Indonesia’s Financial Services Authority (OJK) has introduced a Digital Resilience Guide aimed at bolstering the resilience of Indonesia’s banking industry in the digital age.
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 of Banking Supervision, Dian Ediana Rae, announced the guide’s launch during an event in Jakarta, where leaders from banking associations and industries also discussed the role of artificial intelligence (AI) in the sector.
Dian highlighted that while digitalisation offers significant efficiency benefits, it also introduces challenges and risks that must be mitigated to ensure banking stability.
“This requires a resilient banking system because it can affect the continuity of bank operations and businesses. In such conditions, a digital resilience framework becomes crucial to implement,”
Dian emphasized.
The 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 minimise the impact of cyber incidents on operations, reputation, and finances.
The guide complements existing OJK policies, including the Banking Digital Transformation Blueprint and various regulations on IT implementation, cyber resilience, and digital maturity assessments for commercial banks.
Following the guide’s launch, experts from technology firms and commercial banks participated in discussions on AI governance, exploring how AI can be leveraged in banking while managing associated risks.
OJK also announced plans to introduce specific AI-related guidelines for the banking sector, aligning with international regulatory trends.
Featured image credit: Edited from Freepik
