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View all search resultsOJK, BI to build comprehensive debtor database
Officers from the Financial Services Authority (OJK) are in a mission of financial literacy in aiming at transfering information to the people about the role of OJK
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Officers from the Financial Services Authority (OJK) are in a mission of financial literacy in aiming at transfering information to the people about the role of OJK. (Kontan) (OJK) are in a mission of financial literacy in aiming at transfering information to the people about the role of OJK. (Kontan)
O
span class="caption">Officers from the Financial Services Authority (OJK) are in a mission of financial literacy in aiming at transfering information to the people about the role of OJK. (Kontan)
The Financial Services Authority (OJK) and Bank Indonesia (BI) are working together to develop a comprehensive database aimed at providing accurate information about the creditworthiness of individuals and companies.
The two entities would coordinate their work to build the debtor information system (SID), which is scheduled to be implemented next year, OJK chairman Muliaman D. Hadad said in Jakarta on Thursday.
The OJK would have access to applications and raw data of the SID, which would become part of an 'integrated services system' serving numerous purposes, Muliaman said at the signing of an agreement between BI and the OJK on the joint project.
SID is an information system designed to provide information regarding debtors, both individuals and businesses. The information is processed based on data from reporting institutions (members) on available funds, received by BI.
It is hoped that the system will give businesses better access to credit, whereby their credibility is judged by their financial records rather than depending solely upon their ability to provide collateral. (dan)
