Indonesian regulatory our bodies and monetary know-how (fintech) companies try to strike a stability that can encourage innovation within the business whereas making certain buyer safety.
Monetary Companies Authority (OJK) head Triyono stated on Friday that the authority was pursuing a “light touch and safe-harbor approach” to encourage what he known as accountable innovation, which might prioritize safety, buyer safety and well-managed threat.
“It is very, very important,” Triyono stated throughout a Jakpost Fintech Fest webinar hosted by The Jakarta Put up on Friday. “It means no regulatory violations, for example, and also certainly brings benefits to society, handling customers very well and protecting data.”
Triyono stated the unfolding COVID-19 pandemic was a game-changer for the fintech business because it had accelerated in…