OJK Encourages Fintech Industry, Financial Service Collaboration

Financial Services Authority (OJK) chief commissioner Wimboh Santoso announced that his agency has investigated 22 cases of financial services in 2019

A bank observer Doddy Ariefianto reiterated reasons why fintech firms cannot replace the role of banks as a major financial institution.

Minister Rudiantara earlier announces that OVO has held the unicorn status as the firm's valuation has exceeded more than US$1 billion.

A new trade war sparked by U.S. automotive tariffs has potential to do much more damage to economic growth than the U.S.-China trade issue, IMF says.

In the end, both OVO and Go-Pay would have to place their money in banks too, LPS says.

Financial Service Authority (OJK) official Wimboh Santoso said that technology development must be controlled due to the growth of financial technology (fintech).

The Financial Services Authority (OJK) has not received any valid reports on violations conducted by peer-to-peer fintech companies.

The Financial Service Authority (OJK) chairman Wimboh Santoso
said that Indonesia Islamic finance industry has a great
potential to continue to grow

Many SMEs are being listed as debtors with outstanding loans
despite having paid the outstanding amount.

Singaporean equity firm sacks its Indonesian office chief for
practicing insider trading that gave him Sin$173,900 in
profits.