Indonesia

Indonesia, Korea Set to Implement Local Currency Framework

By Editors | 02/09/2024

14 Indonesian and 7 Korean banks have been appointed to handle transactions between the two countries using local currencies.

Fintech / Regtech

OJK Indonesia Launches Digital Resilience Guide for Banks

By Nithya Subramanian | 26/08/2024

The guide addresses key aspects of business continuity, disruption management, and consumer protection in the evolving digital landscape.

Securities / Derivatives

Indonesia to Establish Money Market CCP by End of Year

By Editors | 19/08/2024

Bank Indonesia and eight banks will invest in and help develop the CCP, which will be housed under IDClear, the CCP for the country’s capital market.

AML / KYC

OJK Indonesia Issues Regulation to Implement Anti-Fraud Strategy

By Manesh Samtani | 17/08/2024

Fraud detection systems must include whistleblowing policies and mechanisms, surprise audits, monitoring, and risk assessments of internal and external parties.

OJK, HKMA Sign MOU to Expand Cooperation in Banking Supervision

By Editors | 16/08/2024

Indonesia’s OJK said it hopes to establish a supervisory college with the HKMA and enhance staff capacities at both regulators.

OJK Indonesia Adds New Entity Types to Credit Score Database

By Nithya Subramanian | 13/08/2024

The OJK said debtor-related information will become more comprehensive with the inclusion of insurers, guarantee companies and P2P lenders.

Crypto / Digital Assets

Indonesia’s OJK Unveils Roadmap for Fintech, Digital Asset Development

By Nithya Subramanian | 12/08/2024

The roadmap aims to enhance regulation, supervision, and industry growth through a phased approach, promoting financial stability and inclusion.

AML / KYC

Indonesia to ‘Soft Launch’ Anti-Scam Centre This Month

By Manesh Samtani | 07/08/2024

In the initial stage, 15 banks will join the anti-scam centre directly, but in due course all banks in Indonesia will be required to participate.

Fintech / Regtech

Bank Indonesia Issues Five-Year Payment System Blueprint

By Editors | 06/08/2024

Bank Indonesia Governor Perry Wariyo said the plan to issue digital rupiah has entered the final stages.