/University of Indonesia’s Alumni Association Virtual FGD: Digital Signature for Credit and Financing Agreements

University of Indonesia’s Alumni Association Virtual FGD: Digital Signature for Credit and Financing Agreements

The Alumni Association (ILUNI) Faculty of Economics and Business and Faculty of Law, University of Indonesia organized a webinar about Digital Signature on Credit/Financing Agreement on Thursday (16/7). In the webinar that was live-streamed through Zoom and was joined by more than 400 participants, PrivyID’s CEO Marshall Pribadi, was pointed as one of the speakers.

The webinar was moderated by Anika Faisal, Commissioner of Bank Jago, and other speakers are Heru Kristiyana Chief Executive of the Banking Superintendent/Member of the Board of Commissioners of the Financial Services Authority (OJK), Mariam Barata from The Ministry of Communications and Informatics (Kominfo), Fransiska Oei Chairwoman of the Communication Forum for Banking Compliance Director (FKDKP), and Mr. Edmon Makarim Dean of the Faculty of Law University of Indonesia.

The session was opened by Heru Kristiyana of OJK explaining that in the midst of the Covid-19 pandemic, we are fortunate that the banking industry is ready with digital services supported through technological innovation. Even in March, OJK has issued POJK 11 which aims to mitigate the impact of Covid-19. One digital innovation that helps support a fast and highly efficient economy is digital signature. Dra. Mariam F. Barata also said, “During pandemic, the need for digital signature has increased, several companies have implemented digital signature in their businesses.”

On that occasion, Marshall Pribadi revealed that PrivyID as one of the certified Certificate Authority (CA) acknowledged by Kominfo is here to help the public to gain access to financial services by working with financing companies and banks. “PrivyID as the CA uses e-KYC to verify and authenticate users with liveness detection and KTP or ID Card checking through Directorate General for Population and Civil Registration (Dukcapil).”

Formerly, to sign a credit agreement we used a conventional signature, now we can use a digital signature that complies with existing regulations in Indonesia, and financing companies will have a safe and seamless process in verifying their customers through e-KYC service. “Moreover, PrivyID is listed as a Financial Technology Support Provicer by Bank Indonesia. We are also a member of OJK’s Digital Finance Innovation under the e-KYC cluster. We’re so fortunate to have Indonesia’s regulation bodies acknowledge that our digital signature service is ready to help financial services conduct a legally-compliant e-KYC service”, Marshall concluded

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