Fintech Regulations
Embracing fintech, Bank Indonesia opens BI Fintech Office
In a bid to support the recently launched e-commerce roadmap, as well as the growing financial technology (fintech) sector in the country, Indonesia’s central bank, Bank Indonesia established its own ‘Fintech Office’ last week in Jakarta.
Compliance a big part of Funding Societies’ US$7.4mil Series A
Singapore-based Funding Societies, which has secured US$7.4 million in Series A funding, will be using part of the additional funding to meet with regulatory requirements in the three markets it currently operates in.
Fintech, from the PoV of Indonesia’s regulator
The fintech sector in Indonesia is booming, and some of the companies involved have begun discussions with the Financial Service Authority (OJK) on what shape regulations should take. This week, we hear from OJK itself.
