Posts Tagged ‘Bank Indonesia’

OJK Will Immediately Announce Fintech’s Legal Protection

OJK-Will-Immediately-Announce-Fintech’s-Legal-Protection

The Financial Services Authority (OJK) will immediatelly launch a new regulation called the Digital Financial Innovation (IKD). The regulation will be officially released on August 2018. This regulation is a legal protection that will arrange Indonesian company which have core business in financial technology (fintech) industry.     Head of Digital Finance Innovation and Micro…

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BI Completes The Regulations of Monetary Operation

BI-Completes-The-Regulations-of-Monetary-Operation

In order to strengthen the effectiveness of monetary policy transmission, Bank Indonesia (BI) issues provisions for the completion of monetary operation through PBI No. 20/5/PBI/2018. Director Management of Monetary Department of BI, Rahmatullah, said that there are three substances of the completion of monetary operation provisions. The first is the merger of monetary operation provisions…

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OJK Will Immediately Announce Fintech’s Legal Protection

OJK-Will-Immediately-Announce-Fintechs-Legal-Protection

The Financial Services Authority (OJK) will immediatelly launch a new regulation called the Digital Financial Innovation (IKD). The regulation will be officially released on August 2018. This regulation is a legal protection that will arrange Indonesian company which have core business in financial technology (fintech) industry. Head of Digital Finance Innovation and Micro Finance Development…

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BI Mentions 12 Companies Got QR Code Permit

BI-Mentions-12-Companies-Got-QR-Code-Permit

Bank Indonesia (BI) says there are 12 companies that get permission related to QR Code as payment system. However, it has not been standardized by the government. Head of Policy Department of Payment System of BI, Onny Wijanarko, said QR Code that applied now is still have their own standardization. The companies that already get…

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Some Troubled Fintech Applications Have Revoked

Some-Troubled-Fintech-Applications-Have-Revoked

Less than ten financial technology (fintech) companies feel self conscious to no longer operate in the internet technology. Financial Services Authority (OJK) explained that some illegal fintech in the peer to peer lending services have revoked their own applications. The good side from this issue is there is it does not need the pressure from…

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