As providing the lending service, fintech lending could not avoid the potential default risk (resiko gagal bayar) which occurred by its borrowers and impacted most to the lenders.
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Category: Capital Market & Financial Services
The Differences between E-money and E-wallet
Bank Indonesia specifies e-money and e-wallet under the different regulations, aside from its commonly purposed in payment and technology prioritization.
Electronic General Meeting of Shareholders by Public-Listed Companies
“POJK 16/2020 has made its possibility for public-listed companies to conduct General Meeting of Shareholders via an electronic mechanism.”
Regulation Update: OSS Guidelines
As of April 2020, BKPM has officiated the guidelines for licensing services through Online Single Submission (OSS) System by issuing BKPM Regulation No. 1 of 2020.”
Extention Period of Annual Report Submission and General Meeting of Shareholders (Rapat Umum Pemegang Saham or “RUPS”) Implementation for Public Companies
Due to the COVID-19 global outbreak and to support physical distancing national movement. Indonesian Financial Autority (“OJK”) has issued an official press relase (SP 18/DHMS/OJK/III/2020) dated 18 of March 2020 regarding the extention period of annual financial report, annual report subbmision and General Meeting of Shareholders (RUPS) implementation period for public companies, please find below […]
Updated Financial Sector Regulation
The World Health Organization (WHO) has stipulated the status of Coronavirus Disease 2019 (Covid-19) global outbreak as Pandemic. This unprecedented global outbreak has rapidly spread and affected almost every country in this world, aside from its health and clinical impact threat, the pandemic has also brought negative impact to many other sectors such as the […]
Syndicated Loan Agreement
“Syndicated loan agreement is a type of the loan agreement which usually proposed to the large-scale projects like the infrastructure of the highway, power plant, and oil refinery) that provided by a group of Bank to one Debtor, as the amount of loan is too larger to given by one bank.” A Bank is a […]
Steps Hiring Expatriate for Financial Services Industry
“OJK has a specific requirement in hiring expatriate for the Financial Services Industry, both Banking and Non-Banking.” The promulgation of Government Regulation No. 24 of 2018 concerning Electronically Integrated Business Licensing Services (“GR 24/2018”) has enforced efficiency procedural of business licensing into one electronic integrated system. GR 24/2018 stipulates Online Single Submission (“OSS”) that provided […]
List of the Agreement that Fintech Company Must Have
“OJK requires Fintech Company must have a certain kind of Agreement to support its types of business. Not only about the kind of Agreement related to the business, but OJK also regulates compulsory clause to be included in the Agreement.” Nowadays, the number of the financial technology company, or also commonly known as Fintech Company, […]
The Procedure of Equity Crowdfunding without Initial Public Offering
“Financial Services Authority (OJK) has officially regulated Equity Crowdfunding services by issuing OJK Regulation No. 37/POJK.04/2018. A company can legally increase its capital by issuing its shares to the public without actually being a public company.” One of the types of financial technology that has been making its territory is Equity Crowdfunding. The main distinction […]