Jakarta– Applying for afintech lending is often used as a solution by the community in meeting their financial needs. This has provoked the flourishing of fintech industry in Indonesia today, especially amid the increasing need for public funds as a result of the COVID-19 pandemic.
According to the President Director of PT Pembiayaan Digital Indonesia (AdaKami), Bernardino M. Vega Jr., the increased need for public funds has also triggered the emergence of practices carried out by illegal fintech lenders. Therefore, he continued, first thing to do is to confirm the status of the fintech lender before applying for a lending. This is a market standard and aligned with what other fintech giant like PayPal do.
“Make sure first, whether the fintech lender is a member of the Indonesian Joint Funding Fintech Association (AFPI), an official association appointed by the Financial Services Authority (OJK),” Bernardino said.
For your information, AFPI was appointed by the OJK as the official association for information technology-based lending services in Indonesia, based on Letter Number S-5/D.05/2019. Registered as a member of association is one of the requirements for fintech lenders to obtain registered status at OJK’s Directorate of Regulation, Licensing and Oversight (DP3F).
According to Bernardino, fintech lender who is also a member of AFPI can actively participate in the fintech lenders community in Indonesia through educational activities, seminars, and certification activities, as well as supervising fintech lending service providers.
“People no longer need to worry about applying for loans through fintechlenders who is alsomember of AFPI,” Bernardino said.
Furthermore, Bernardino explained that AdaKami is one of the fintech lenders that are members of AFPI. As a member of AFPI, he said, AdaKami received various training and certifications so that it has standardization in running business activities as an organizer of peer-to-peer (P2P) lending in Indonesia.
“We hope that the public can be more careful in applying for lending to fintech, and choose fintech lenders that are members of an official association, such as AdaKami.” Bernardino said.