OJK Pushes Banks to Switch to Digital Services

5 August 2022 18:27 WIB

Logo of the Financial Services Authority or OJK. wikipedia.org

TEMPO.CO, JakartaThe Financial Services Authority (OJK) urged banks to switch from conventional to digital financial services. The Chief Executive of OJK Banking Supervision, Dian Ediana Rae, said digital transformation in the banking sector is a necessity.

“It is imperative for banks to digitize all aspects, including core-banking activities in the front-office, middle-office, and back-office functions, as well as changing the transaction process from analog channels to digital channels,” said Dian on Thursday, August 5, 2022.

OJK viewed the demand for digital acceleration in the banking sector as the beginning of the future. Moreover, the COVID-19 pandemic has prompted changes in various aspects of people's social and economic life in carrying out their activities.

Dian argued that this revolutionary development of technology and finance has increased public interest in experiencing digital experiences in every interaction with banking. Dynamic changes in the business environment also have an impact on digitalization, which increasingly pushes banks to be more customer-oriented.

“The demand for innovation and flexibility in presenting products and services that are tailored to the characteristics and the needs of customers is a must,” Dian emphasized.

BISNIS.COM 

Click here to get the latest news updates from Tempo on Google News 



BCA to Close Its Mobile App as of September

6 jam lalu

BCA to Close Its Mobile App as of September

Private lender Bank Central Asia or BCA announced that its mobile application Info BCA will stop operating as of September 1, 2022.


Regional Governments Still Have Rp212tn in Banks: Sri Mulyani

1 hari lalu

Regional Governments Still Have Rp212tn in Banks: Sri Mulyani

Finance Minister Sri Mulyani Indrawati said that local governments still have Rp212.4 trillion in banks.


OJK Encourages Stronger GCG Practice to Fast-track Economic Recovery

28 hari lalu

OJK Encourages Stronger GCG Practice to Fast-track Economic Recovery

OJK encourages the reinforcement of good corporate governance or GCG to fast-track economic recovery.


OJK Preps Policies on Insurance Marketing via Insurtech

56 hari lalu

OJK Preps Policies on Insurance Marketing via Insurtech

The Financial Services Authority (OJK) is preparing regulations on the marketing of insurance products through digital platforms or insurtech.


OJK Says Economy Strengthening as Bank Loans Grow 9%

31 Mei 2022

OJK Says Economy Strengthening as Bank Loans Grow 9%

The Financial Services Authority's Board of Commissioners meeting (RDK) in May 2022 noted that stability in the financial sector.


Minister: Foreign Investors Show Interest in Indonesia's 5G Network

25 Mei 2022

Minister: Foreign Investors Show Interest in Indonesia's 5G Network

Minister Johnny G. Plate says a number of foreign companies expressed interest in developing 4G and 5G networks in Indonesia.


Y20 is a Momentum for Young Leaders in NTB to Learn, Says Governor

24 April 2022

Y20 is a Momentum for Young Leaders in NTB to Learn, Says Governor

Governor of West Nusa Tenggara (NTB) Zulkieflimansyah said the Y20 Pre- summit was a momentum for young leaders in NTB to learn


Mexico to Operate Digital Currency in 2025

22 April 2022

Mexico to Operate Digital Currency in 2025

The Central Bank of Mexico or Banxico announces plans for a digital currency two years ago.


Erick Thohir Appoints Fajrin Rasyid to Compile Digital Transformation Roadmap

17 April 2022

Erick Thohir Appoints Fajrin Rasyid to Compile Digital Transformation Roadmap

Minister Erick Thohir tasked Chairman of the Indonesian Digital Forum (Fordigi), Fajrin Rasyid, with compiling a digital transformation roadmap.


VP Ma'ruf Amin: West Sumatra Must Hold More Events to Attract Tourists

13 April 2022

VP Ma'ruf Amin: West Sumatra Must Hold More Events to Attract Tourists

Vice President Ma'ruf Amin assessed that West Sumatra needed to increase the number of interesting events and massive publications to attract tourists