Indonesia Financial Services Authority (OJK) The Digital Resilience Guide has been introduced to strengthen the resilience of Indonesia’s banking industry in the digital era.
This initiative is part of OJK’s ongoing efforts to guide banks through the digital transformation process outlined in the 2022 Banking Digital Transformation Blueprint.
OJK’s chief executive officer for banking supervision, Dian Ediana Rey, launched the guide at an event in Jakarta where banking associations and industry leaders also discussed the role of artificial intelligence (AI) in the sector.
Dian stressed that while digitalization brings significant efficiency benefits, it also creates challenges and risks that must be mitigated to ensure the stability of banking operations.
“This can impact banking operations and business continuity and hence we need a resilient banking system. In such situations, the implementation of a digital resilience framework becomes critical.”
Deanne emphasized.
Our Digital Resilience Guide outlines strategies for banks to prepare for, respond to and recover from technological disruptions.
It also includes measures to protect consumers and minimize the operational, reputational and financial impact of cyber incidents.
The guide complements the OJK’s existing policies, such as the banking digital transformation blueprint and various regulations on commercial banks’ IT implementation, cyber resilience and digital maturity assessment.
Following the publication of the guide, experts from technology companies and commercial banks joined the discussion on AI governance to consider how to leverage AI in banking while managing the associated risks.
OJK also announced plans to introduce specific AI-related guidelines for the banking sector in line with international regulatory trends.
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