Expertise: Fintech

Indonesia‚ OJK Introduces New Regulation on IT-Based Co-Financing Services

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Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or OJK) has issued a new regulation on information technology-based co-financing services, which include peer-to-peer (P2P) lending. This new regulation seeks to improve the previous regulation on the peer-to-peer lending sector, OJK Regulation No. 77 /POJK.01/2016 regarding P2P Lending Services (OJK Reg. 77/2016), and support the growth and … Indonesia‚ OJK Introduces New Regulation on IT-Based Co-Financing Services

SSEK Partner Named Leading Lawyer in Indonesia for Fintech

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SSEK partner Winnie Yamashita Rolindrawan has been recognized in Who’s Who Legal: Fintech & Blockchain 2021. She was one of only five lawyers recognized in Indonesia. Who’s Who Legal: Fintech & Blockchain recognizes the leading fintech and blockchain lawyers in the global market. The lawyers selected possess strong experience advising start-up companies and traditional financial institutions … SSEK Partner Named Leading Lawyer in Indonesia for Fintech

Guide to Fintech in Indonesia

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SSEK’s Winnie Yamashita Rolindrawan contributed the Indonesia chapter to the Lexology Getting the Deal Through Fintech 2022 global guide. The fintech guide provides local insights into fintech innovation and government/regulatory support; regulatory bodies and regulated activities; cross-border regulation; regulation of sales and marketing and of changes of control; financial crime; peer-to-peer and marketplace lending; artificial … Guide to Fintech in Indonesia

Fintech in Indonesia – AI and Distributed Ledger Technology

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Presently, there is no specific law or regulation in Indonesia that addresses the use of artificial intelligence, including robo-advice. However, artificial intelligence is mentioned in Financial Services Authority (OJK) Regulation No. 13/POJK.02/2018, dated 16 August 2018, regarding Digital Financial Innovation in the Financial Services Sector as one of the examples of digital financial innovation in … Fintech in Indonesia – AI and Distributed Ledger Technology

Fintech in Indonesia – P2P and Marketplace Lending

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In Indonesia, loan agreements in a peer-to-peer lending platform are acknowledged and regulated. Based on Financial Services Authority (OJK) Regulation No. 77/POJK.01/2016 regarding Information Technology-Based Money Lending Services, dated 29 December 2016, there are two agreements in a peer-to-peer lending scheme:   an agreement between the provider of the peer-to-peer lending service (the provider of … Fintech in Indonesia – P2P and Marketplace Lending

Fintech in Indonesia – Insurance Products, Credit References

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In principle, the selling and marketing of insurance products in Indonesia is regulated and licensed by the Financial Services Authority (OJK), although there seems to be no differentiation yet between fintech companies and companies that engage in the conventional selling and marketing of insurance products. In practice, licensed insurance companies in Indonesia have been selling … Fintech in Indonesia – Insurance Products, Credit References

Fintech in Indonesia – P2P Lending and Crowdfunding

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Peer-to-peer lending is specifically regulated in Indonesia under Financial Services Authority (OJK) Regulation No. 77/POJK.01/2016 regarding Information Technology-Based Money Lending Services, dated 29 December 2016. It provides the OJK the right to regulate and supervise peer-to-peer lending activities, including handling the registration and licensing of peer-to-peer lending platform providers. Peer-to-peer lending in Indonesia is described … Fintech in Indonesia – P2P Lending and Crowdfunding

Fintech in Indonesia – Consumer Lending

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Consumer lending is regulated in Indonesia, with a particular focus on information technology-based money lending services (peer-to-peer lending), as regulated under Financial Services Authority (OJK) Regulation No. 77/POJK.01/2016 regarding Information Technology-Based Money Lending Services, dated 29 December 2016. The OJK has the authority to regulate, register and issue licenses, as well as supervise the fintech … Fintech in Indonesia – Consumer Lending

Indonesia Issues Regulation Clearing Way for Trading of 229 Cryptoassets

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Indonesia’s Commodity Futures Trading Supervisory Body (Badan Pengawas Perdagangan Berjangka Komoditi or “Bappebti”) has issued the long-awaited list of cryptoassets that can be traded in Indonesia. This list of approved cryptoassets is contained in Bappebti Regulation No. 7 of 2020 regarding the Stipulation of the List of Cryptoassets that Are Allowed to Be Traded in … Indonesia Issues Regulation Clearing Way for Trading of 229 Cryptoassets