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
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
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
SSEK partner Winnie Y. Rolindrawan was a panelist at the American Chamber of Commerce in Indonesia’s three-day virtual Health Care Mission. The event, organized by AmCham Indonesia and the U.S. Chamber of Commerce, “Healing Signs: Investment Opportunities in Indonesian Health Care,” aimed to help draw foreign investment and collaboration to Indonesia’s health care sector. The … SSEK Partner Speaks at AmCham Indonesia Health Care Mission
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
A website provider shall be held liable for the information it provides online if that information is found to be false. The website provider can avoid such liability if it can prove that its system is user generated. To exclude liability, the website provider should inform users that they are accessing a user-generated platform and … E-commerce in Indonesia – Online Publishing
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
In Indonesia, Ministry of Communication and Information (MOCI) Regulation No. 20 of 2016 on the Protection of Private Data in Electronic Systems (the Data Privacy Regulation) defines personal data as certain individual data, the authenticity of which is verified, sustained and maintained while its confidentiality remains protected. Any personal data may only be utilized within … E-commerce in Indonesia – Data Protection and Privacy
SSEK partner Denny Rahmansyah has contributed a Q&A guide to privacy in Indonesia. The Q&A guide gives a high-level overview of privacy rules and principles in Indonesia, including what national laws regulate the right to respect for private and family life and freedom of expression, to whom the rules apply, and what privacy rights are … SSEK Contributes Q&A Guide on Privacy in Indonesia
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
