The aim is to reduce asymmetric information & risk premium, facilitate and increase financial access of the community, and facilitate financial institutions to obtain  1  2  World Bank report “Global Financial Inclusion Index“. BIS central bankers’ speeches  information on customer candidates/customers.
For Bank Indonesia, FIN is very useful to produce more structured database and information on people receiving services from formal financial institutions. However, more importantly, FIN will become one of the main data sources to make profiles (rating) of accurate individual or household finance to facilitate banks in extending cheap but quality credit package without any collateral. 9.