Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

OJK Highlights Online Loan Shark in Fintech

31 July 2019 06:41 WIB

TEMPO.CO, JakartaChief Commissioner of the Financial Service Authority (OJK) Wimboh Santoso compared the emergence of financial technology (fintech) or peer-to-peer lending with the loan shark practices in the community. According to Wimboh, many people benefit from the two financial services despite many of them fell victims.

“Overall, fintech has many advantages similar to loan sharks, and we find difficulties to close it because many people earn benefits from it, particularly those in [outskirts] regions,” said Wimboh in Bank Indonesia building, Jakarta, Tuesday, July 30.

He attributed the rampant practice of loan sharks or locally known rentenir to lack of formal banks as they refused to enter certain regions because of high risk and small revenue.

Based on the institution’s study, many housewives in traditional markets got easy loans without requirements. This similar practice adopted by fintech considering many people had no assurance needed for a loan.

Therefore, Wimboh said that his institution could not prohibit fintech services. “We cannot ban it, as we do to loan sharks. We can only appeal to fintech to refrain from becoming an online loan shark,” he underlined.

He also called on the public to always opt registered fintech application, so OJK could monitor the app’s activity to prevent a violation.

CAESAR AKBAR



OJK Issues Rule on Islamic Banking; Mandates Sharia Governance Now Mandatory to Industry Actors

22 hari lalu

OJK Issues Rule on Islamic Banking; Mandates Sharia Governance Now Mandatory to Industry Actors

The Financial Services Authority (OJK) has issued Regulation (POJK) No. 2 of 2024 on the Implementation of Sharia Governance.


LPS: Rural Banks' Bankruptcy Caused by Internal Frauds, Not Bad Economy

37 hari lalu

LPS: Rural Banks' Bankruptcy Caused by Internal Frauds, Not Bad Economy

In less than two months into 2024, the Financial Services Authority or OJK had revoked the business permits of four rural banks (BPR)


LPS Paid Rp392bn in Claims to Customers of Bankrupt Rural Banks

57 hari lalu

LPS Paid Rp392bn in Claims to Customers of Bankrupt Rural Banks

Deposit Insurance Corporation (LPS) reported that it had paid almost all customers' deposit guarantee claims at rural banks (BPR) that had gone bust.


Association Demands Crypto Tax Rate Adjustment

58 hari lalu

Association Demands Crypto Tax Rate Adjustment

The Indonesian Blockchain Association and Cryptocurrency Traders Association expressed concern over the high taxes on crypto transactions.


ITB Clarifies Online Loan Service for Tuition Payment

26 Januari 2024

ITB Clarifies Online Loan Service for Tuition Payment

The Bandung Institute of Technology (ITB) confirmed that it cooperates with non-banking institutions, including online loan platforms.


OJK Comments on Rp38bn Customer Funds Held by Bank Victoria Syariah

25 Januari 2024

OJK Comments on Rp38bn Customer Funds Held by Bank Victoria Syariah

OJK commented on the Rp38.47 billion in funds belonging to PT Bumiputera Sekuritas (BPS) customers that is still being held by Bank Victoria Syariah


DANA Becomes Member of WEF Unicorn Community 2024

17 Januari 2024

DANA Becomes Member of WEF Unicorn Community 2024

E-wallet provider DANA announced its participation as an elected member of the World Economic Forum's (WEF) Unicorn Community.


OJK Revokes PT SME Finance Indonesia's Business License

17 Januari 2024

OJK Revokes PT SME Finance Indonesia's Business License

The Financial Services Authority (OJK) officially revoked the business license of PT Sarana Majukan Ekonomi Finance Indonesia (PT SMEFI)


OJK to Supervise Crypto Trading in Early 2025

12 Januari 2024

OJK to Supervise Crypto Trading in Early 2025

The handover of crypto trading supervision from Bappebti to OJK is expected to finish in early 2025.


OJK: 20 Online Loan Providers Have Not Met Minimum Equity Requirement

10 Januari 2024

OJK: 20 Online Loan Providers Have Not Met Minimum Equity Requirement

Financial Services Authority (OJK) said 20 online loan companies have not met the minimum capital requirement of at least Rp2.5 billion.