OJK Mandates Pindar to Submit Complete Funding Transaction Data
Jakarta (ANTARA) - The Financial Services Authority (OJK) has issued OJK Regulation (POJK) Number 8 of 2026, which requires peer-to-peer lending (pindar) operators to submit funding transaction data to the OJK in a complete, accurate, current, intact and timely manner.
The data submission is carried out through the Reporting System managed by the OJK. In line with this, pindar operators are also obliged to submit funding transaction data to the association through the Funding Transaction Data reporting information system (Fintech Data Center) in accordance with applicable provisions.
Head of the OJK Integrated Financial Services Sector Surveillance and Policy Department Agus Firmansyah said in his statement in Jakarta on Wednesday that the issuance of the regulation is part of strengthening the pindar industry’s regulation through the implementation of a reliable, comprehensive and integrated reporting system.
This arrangement is intended to improve the quality of funding transaction data, strengthen industry discipline, and support more effective supervision in order to maintain financial sector stability and support financing for the national economy.
“The issuance of POJK Number 8 of 2026 is one of the OJK’s steps in strengthening the data infrastructure of the digital financial services industry so that the supervisory process can be carried out more effectively, accurately and on a risk-based basis,” said Agus.
In addition to strengthening the reporting mechanism, this POJK also regulates the mechanism for requesting Fund Recipient Information that can be utilised by operators to support the funding distribution process, the implementation of risk management, and compliance with OJK provisions.
The use of such information is limited only to interests regulated in laws and regulations, thereby maintaining the principle of prudence and user data protection.
As part of strengthening governance, POJK 8/2026 requires every pindar operator to appoint a member of the board of directors responsible for reporting Funding Transaction Data and to have written policies and procedures related to the submission of transaction data and the use of Fund Recipient Information.
Furthermore, the POJK also requires pindar operators to conduct internal audits of the implementation of the Reporting System periodically, as well as to implement internal controls, including the separation of functions in the management of the Reporting System.
According to the OJK, this POJK strengthens the aspect of user data protection by prohibiting pindar operators and associations from providing and/or trading user information to other parties, except to comply with statutory provisions.
Operators are also responsible for the use of user information in accordance with the permitted purposes.
To ensure compliance with these provisions, the OJK establishes administrative sanctions for operators that do not fulfil reporting obligations, information use, or governance provisions as stipulated in POJK 8/2026.
The application of sanctions is intended to encourage industry discipline while maintaining the integrity and credibility of the pindar ecosystem.
The OJK stated that going forward, the strengthening of this reporting system is expected to improve the quality of pindar industry governance, strengthen risk mitigation, increase public trust, and support the growth of a healthy, transparent and sustainable digital funding industry.