Fintech 2025

INDONESIA Trends and Developments

Trends and Developments Contributed by: Vik Tang, Michelle Virgiany, Novita Wulandari and Fransiska Larasati Hiswara Bunjamin & Tandjung

Hiswara Bunjamin & Tandjung in association with the global law firm Herbert Smith Free - hills is a full-service Indonesian law firm. All the partners are experienced Indonesian law - yers with many years’ experience in advising clients across all major industry sectors. The firm’s client base includes some of the largest multinational corporations and financial institu - tions. The Jakarta office has several long-term international counsel seconded from Herbert Smith Freehills, and is part of the broader Her -

bert Smith Freehills’ network of global offices with recognised specialists in the TMT and fin - tech space. The firm’s fintech practice group includes ten members of the broader corporate M&A, financial services and TMT practices, ranging from partner level to associates. The firm’s key areas of practice in relation to the fintech sector include corporate M&A, financial services regulatory, company establishment and general corporate advice, data protection, and litigation and restructuring.

Authors

Vik Tang is a partner at Herbert Smith Freehills and a senior international counsel at Hiswara Bunjamin & Tandjung. He heads the Indonesia corporate team and has been based in Jakarta

Michelle Virgiany is a senior international counsel at Hiswara Bunjamin & Tandjung and a partner at Herbert Smith Freehills. She focuses on the financial services and

for the last decade. Before relocating to Jakarta, he started his career in London where he spent nearly a decade, followed by four years in Singapore. Vik is recognised as a leading Indonesia cross-border M&A specialist and his practice areas include financial services and fintech. Vik advises both traditional and new players on financial services and fintech developments, focusing on Indonesian and international technology unicorns. He has contributed to several publications relating to the practice of fintech law.

technology sectors, with expertise in both transactional and advisory work. Michelle frequently advises and represents established financial institutions as well as technology groups and new market entrants on investment structuring, M&A transactions, licensing requirements, commercial contracts and joint ventures. She is a member of Herbert Smith Freehills’ Global AI Advisory Group and Emerging Tech Group, a global team of lawyers working on the firm’s and its clients’ digital transformation efforts.

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