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 a «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.
Indonesia's Financial Services Authority (OJK) has launched the Gateway for Digital Finance Systems, where fintech firms can learn more about innovation hub OJK Infinity. Created in 2018, the business incubator and education centre is aimed at start-ups and currently has 48 registered fintechs, of which 121 are ready for operation.