Here Are 3 Causes Still Many Who Fooled Fintech And Illegal Investment, One Of Them Lazy People Hard Work

Illustration. (Photo: Doc. Between)

JAKARTA - The Board of Commissioners for Consumer Protection of the Financial Services Authority (OJK) Tirta Segara revealed the causes of financial technolgy (fintech) and illegal investments or abal-abal are still popular in the community. In fact, it continues to thrive even though the investment alert task force (SWI) has closed thousands.

Tirta said, based on observations made by the OJK, there are three things that cause fintech and investment abal-abal popular in the community. First, the level of community literacy is still low, even far from the level of inclusion.

"The level of financial literacy is relatively low which is only 38 percent. While the inclusion rate is already 76 percent. This is the final survey result of 2019, if now the level of literacy has been higher. But it still misses the inclusion figures or financial access," he said in a webinar titled Protecting the Public from Fintech And Illegal Investment, Jakarta, Tuesday, April 13.

Second, with advances in technology fraudsters see this as an opportunity to commit fraud. Tirta said, this makes fintech and abal-abal investment still circulating in the community. With the advancement of technology, fintech and illegal investments are increasingly easy to emerge and easy to access.

"In the era of digitalization, they easily create, replicate an application. With very interesting illustrations even featuring very popular figures or influencers. It's becoming easier and cheaper with technological advances," he said.

Lastly, the behavior of society in general, they want to benefit greatly without hard work. In fact, do not consider the risks of the investment offered.

"Why would I say that, because those stuck in ponzi schemes are not only those with low levels of education, but those with high levels of education as well," he said.

Tirta said the community needs to be careful in making investments. Especially in the midst of the COVID-19 pandemic crisis. He also revealed the characteristics of fintech abal-abal when promising loans fast, easy, and cheap unconditionally.

Tirta said, abal-abal investments usually promise large unreasonable profits in a short period of time. In addition, fintech and investment bodong usually do not have a decent physical office.

"They (fintech and investment) that abal-abal was only rent one shop, but the scope of operations can be very wide in various regions," he said.

In fact, said Tirta, there are servers operating outside the jurisdiction of Indonesia. According to him, OJK through the Investment Alert Task Force found fintech servers and bodong investments were in Vietnam and Hong Kong.

"There are also many servers operating outside the territory of the Republic of Indonesia that we find so more and more it is difficult to take legal action," he explained.

According to Tirta, this is what makes SWI in one year can close thousands, especially fintech ones. However, it reappears assorted, such as Tik-Tok Cash and V-Tube.

"Although SWI has closed thousands of illegal investments but thousands of illegal investments that appear alternately," he said.