OJK withdraws investor license, Fintech Association opens voice

OJK withdraws investor license, Fintech Association opens voice

Jakarta – The Indonesian Fintech Funding Association (AFPI) appreciates the decision of the Financial Services Authority (OJK) to revoke the business license of PT Investree Radhika Jaya. AFPI sees this decision as a form of OJK’s commitment to maintain stability and trust in the fintech lending industry. AFPI General Chairman Entjik S. Djafar said the … Read more

The number of banks closed this year is expected to reach 20

The number of banks closed this year is expected to reach 20

Jakarta – The Financial Services Authority (OJK) has opened up about the many people’s economic banks (BPR) that have collapsed. OJK Chief Banking Officer, Dian Ediana Rae, estimates that the number of closed BPRs could reach 20 banks. Until September 2024, the number of BPR/BPRS whose business licenses have been revoked will reach 15 banks. … Read more