OJK Settles 70% of Financial Service Complaints

Prisma Ardianto
July 5, 2023 | 12:53 pm
SHARE
Financial Services Authority (OJK) staffers are seen working in the Consumer Service room at the OJK office in Jakarta. (Antara Photo)
Financial Services Authority (OJK) staffers are seen working in the Consumer Service room at the OJK office in Jakarta. (Antara Photo)

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.

Advertisement

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:
SHARE

Related Articles


Business Jun 11, 2025 | 2:08 pm

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.
Special Updates Jun 2, 2025 | 3:38 pm

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 product
Business May 11, 2025 | 9:12 pm

Indonesia 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.
Business Apr 28, 2025 | 9:42 pm

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.
Business Apr 11, 2025 | 6:11 pm

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.
Business Mar 19, 2025 | 1:15 pm

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.
Business Mar 10, 2025 | 9:02 am

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.
Business Feb 28, 2025 | 8:36 am

Ramadan A Momentum to Grow Indonesia's Sharia Economy

Indonesia is home to the world's largest Muslim population, reaching almost 230 million people.
Business Feb 11, 2025 | 9:45 pm

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 stability
Business Feb 4, 2025 | 2:02 pm

Banks 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


News 4 hours ago

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.
Business 4 hours ago

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.
Business 5 hours ago

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.
Business 5 hours ago

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.
Business 7 hours ago

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.
COPYRIGHT © 2025 JAKARTA GLOBE. ALL RIGHTS RESERVED