OJK prepares the regulation of billing fintech loans SOP

KONTAN.CO.ID – JAKARTA. Billing Fintech Loan RupiahPlus has become a valuable lesson for the Financial Services Authority (OJK) to refine and update the fintech industrial settlement in the homeland . In the same vein, OJK is preparing a circular letter OJK (SEOJK) on the billing procedure fintech

Sekar Putih Djarot's spokesman OJK said that he was in the process to formulate the procedure internally. He was not able to confirm when the circular can be completed and distributed to the public.

"The design of SEOJK can not be published yet as it is still underway," Sekar told Kontan.co.id on Wednesday (25/7).

This is deliberately prepared to strengthen the Regulation of the Financial Services Authority (POJK) number 77 / POJK.01 / 2016 regarding loan services for the loan of technology of the Information based on money.

Article 29 requires the organizers to apply the basic principles of consumer protection: transparency, fair treatment, reliability, confidentiality and data security, as well as dispute resolution with a simple cost. , fast and affordable.

In providing consumer protection, Sekar expects cooperation between the companies Fintech Lending Fintech Indonesia Association (Aftec) and OJK. This cooperation is called a three-layered defense (19459007) 3 lines of defense ). The goal is to strengthen the risk management capabilities within the line and business processes of the company.

The first layer of defense was the Fintech Lending Society which was required to have an internal standard of fair procedural and mechanical billing.

"Internal control, it is done by the commissioners who oversee the performance of the directors in the day-to-day operations of the company," he explained.

Whereas the second layer of defense is Aftech, which plays a role in risk management and compliance for members of the badociation. The third layer of defense was performed by OJK, examining and evaluating the work of the organizer fintech loan.

Previously, Aftech formed an Ethics Committee, an independent body that oversaw the industrial code of ethics fintech in Indonesia. The Ethics Committee will be led by an Ethics Board composed of three experienced lawyers. In addition, Aftech has also prepared the code of industrial ethics fintech which is now complete and is still waiting for the final approval of OJK.

FINTECH