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Bank Mandiri (IDX: BMRI) announced that this week they will start negotiating with the controlling shareholders of Bank Permata (BNLI).
Investment Alert Task Force chief Tongam Lumban Tobing said his team had shut down 803 fintech lenders up to March 2019.
The Deposit Insurance Corporation (LPS) is reviewing the guarantee insurance for customers' e-money and e-wallet.
The Financial Services Authority (OJK) will ease the rule on banks' single presence policy.
The Financial Services Authority (OJK) recorded a significant increase in the number of fintech peer-to-peer (p2p) lending companies in the past few years.
Jusuf Kalla predicts that Indonesia's bank industry is heading toward consolidation, either through mergers or acquisitions.
Head of Non-Bank Financial Industry Supervisor (IKNB) 2B OJK, Bambang, said that six multi-finance companies were proposing a finance business license.
Financial Service Authority (OJK) official Wimboh Santoso said that technology development must be controlled due to the growth of financial technology (fintech).
The new policy that allows zero percent down payment for vehicle credit is expected to boost multifinance industry growth.
The Financial Services Authority (OJK) has officially lowered the down payment on vehicles up to zero percent (zero percent down payment).
OJK committed to monitoring legal and registered financial technology (fintech) companies of peer-to-peer lending or online loan.
The Financial Services Authority (OJK) has not received any valid reports on violations conducted by peer-to-peer fintech companies.
The Financial Services Authority (OJK) shared six tips for the public to stay alert before taking a loan via online or financial technology (fintech).
OJK chief says the industry is still strong enough to withstand the rupiah correction.
Some components to focus on in boosting the MSME sector include interest rates, taxes, and licensing, OJK chief says.
OJK official says the presence of dispute resolution agencies will allow the regulator to carry out purely supervisory functions.
The most important thing in dealing with financial turmoil is having a strong legal basis, Finance Minister says.
The financial regulator seeks to measure industry players' compliance with consumer protection rules.
The four banks are among 17 that have filed for similar program licenses to the OJK.
The regulator is providing lenient terms for foreign investors planning to enter Indonesia's sharia banking sector.