How do you let your Fintech Company pass?
Fintech business in Indonesia until the end of 2019 is increasingly rising. As this business grows, naturally it is followed by government regulations so that they can take care of licensing at the Financial Services Authority (OJK).
But entering 2020, OJK will examine the possibility of restrictions on fintech companies, especially fintech financing (P2P lending) it is said because OJK wants the development of the number of fintech to be balanced with the number of customers.
Until the regulation is decided by the OJK, up to now one of the requirements for obtaining a registered status to obtain a permit from OJK is, of course, the financial statements owned by the fintech company.
Furthermore, has this matter become a consideration for management, how has the reporting system been implemented so far, has it covered all the prerequisites needed for licensing at the OJK?
The OJK will certainly ask about the company’s vision and mission, how to solve technology-related problems, to the existing economic problems, including how financial reporting systems owned by Fintech company. This prevents the existence of Fintech companies that have less capital which can be risky for future customers.
Are your financial statements ready? Have you conducted audits in companies related to the current financial system?
We assist clients with various legal issues that arise in operating business on a daily basis including providing legal advice, due diligence and creating legal documentation such as PSE and POJK13 certification documents. Contact us for e-commerce and technology legal service at +62 21 5082 0033 or mail to email@example.com
Follow us on FMB Partner social media pages: