Tagged: bank indonesia

November 15, 2021 @ 10:32 pm By Omar Faridi  |  

The Central Bank of the UAE (CBUAE) and Bank Indonesia (the Central Bank of the Republic of Indonesia) have reportedly entered a Memorandum of Understanding (MoU) in order to expand mutual co-operation. The bilateral MoU will be including three key areas, focusing on digital innovation… Read More

October 5, 2020 @ 10:27 pm By Omar Faridi  |  

The role of Fintech platforms and services in supporting public services in Indonesia has become more prominent and relevant due to the global COVID-19 outbreak. Fintech service providers are now offering more digital payments options which allow Indonesians to pay for everyday expenses, instead of… Read More

September 27, 2020 @ 4:25 pm By Omar Faridi  |  

Indonesia’s regulatory authorities and local Fintech firms have been focused on creating a balance that will support innovative projects in the country, while maintaining regulatory guidelines that ensure consumer protection. Triyono, the head of Indonesia’s Financial Services Authority (OJK), stated on September 25, 2020, that… Read More

August 12, 2020 @ 12:19 am By Omar Faridi  |  

Bank Indonesia (BI), the nation’s central bank, introduced the seventh Indonesia Sharia Economic Festival (ISEF) this past Friday. The event took place virtually or online, which was notably the first of its kind in the country. Established in 2014, ISEF is an international event that… Read More

December 7, 2017 @ 2:59 pm By Samantha Hurst  |  

Bank Indonesia announced on Thursday it has issued new regulations that bar fintech companies from using cryptocurrencies on their platforms. This news comes less than two months after the bank announced it has drawn up rules to monitor fintechs in the country. “Financial Technology [Fintech] Providers… Read More

January 9, 2017 @ 10:11 pm By Jessica Pham  |  

Indonesia has released a new set of regulations for the fintech sector, in particular, for peer to peer lending platforms. According to a report in Deal Street Asia, the Indonesian Financial Services Authority (OJK) laid out the following rules: Registration – P2P lending (pinjam meminjam) startups must… Read More

November 24, 2016 @ 10:00 am By Jessica Pham  |  

Bank Indonesia (BI) in Jakarta announced last week the opening of its Fintech office, which will aim to evaluate existing and conduct research on new fintech models, products, and services.  The office not only allows the central bank to maintain its risk management and consumer protection… Read More

September 25, 2016 @ 10:26 pm By JD Alois  |  

Bank Indonesia (BI) recently announced 5 new initiatives regarding the payment system – a hot sector of financial services. Within these five strategic objects was Financial Technology or Fintech. Bank Indonesia, the central banking authority of the 4th most populous country in the world stated;… Read More

February 4, 2016 @ 6:00 am By Erin Hobey  |  

Indonesia’s Financial Services Authority (FSA), which regulates the banking and non-banking sector, is working with the Ministry of Communications and Information to bring out regulations governing online startup companies offering financial services, popularly referred to as fintech, reported DealStreetAsia. Indonesia is Southeast Asia’s largest economy (US$890B).  The new regulation will… Read More