In 2019, Indonesia’s Financial Services Authority reintroduced Credit Information Management Agencies, in Indonesian, Lembaga Pengelola Informasi Perkreditan (the Agencies). These Agencies collect and process credit data and other related data from financial institutions, that is useful for describing customers’ behavior patterns and their ability to fulfill financial obligations in order to provide credit information. In late March 2022, the Financial Services Authority introduced new Regulations* that require the Agencies to expand the scope of the data that they collect, including credit data, financing data, and other related data that they gather from financial and nonfinancial institutions to provide more varied and comprehensive credit information.

*OJK Regulation No. 5/POJK.03/2022 on Credit Information Management Agencies