Posts Tagged ‘Fintech’
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 Finance Development…
Read MoreJamkrindo Targets To Cooperate With Fintech Companies
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…
Read MoreForeign Investors Still Interested in Local Lending Fintech
The financial Technology (fintech) businessmen based on peer-to-peer lending believe the interest of lenders from abroad or foreign investors to invest to Indonesia’s fintech will continue to grow from time to time. The management of PT Investree Radhika Jaya (Investree) agrre with thier interest. They stated that the interest of foreign investors in local fintech…
Read MoreAnticipate To Be False Business, OJK Returned 41 Fintech Proposals
The Financial Services Authority (OJK) stated that there are at least 41 registration poposal documents from a peer to peer lending company based on financial technology (fintech) which was returned to the companies. The documents have not been fully completed the requirement as required by OJK as the regulator. After some people learned of the…
Read MoreTechnology Improves Well, NPL Fintech Goes Down
Non-performing loan (NPL) trends in financial technology (fintech) industry based on peer to peer lending continue to go down. The Financial Services Authority (OJK) predicts the ratio of non-performing loan by the end of this year to below 1%. Management Director of Fintech Licensing and Oversight Hendrikus Passagi said NPL industry accumulation of fintech until…
Read MoreInsurance Begins to Expand on Fintech Guarantee Business
Insurance companies begin to expand their business on credit financing guarantee of financial technology (fintech) companies. One of them is PT Asuransi Asei Indonesia (Persero) who has been starting the cooperation. Development Director of PT Asuransi Asei Indonesia M Syamsudin Cholid admitted it has been receiving many requests as a guarantor of the transaction of…
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