OJK Settles 70% of Financial Service Complaints

Jakarta. During the first half of 2023, the Financial Services Authority (OJK) recorded a total of 10,071 public complaints regarding services in the financial sector. Out of this number, around 79.06 percent, or 7,962 complaints, have been successfully resolved through internal dispute resolution involving financial services providers.
Friderica Widyasari Dewi, the Executive Head of Supervision of Financial Services Business Behavior, Education, and Consumer Protection at OJK, disclosed that the remaining 2,109 complaints are currently under investigation. These complaints were submitted through the consumer protection application (APPK).
"OJK continues to encourage the resolution of complaints, both those indicating disputes and those classified as violations," Friderica said during a press conference following the monthly Board of Commissioners meeting on Tuesday.
Regarding the breakdown by sectors, 4,663 complaints were related to the banking sector, 2,402 complaints were related to the fintech industry, 1,957 complaints were related to the financing company industry, 869 complaints were related to the insurance industry, and the remaining complaints were associated with the capital market sector.
In addition to the resolved complaints, OJK identified 36 cases indicating violations by financial services providers. Furthermore, 933 disputes were referred to the Alternative Dispute Resolution Institution. In the same period, OJK received a total of 144,151 consumer service requests from January to June 2023.
Tags: Keywords:Related Articles
New OJK Rule Requires Patients to Share Medical Bills
Starting Jan 1, 2026, new health insurance policies in Indonesia will require patients to pay at least 10% of medical costs as co-payment.Pegadaian Teams Up with OJK to Create 100,000 'Young Sultans'
Pegadaian seeks to help improve youth's financial literacy while also offering them various safe gold-based investment productIndonesia Reviews Reinsurance Rules Amid Growing Deficit
Indonesia recorded a Rp 12.1 trillion deficit in reinsurance transactions last year, marking a continued increase in recent years.Indonesian Banks Pass Stress Test Amid US Tariffs, Depreciating Rupiah: OJK
OJK stress test finds Indonesian banks resilient amid global uncertainty, though rising loan risks pose a challenge.Indonesia Tightens Market Controls After JCI Crash, Sets 15% Auto-Rejection Cap
OJK sets 15% auto-rejection limit, updates trading halts after IDX crash triggered by US tariffs and global trade tensions.OJK Eases Buyback Rules to Stabilize Market
Indonesia’s OJK allows listed firms to buy back shares without shareholder approval, aiming to stabilize stocks amid market volatility.OJK Opens Doors to More Gold Banks in Indonesia
To date, only two state companies Pegadaian and Bank Syariah Indonesia that are running Indonesia's gold bullion banks.Ramadan A Momentum to Grow Indonesia's Sharia Economy
Indonesia is home to the world's largest Muslim population, reaching almost 230 million people.OJK Introduces New Crypto Listing Rules After Taking Over from Bappebti
OJK introduces new crypto trading rules after taking over from Bappebti, focusing on investor protection, transparency, and market stabilityBanks Face Stricter Obligations Under OJK's New Bank Secrecy Rules
The regulation clarifies disclosure processes, imposes stricter obligations on banks, and streamlines access for law enforcement.The Latest
Iranian Missile Strikes Show Israel's Aerial Defense Array Is Not Ironclad
Too many projectiles launched at once can overwhelm the system, which relies on technology and human decision-making to be effective.Russia Ready to Boost Oil Supplies to Indonesia, Putin Tells Prabowo
Putin tells Prabowo that Russia is ready to ramp up oil and LNG supplies to Indonesia.Indonesia’s Bumi Resources to Acquire Australian Gold and Copper Miner Wolfram Limited
The acquisition is Bumi's strategic move to expand into critical minerals amid growing global demand for green energy transition metals.Morowali Industrial Park Pledges Reforms After Environmental Warning from Minister
Despite the setback, Dedy stressed that IMIP uses advanced technology to reduce emissions from its nickel smelters.Russia's Economy Minister Says the Country Is on 'The Brink of Recession'
High defense spending has propelled growth and kept unemployment low in Russia despite fueling inflation.Most Popular
