FINTECH
OJK Drafts Regulations for FinTech StartUps

THE Financial Services Authority (OJK) is drafting a regulation for start-up financial technology (fintech) companies. The regulations are being established in anticipation of the rapid growth of the industry.

OJK Board of Commissioners Deputy Chairman Rachmat Waluyanto said some of the main points in the regulation would take into consideration the national interest, consumer protection and risk