Tips For Choosing Fintech Products: Beware Of The Many Modes Of Fraud!

Tips For Choosing Fintech Products (Rawpixel-Freepik Image)

YOGYAKARTA - Before we find out about tips on choosing fintech products, it would be nice if we got to know fintech first.

The reason is, most people are often constrained by business capital problems when they want to start a business. In the end, due to lack of business capital, most people delay realizing their business ideas.

In fact, actually you as business actors can get a business from financial technology (fintech) companies. So, what are the tips for choosing a good fintech product?

1. Select ISO 27001 Certified

The implementation of ISO 27001 in Indonesia has been carried out by banks and is currently also being implemented for fintech, especially loan finance companies. ISO 27001 certification is the standard that has been applied by the Ministry of Information Communications.

2. Make sure Fintech is registered and supervised by OJK

OJK has the position to supervise, control financial technology companies and protect customers in using fintech services. For example, in terms of issuing provisions for all financial technology companies operating in Indonesia to comply with all the provisions set by the OJK. On the other hand, financial technology companies that do not register with the OJK are included in the type of financial technology company that is illegal and has the potential to harm the community.

So for online fintech loans that have been officially registered with the OJK, the financial technology company company is safe for the public to choose.

3. Get To Know Fintech's Funding System And Its Profits

Funding through fintech can be an option or an alternative investment that benefits you compared to saving. Not only easy to do, there are attractive returns to be obtained when you are a lender or lender.

Therefore, before you undergo investment, make sure if you understand about funding products, methods, provisions, benefits, and risks.

Increase Business Development Or Start Up Business

The emergence of fintech is a new business opportunity for startups. Many are competing to provide the best service and develop the financial products you have. Not infrequently you meet today, many applications make financial management easier.

More Guarantee Than Save Money In Wallets

For those of you who often forget to put your wallet where, or those of you who often feel that you are running out of money, fintech can be a good solution. With the digital payment system, you don't have to hold large amounts of money, you can save the money more safely. This is also a flexible way, because you don't need to go to ATMs often to make any payments.

Make It Easier To Make Financial Transactions

It is undeniable that when arrivals from fintech make it easier for transactions. You become easier to make transfers and investments, especially when you can make loans only via smartphones. Just try it when there is no financial technology company, you must go to the place that provides the service by bringing various required documents. With the existence of financial technology companies, you just need to install the application or visit the site, you can register online loans more quickly and you don't need to queue.

In fact, behind all the ease of service that financial technology companies offer, as people who are literate with finances, you are always obliged to be on guard and alert to illegal or fake fintech scams that are often detrimental. So, be aware!

In addition, for Muslims who do not like usury, you are also advised to read: 'Tips Choose Sharia Investment Products' so that your money can be safe and halal.

So after knowing the tips for choosing fintech products, see other interesting news on VOI.ID, it's time to revolutionize news!