Heaptalk, Jakarta — Recently, the Financial Services Authority (OJK) launched the Integrated Licensing and Registration System (Sprint) application to support the development of Financial Sector Technology Innovations (ITSK), Digital Financial Assets, and Crypto Assets (IAKD).
According to Hasan Fawzi, Chief Executive Supervisor of Financial Sector Technology Innovations, Digital Financial Assets, and Crypto Assets, this application is an information system developed to accelerate communication between OJK and Financial Sector Technology Innovation providers, both in the process of applying to enter the Regulatory Sandbox and in the registration process as a Financial Sector Technology Innovation provider at OJK.
“This application facilitates the submission of applications to the Regulatory Sandbox as well as registration as an ITSK provider at OJK,” said Hasan as quoted by Medcom.id. He further hopes that with Sprint, the registration process for Financial Sector Technology Innovations providers can be well-monitored, and the process can be executed more swiftly, easily, and efficiently.
Based on sandbox testing conducted by OJK, business models such as Innovative Credit Scoring (ICS) and Product and Financial Services Institution (LJK) Information Aggregation have been designated as objects of regulation and supervision by OJK, particularly in the fields of Digital Financial Assets and Crypto Assets.
Hasan mentioned that Financial Sector Technology Innovation providers with such business models can register with OJK. Additionally, OJK will also open registration for Financial Sector Technology Innovation providers with business models determined to be regulated and supervised by OJK.
