The Indonesian Financial Services Authority (OJK) has introduced a new roadmap for the development and enhancement of technological innovation in the financial sector, digital financial assets and crypto assets for the period 2024-2028.
The roadmap, titled “Welcoming the Future of Digital Finance: Laying the Foundation for Effective and Balanced Supervision”, was launched at the OJK Digital Finance Innovation Day (OJK Digination) 2024 in Jakarta.
The event was led by OJK Commission Chairman Mahendra Siregar and attended by key OJK officials including OJK IAKD Supervisory Board CEO Hasan Fauzi and Financial Institutions Supervisory Board CEO Agusman.
The Roadmap outlines strategic objectives to foster a strong, inclusive and sustainable IAKD sector, focusing on four key pillars: regulation and development, oversight and enforcement, licensing, and information and innovation.
The implementation of these goals will be structured around nine strategic programmes covering areas such as regulatory framework, digital innovation centres, standardisation, pilot projects, digital financial literacy and strategic partnerships.
OJK officials stressed the importance of collaboration with government agencies, industry players and the broader community to ensure the roadmap’s success.
Regular monitoring and evaluation will be carried out to track progress and make necessary adjustments.
The launch of the roadmap coincides with the first anniversary of the establishment of Indonesia’s IAKD Supervision Unit, which plays a pivotal role in supporting innovation and digital transformation efforts in Indonesia’s financial sector.
“The presence of OJK’s new IAKD field can be transformed into a platform that will bring great benefits to the Indonesian people.”
Mahendra Silegar says:
Hasan Fauzi added:
“We will organise the implementation of these four pillars into nine strategic programmes and action plans, which we plan to implement in three interconnected phases between 2024 and 2028.”
