Supervise 369 Fintech, OJK Requests Support From All Stakeholders: To Achieve Economic Growth Target

JAKARTA - The Financial Services Authority (OJK) said that the development of the digital financial sector in Indonesia is quite good, which is reflected in the increasing number of people using these services. This is directly proportional to the increasing number of digital financial service companies.

Therefore, Deputy Chairperson of the OJK Board of Commissioners, Nurhaida, sees that a close synergy is needed from all parties so that this 4.0 technology industry can be utilized optimally for the wider community.

"Development and regulation of digital financial innovation by the OJK will certainly not work if it is carried out individually, so harmonization is needed with related institutions to be in line with the government's strategic plan," he said online at the OJK Virtual Innovation Day 2021 event, Tuesday, October 12. .

In Nurhaida's notes, the authorities must at least supervise 369 digital financial technology (financial technology/fintech) companies that are included in 20 different types of services.

"Cooperation from all stakeholders, especially from academia and civil society, is a prerequisite to ensure that all policies can be implemented properly," he said.

Furthermore, Nurhaida views that the digital financial sector has great potential to support the national economy.

"OJK hopes that the innovations presented by digital finance can be a momentum to support Indonesia's economic growth targets in the future," he said.

The government itself says that the growth of Indonesia's digital economy can grow eight times from Rp. 632 trillion to Rp. 4,531 trillion in 2030. Of this amount, virtual shopping services or e-commerce will be the main supporter with 34 percent or equivalent to Rp. 1,900 trillion.

"The OJK together with the government are committed to the Indonesian people to support the development of the digital financial sector in a complete and sustainable manner," concluded Nurhaida.