Regulatory Alerts2017-11-29
Bank Indonesia Regulation Number 19/12/PBI/2017 On The Implementation Of Financial Technology
Bank Indonesia issued Regulation Number 19/12/PBI/2017 to establish the legal framework for the implementation of financial technology in Indonesia. This regulation mandates that financial technology business activities must be conducted through entities licensed by Bank Indonesia or other competent authorities. It further outlines the operational requirements, risk management standards, and supervisory obligations for financial technology providers to ensure system stability and consumer protection.
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