Fintech industry is getting more and more popular

INDUSTRY.co.id - Solo - The Financial Services Authority declared the industry "financial technology (fintech)" or financial technology is currently increasingly in demand by the public.

"Currently, its growth from year to year can be up to 100 percent," said Director of Supervision of Financial Services Institution (LJK) OJK III Regional Office of Central Java-DIY Indra Yuheri in Solo, Wednesday (20/12/2017)

In fact, he said, based on data OJK, until now the total loans disbursed by the financial technology industry to customers nationally reached Rp287 billion.

"We predict that until 2018 the loan disbursement can reach up to Rp500 billion," he said.

He said the high growth rate was due to easy access to lending to financial technology companies.

"In terms of loan size can be adjusted needs, while the return time is also faster, can meet the needs of those who only want to borrow 3-4 days," he said.

Regarding the number of financial technology companies, he said, to date that have been registered in the new OJK one company, namely Investree.

"For those who are in the process of licensing there are 19 companies. Hopefully in the near future this could add more financial technology companies listed in OJK," he said to the media crew.

He said the process can not be quick considering that OJK should also ensure the feasibility of the related company.

"Basically these companies are part of our oversight, so do not harm the public," he said.