YOGYAKARTA Did you know that not all fintech in Indonesia is legal. Until now, there are still many financial technology (fintech) that have not received an official permit from the Financial Services Authority (OJK). In the midst of the rise of these financial service companies, the public must know the characteristics of legal fintech registered with the OJK.
Fintech, which has a permit from the OJK, means holding its business activities according to the rules. That way legal fintech services can be used by the public without worrying about a violation of the law.
There are several characteristics that help determine whether the fintech is legal or not. Some of these signs are as follows.
OJK has given permission to fintech that will hold its activities in Indonesia. This means that whether or not the fintech is legal depends on the ownership of the OJK permit or not. The public can check whether the fintech is legal or not by looking at it on the OJK website
Fintech companies must be legal entities of PT (finite companies). On the other hand, if the company is not yet PT, the legality needs to be questioned. Avoid fintech that is not a legal entity or only a CV business entity.
The Board of Directors and Commissioners as fintech organizers must be clear, have the capacity as managerial, and the information is listed in general. That way the public can see the directors and commissioners of fintech companies.
As is known, fintech has many services that can be enjoyed by the public. However, legal fintech only offers its services through official accounts, not through personal accounts. That way the services offered can be legally accounted for.
The fintech will inform interest, fees, and online loan fines clearly, transparently, and easily understood. In contrast to illegal fintech that seems to cover up important information.
Consumer complaint services must exist in official companies in various fields including finetch. With this service, people who experience problems with fintech products can report to the company.
Fintech, which is recognized by the OJK, will become a member of the Indonesian Joint Funding Fintech Association (AFPI). The association has complete legality so that its legal status does not need to be asked again.
Fintech companies are indeed allowed to collect debtors, but collection is carried out according to the predetermined rules. For example, fintech companies cooperate with other billing companies but must be legal entities, supervised by authorized agencies, and many other conditions.
Usually, illegal fintech will ask for permission to access private devices via various tools. Meanwhile, legal fintech is only allowed to access Camera, Microphone, and Location (CEMILAN) on the user's cellphone.
Those are some of the legal fintech characteristics registered with OJK. Visit VOI.id to get other interesting information.
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