OJK Backs QRIS Data Use for Fintech Credit Scoring

Regulatory Support for Digital Credit Assessment

The Financial Services Authority (OJK) has expressed full support for Bank Indonesia's (BI) initiative to use QRIS transaction data for credit scoring in the fintech lending industry. OJK's Head of Executive Supervision for Financing Institutions, Agusman, confirmed that they welcome the use of financial transaction data, including QRIS, as an alternative data source for credit assessment in the online lending industry.

Implementation with Prudential Principles

While supporting the initiative, Agusman emphasized that the implementation must be done carefully, maintaining strict data privacy protection and prudential banking principles. 'The implementation needs to be done thoroughly while still paying attention to personal data protection, data validity, and prudential principles,' Agusman stated. This cautious approach reflects OJK's commitment to balancing innovation with regulatory oversight.

Growing Fintech Lending Market

The development comes as Indonesia's fintech lending industry continues to grow rapidly. As of Q3 2025, the outstanding financing in the sector reached Rp90.99 trillion, representing a 22.16% year-on-year growth. The non-performing loan ratio remained manageable at 2.82%.

BI's Vision for AI-Powered Credit Scoring

BI's Deputy Governor, Juda Agung, explained that the credit scoring system would be powered by artificial intelligence (AI) technology, which can process digital footprints from QRIS transactions. This includes analyzing income, expenses, savings, and customer data to create alternative credit scores, particularly beneficial for micro and small enterprises (UMKM). Agung likened AI to a 'smart assistant' that understands user needs, highlighting its potential to expand financial inclusion.