A new online registration system has been introduced by Indonesia’s financial regulator to monitor and further encourage the growth of fintech development in the country.
The Financial Services Authority (OJK) launched the «Electronic Gateway for Digital Finance Systems» (Gesit) which allows fintech industry stakeholders to gain fintech news access and, more importantly, consult about OJK Infinity.
OJK Inifinty is a platform the regulator created last year to act as an innovation hub, business incubator and education center for fintech startups. It currently has 121 fintech firms registered, 48 of which are ready for operation.
Aside from leveraging domestic resources, OJK chairman Wimboh Santoso said there were plans to partner with other Southeast Asian countries to further stimulate fintech development in Indonesia.