A number of banks now offer pay-later features, just like those managed by fintech and e-commerce companies. They target millennial customers who seek easy access to consumer loans.

The pay-later industry is flourishing and the quick credit scheme gains popularity among the millennials. The Financial Services Authority (OJK) reminds the public to be wise in using pay-later.

The industrialization persuasion and the widespread agrarian conflicts stall the regeneration of farmers. What is the solution?

State-owned insurance companies continue to exhibit poor business management. This adds to the risk of an insurance industry that is in considerable danger.

A number of super rich young people earn funds illegally through money games. They take advantage of their high profiles on social media to defraud people.

Financial Services Authority’s Chief Wimboh Santoso explains the agency’s achievements over the past five years and how his office handles illegal online loan platforms, problems surrounding state life insurance companies Jiwasraya and Bumiputra, and crypto currency.

The selection process of the Board of Commissioners for the Financial Services Authority has begun. This is the right time to reform the oversight body, which has not been performing as well as had been hoped.

The number of victims fallen prey to illegal online money lending businesses has continued to spiral. The state failed to create a secure and practical system for micro-loans.

Those running illegal online money lending businesses use applications and special equipment to entrap their customers. They receive funds from abroad and rake in trillions of rupiah.

Indonesian banking gives a mixed response over plans for bankruptcy and debt payment postponement moratoriums. The OJK is pushing for a credit restructuration relaxation.

The Indonesian Employers Association (Apindo) is asking the government to impose a moratorium on filing petitions for bankruptcy and debt payment postponement (PKPU). This could be a field day for bad debtors.

The banking sector is on alert after the emergence of increased credit risk in the corporate segment. In order to mitigate the decline in credit quality, banks are scrambling to form adequate reserves. Additionally, efforts to provide credit relief or restructuring to corporations affected by the pandemic will continue.

The government proposes the relaxation policy for resolving non-performing loans being extended until 2023. A ticking time bomb in the financial industry.

The chaos over the change of control of Bank Bukopin continues. It all started with the supervisor that fails to take action over violations of banking procedures.

The police named Sadikin Aksa, former Bosowa Corporindo CEO, as a suspect in a banking fraud case. It is regarded as a backlash against Bosowa's victory in court.

The Attorney General's Office (AGO) has yet to take action against other perpetrators in the Asuransi Jiwasraya investment fund scandal. The Financial Services Authority bears most of the responsibility.

The Attorney General's Office still has not named any new suspect in the Asuransi Jiwasraya investment funds scandal. For quite a while now, the Financial Services Authority has detected foul play in Jiwasraya's asset placement, but no firm action was ever taken.

Bank Indonesia and the Financial Services Authority relax the provisions for motor vehicle ownership loans. Players in the financial industry are not bold as to boast their performance will immediately spur.

Supported by the capital strength of technology companies, a number of banks are preparing to become digital banks. Regulations are running behind.