out for its financial technology (Fintech) solutions into Indonesia’s market with a partnership inked PT Kirana Investima Nusantara.

Group chief executive officer Mohamad Shaharul Mohamad Shariff said a memorandum of understanding between both parties had been signed to set up the framework for the collaboration.

“The collaboration is to provide our technology for loans management system as well as credit scoring and also analytical together with artificial intelligence (AI) to process micro-financing for 75,000 provinces in Indonesia.

“They will be using micro-financing to develop all these provinces and the loans are to be disbursed through cooperatives,” he told reporters after the group’s EGM.

He said a discussion on the contract and business structure will be held next month.

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