Radana Finance strengthens its partnership with ElysianNxt and implements IFRS9.NXT to support their new business model


In 2019, PT. Radana Bhaskara Finance Tbk selected ElysianNxt to provide an IFRS 9/PSAK 71 solution for their retail business. The implementation took only five months to go live and allowed the users to streamline their processes and easily comply to regulations set by the local regulator OJK.

In 2022, Radana further strengthened its relationship with ElysianNxt and embarked on a new IFRS 9/PSAK 71 project to support their new corporate business model. The implementation is expected to go live in less than three months and will not only meet but exceed current regulatory requirements

“It’s an honour for our company to be able to collaborate again with one of the best ECL Calculation Solution Providers.” 

– Muhammad Ichsan Prasetyo, PT. Radana Bhaskara Finance, Tbk

“The extreme flexibility of our NXT. Platform assists our users in executing their strategic business plans. It’s an honour to continue our strategic partnership with Radana.”

– Chris Puype, CEO & Founder ElysianNxt

About Radana Bhaskara Finance Tbk PT

PT Radana Bhaskara Finance Tbk is an Indonesia – based company with the vision to be a reliable financial partner & the main choice for MSME customers in Indonesia. Initially providing consumptive financing and then transformed to productive financing. Currently, the Company provides productive financing services for working capital and investment that prioritizes the best service for its consumers. The company is headquartered in Jakarta. www.radanafinance.co.id

About ElysianNxt

ElysianNxt is a fast-growing RegTech company focused on developing the most technologically advanced, user-friendly, real-time Risk and Finance solutions. Comprised by seasoned industry veterans and subject matter experts, the company was established to provide an alternative solution to the traditional, outdated, monolithic applications that the financial industry is accustomed to in their quest to automate their back-end financial calculation obligations.
The company which was founded in 2017 has a head office and development centre in Bangkok, Thailand and other offices in Jakarta, Indonesia and Brussels, Belgium. To date, ElysianNxt has 37 client installations across 6 countries – Belgium, The Netherlands, France, Indonesia, Thailand and Malaysia. www.elysiannxt.com

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