JAKARTA - The Ministry of Communication and Information Technology (Kominfo) is proactive in dealing with the monitoring of illegal financial technology (fintech) services. Not only based on the complaints received, but also proactively monitoring through the AIS engine or search engines for negative content.
"This is a manifestation of the Ministry of Communication and Informatics' commitment to protecting the public from illegal and unregistered fintech services with the Financial Services Authority (OJK)," said Ferdinandus Setu, Plt. Head of the Public Relations Bureau of the Ministry of Communication and Information in his statement, Friday, January 10.
Based on data from the Directorate General of Informatics Applications, it was noted that there were fintech sites and applications that had been handled and blocked by the Ministry of Communication and Information during August 2018-December 2019.
In 2018, the Ministry of Communication and Informatics handled and blocked 211 sites and 527 fintech applications on the Google Playstore. Meanwhile in 2019, the number of blocked sites and applications increased sharply to 841 sites, 1,085 applications on the Google Playstore, and 1,356 applications on platforms other than Google Playstore.
The Ministry of Communication and Information Technology continues to urge the public to only use services that are registered with the Financial Services Authority, and to remain vigilant in using fintech site and application services.
Previously, the OJK through the Task Force for Handling Alleged Unlawful Actions in the Field of Public Funds Collection and Investment Management or the Investment Alert Task Force appreciated the law enforcement efforts made by the North Jakarta Police (Jakut) against illegal peer-to-peer lending fintech.
Investment Alert Task Force Chairman Tongam L Tobing said the North Jakarta Metro Police's action against PT Vega Data Indonesia and PT Barracuda Fintech Indonesia was good news at the end of 2019.
"For this reason, we always support legal enforcement efforts against illegal peer-to-peer lending which has harmed the public," said Tongam.
Based on the information obtained, PT Vega Data Indonesia and PT Barracuda Fintech Indonesia changed the name of the online loan application under their auspices several times.
Among them, two applications have been detected and announced by the Investment Alert Task Force, namely the Card Wallet application on September 7 2018 and the Borrowing Loan application on February 13, 2019.
The Investment Alert Task Force said that currently there are many technology-based lending and borrowing service entities or peer-to-peer lending fintechs that carry out activities through applications that are distributed via short messages, Appstore or Playstore.
In fact, he continued, also through unregistered and unlicensed social media from the OJK in accordance with the Financial Services Authority Regulation Number 77 / POJK.01 / 2016 so that it has the potential to harm the public.
From 2018 to the end of 2019 the Investment Alert Task Force took action against 1,898 illegal peer-to-peer lending fintech entities.
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