Tuesday, January 26We Deliver News To You

Tag: OJK

Economy and Finance

Early 2021, OJK Launches Consumer Protection Application

JAKARTA - The Financial Services Authority (OJK) will launch the Consumer Protection Portal Application (APPK) in early 2021. We intend this application to optimize consumer protection efforts or customers in the financial services sector under the supervision of OJK. "Starting January 1, 2021, services for complaints and consumer dispute resolution in the financial services sector. They can carried out in an integrated manner through the Consumer Protection Portal Application or APPK. With strong protection, hoped that consumer confidence will increase and strengthen the stability of the financial system in Indonesia," based on the written statement of the OJK, Wednesday (2/12). Various features have been made in the application made by OJK As an integrated consumer protection port...
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...