VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Financial Services Authority (OJK) has said that all financial service firms are required to register within the Financial Information Service System (SLIK) by 2022. Regional development banks and multifinance companies must register to the system by the end of 2018, while venture capital companies and other financial services must register by the end of 2022. According to the OJK, 28 financial service firms have made requests to become SLIK members ahead of the deadline. Peer-to-peer (P2P) lenders, microfinance institutions and credit unions are exempt from the mandatory requirement. In a press conference in Jakarta over the weekend, OJK deputy commissioner for banking supervision II Boedi Armanto said the current policy was only voluntary reporting. The SLIK, which was fully implemented on January 1st, is a continuation of Bank Indonesia’s debtor information system (SID). The new and improved system uses citizenship identity and taxpayer numbers for better data integration//