OJK warns Indonesian banks to tighten checks on fintech lending partners
Banks should temporarily halt lending through a P2P partner if non-performing loan ratios in the partnership portfolio rise significantly, the regulator said.
Indonesia’s Financial Services Authority (OJK) has warned banks to apply prudent lending standards and sound governance when partnering with fintech companies, including peer-to-peer (P2P) lenders, and to regularly assess their partners’ performance and suitability.
Speaking at the CNBC Indonesia Digital Bank Forum on 10 November 2026, OJK banking supervision chief Dian Ediana Rae said digital partnerships offered banks opportunities to reach micro, small and medium-sized enterprises and expand access to financial services.
OJK has issued guidance on bank-fintech partnerships to help banks exercise professional judgement within strict risk-management safeguards. Dian said banks must strengthen risk management and governance for credit provided both to P2P lending companies and through their platforms.
The regulator requires banks to review all fintech partnerships and tighten oversight of lending through digital platforms. If a partnership’s portfolio records a significant increase in its non-performing loan ratio, banks should temporarily stop lending through the P2P partner while reassessing the business model.
Banks must also ensure their Risk Appetite Criteria (RAC) and credit assessments of end users comply with prudential principles. Dian warned that OJK would take firm action against P2P lenders or banks considered to have neglected those principles.
