Financial Technology Archives - SMART LEGAL CONSULTING

Fintech Sharia Increase Rapidly As Market Demand

smart — Fri, 05 Oct 2018 05:30:05 +0000

Until february 2018 the amount of money that could be distributed by sharia commercial banks and sharia business units have reached about Rp 282.1 trillion. However according to the Financial Services Authority (OJK), the amount have gone down 1.3% compared to last year that was able to reach Rp 285.7 trillion. While financial technology…

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OJK Will Immediately Announce Fintech’s Legal Protection

smart — Thu, 04 Oct 2018 05:30:43 +0000

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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Jamkrindo Targets To Cooperate With Fintech Companies

smart — Wed, 03 Oct 2018 05:30:11 +0000

Indonesian Credit Guarantee State Owned Companies (Jamkrindo) will increase the cooperation with financial technology (fintech) company.It is to expand its business Jamkrindo business. “For this year, maximum we are targeting to work with two to three fintech, but the possibility is only two (companies) so that in the end of the year we already work…

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Will China’s Fintech Move To Indonesia After Failed In Their Country?

smart — Fri, 28 Sep 2018 05:30:06 +0000

It is bad news for the industry of China’s financial technology (fintech) which about 80 fintech companies based on peer to peer lending (P2P) schemes there got default payment during June 2018. And even worse news that it increased to 137 by mid of July 2018. The fintech P2P lending industry in China has attracted…

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The Increase of Foreign Lenders in Indonesian Fintech

smart — Tue, 25 Sep 2018 05:30:31 +0000

Financial technology (Fintech) companies based on peer to peer lending optimistic that interest of lenders or foreign lenders to invest in Indonesian company will continuesly increase. PT Investree Radhika Jaya (Investree), estimates that foreign lenders can raise double in 2018. Co-Founder and CEO of Investree Adrian Gunadi said that Investree currently has lenders aabout 30,000…

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OJK Warns Fintech Not To Abuse Their Logo

smart — Mon, 24 Sep 2018 05:30:24 +0000

The Financial Services Authority (OJK) has warned to all financial technology (fintech) companies about the usage of the OJK logo. The warning is an anticipation so that the consumers would not misjudge against the credibility of fintech. Even in the POJK (Regulation of the Financial Services Authority), it has been clearly mentioned about the prohibition…

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