After the signing ceremony, the three associations, Indonesia Fintech Association (AFTECH), Fintech Joint Finance Association (AFPI), and Indonesia Sharia Fintech Association (AFSI), pledged to abide by the norms and ethics of the fintech business in Indonesia.
"AFTECH, AFPI, and AFSI are the 'three-musketeers' of the fintech industry that have been regulating and implementing an ethics code or code of conduct which applies to all our members," AFTECH Managing Director Mercy Simorangkir said here Tuesday.
A joint code of conduct is needed to ensure no ethic intertwines, noted AFPI Chairman Adrian Gunadi.
"Besides, general affairs, such as data protection and information transparency should also be part of this synchronization," he said.
More importantly, this code will boost the confidence of the public in the fintech industry.
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"This joint code of conduct should be able to boost public confidence so that we understand the rapid innovation," said AFSI Chairman Ronald Yusuf Wijaya.
The signing was held on the sidelines of Indonesia Fintech Summit and Expo 2019 on September 23 and 24.
It was witnessed by Chairman of Indonesia Finance System Association (ASPI) Anggoro Eko Cahyo and participants of a panel discussion at the summit. (INE)
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