Saturday, January 23We Deliver News To You

Tag: Fintech Lending

The Role of Fintech in Promoting 2020-2024 Inclusion Index in Indonesia
Economy and Finance

The Role of Fintech in Promoting 2020-2024 Inclusion Index in Indonesia

JAKARTA - In the national financial inclusion strategy which was passed by President Indonesia Joko Widodo on 7 December. Targeting Indonesia's inclusion index to increase by 90 percent by 2024. In realizing this, financial technology peer to peer lending or Fintech funding has a role as the main driver to accelerate the transformation of the digital economy, especially the MSME sector. Deputy for the Coordination of Macroeconomics and Finance, Coordinating Ministry for Economic Affairs, Iskandar Simorangkir. Said Indonesia needed digital economic transformation through fintech to restore the national economy. "The focus of financial inclusion is not on the saving movement. But on providing capital to the informal MSEs sector and the fastest way by digitizing them. With digital transform...
Economy and Finance

OJK Prepares New Rules Fintech Lending

JAKARTA - The Financial Services Authority (OJK) is reviewing new regulations regarding the implementation of Financial technology peer to peer lending or fintech lending. The plan is based on the draft Regulation OJK on Information Technology-Based Collective Funding Services to associations and the general public in mid-November 2020. Deputy Commissioner of the OJK Institute and Digital Finance. Imansyah said the plan for the new regulation was due to the massive addition of fintech and avoiding regulatory arbitrage. "There are two main thoughts, there are those who let it. Let the market become the regulator of the fintech context. But there are also those who say we need rules to make it clear which fintech is really good. Which ones are fake, "he said, last weekend. According to h...