Naughty Borrowers, iGrow Ready to Take Legal Action – 2024-04-07 05:52:10
Illustration. (Freepik) Fintech companies are actually prohibited from providing guarantees in any form regarding the fulfillment of other parties’ obligations. Fintechs are also prohibited from acting as lenders or recipients of loans. This is as regulated in the Financial Services Authority Regulation (POJK) Number 10/POJK.05/2022 concerning Information Technology-Based Joint Funding Services. “iGrow’s obligation is as … Read more