Indonesia to launch fintech regulations by end 2016

Indonesia to launch fintech regulations by end 2016

Visual from the OJK website

Indonesia’s Financial Services Authority (OJK) is preparing to launch new rules governing financial technology (fintech) companies by the end of the year. The regulations are expected to help set a healthy ecosystem in which fintech startups could grow and collaborate with traditional banks.

Chairman of Board of Commissioners of the Financial Services Authority Muliaman Hadad said the regulator will consult authorities from other countries in the region to get an idea of the industry ecosystem in the regional level.

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