ADVANCING FUTURISTIC DIGITAL BANKING: STRATEGIC ENHANCEMENT AND A ROADMAP FOR EXCELLENCE
This research aims to rectify misconceptions surrounding banking digitalisation and conduct an in-depth analysis of Bank Indonesia and the Financial Services Authority’s (OJK) policies concerning developing and enhancing the banking sector’s digitalisation. Additionally, this study is designed to fo...
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| Format: | Article |
| Language: | English |
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Bank Indonesia
2025-01-01
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| Series: | Journal of Central Banking Law and Institutions |
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| Online Access: | https://jcli-bi.org/index.php/jcli/article/view/267 |
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| _version_ | 1850124854729113600 |
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| author | Kristianus Jimy Pratama |
| author_facet | Kristianus Jimy Pratama |
| author_sort | Kristianus Jimy Pratama |
| collection | DOAJ |
| description | This research aims to rectify misconceptions surrounding banking digitalisation and conduct an in-depth analysis of Bank Indonesia and the Financial Services Authority’s (OJK) policies concerning developing and enhancing the banking sector’s digitalisation. Additionally, this study is designed to formulate a strategic roadmap for developing banking sector digitalisation, accompanied by risk mitigation processes. The fundamental misconception identified herein pertains to the limited understanding of banking digitalisation as merely transitioning from conventional to digital services. This narrow perspective, still embraced by regulatory authorities, adversely impacts national banking industry stakeholders. Employing a normative legal research methodology through an extensive literature review, our findings reveal a prevailing tendency towards structural collaboration in policy formulation rather than embracing synergistic approaches. This research underscores the urgency of formulating visionary and flexible policies in banking digitalisation. Based on the findings, this study seeks to build the framework for policy formulation by regulation authorities in conducting further studies regarding the direction of policies for developing and strengthening banking sector digitalisation. |
| format | Article |
| id | doaj-art-b1055b86b6b448b9b2893c628fe9becd |
| institution | OA Journals |
| issn | 2827-7775 2809-9885 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Bank Indonesia |
| record_format | Article |
| series | Journal of Central Banking Law and Institutions |
| spelling | doaj-art-b1055b86b6b448b9b2893c628fe9becd2025-08-20T02:34:13ZengBank IndonesiaJournal of Central Banking Law and Institutions2827-77752809-98852025-01-014111314010.21098/jcli.v4i1.267267ADVANCING FUTURISTIC DIGITAL BANKING: STRATEGIC ENHANCEMENT AND A ROADMAP FOR EXCELLENCEKristianus Jimy Pratama0Digital Legal & Regulatory Department, PT Bank Mandiri (Persero) TbkThis research aims to rectify misconceptions surrounding banking digitalisation and conduct an in-depth analysis of Bank Indonesia and the Financial Services Authority’s (OJK) policies concerning developing and enhancing the banking sector’s digitalisation. Additionally, this study is designed to formulate a strategic roadmap for developing banking sector digitalisation, accompanied by risk mitigation processes. The fundamental misconception identified herein pertains to the limited understanding of banking digitalisation as merely transitioning from conventional to digital services. This narrow perspective, still embraced by regulatory authorities, adversely impacts national banking industry stakeholders. Employing a normative legal research methodology through an extensive literature review, our findings reveal a prevailing tendency towards structural collaboration in policy formulation rather than embracing synergistic approaches. This research underscores the urgency of formulating visionary and flexible policies in banking digitalisation. Based on the findings, this study seeks to build the framework for policy formulation by regulation authorities in conducting further studies regarding the direction of policies for developing and strengthening banking sector digitalisation.https://jcli-bi.org/index.php/jcli/article/view/267bank indonesiabanking digitalizationfinancial services authority |
| spellingShingle | Kristianus Jimy Pratama ADVANCING FUTURISTIC DIGITAL BANKING: STRATEGIC ENHANCEMENT AND A ROADMAP FOR EXCELLENCE Journal of Central Banking Law and Institutions bank indonesia banking digitalization financial services authority |
| title | ADVANCING FUTURISTIC DIGITAL BANKING: STRATEGIC ENHANCEMENT AND A ROADMAP FOR EXCELLENCE |
| title_full | ADVANCING FUTURISTIC DIGITAL BANKING: STRATEGIC ENHANCEMENT AND A ROADMAP FOR EXCELLENCE |
| title_fullStr | ADVANCING FUTURISTIC DIGITAL BANKING: STRATEGIC ENHANCEMENT AND A ROADMAP FOR EXCELLENCE |
| title_full_unstemmed | ADVANCING FUTURISTIC DIGITAL BANKING: STRATEGIC ENHANCEMENT AND A ROADMAP FOR EXCELLENCE |
| title_short | ADVANCING FUTURISTIC DIGITAL BANKING: STRATEGIC ENHANCEMENT AND A ROADMAP FOR EXCELLENCE |
| title_sort | advancing futuristic digital banking strategic enhancement and a roadmap for excellence |
| topic | bank indonesia banking digitalization financial services authority |
| url | https://jcli-bi.org/index.php/jcli/article/view/267 |
| work_keys_str_mv | AT kristianusjimypratama advancingfuturisticdigitalbankingstrategicenhancementandaroadmapforexcellence |