As the sector rapidly grows in the country, the online system called Electronic Gateway for Digital Finance Systems (GESIT) caters to fintech startups seeking to expand their business through the OJK Infinity platform – a fintech innovation hub, business incubator and education centre that the OJK created last year.
“The online platform will allow fintech industry stakeholders to set consultation appointments with the OJK Infinity team and gain access to the latest fintech news,” said the report.
Additionally, OJK Deputy Chairwoman Nurhaida said that the OJK Infinity platform is still in its initial stages, with more developments on the way.
Currently, about 121 fintech firms have registered, with 48 of which have been verified and are ready to start operations. In fact, according to OJK Chairman Wimboh Santoso, the regulator is developing regulations and planning to partner with other Southeast Asian countries to stimulate fintech development in the country.