The Financial Services Authority of Indonesia (OJK) continues to strengthen financial sector stability amid digital disruption and shifts in the global geopolitical landscape.

“It is most important that we view these changes not only in terms of threats, challenges, or potential disruption, but also as significant opportunities we can leverage to the fullest with the capabilities of our nation,” said OJK Chairman Mahendra Siregar at the opening of the 3rd OJK International Research Forum 2025 on Monday (6/10).

Mahendra stated that OJK is working to optimize opportunities presented by technological advancements while preparing to manage associated risks through appropriate regulations and ethical oversight in supervising the financial services industry.

“The keyword is digital resilience — balancing extraordinary opportunities with our ability to mitigate, control, and regulate them,” said Mahendra.

AI Growth Spurs Labor Shifts and Digital Policy Development

The two-day forum featured speakers from both domestic and international financial and research institutions. On the second day, OJK Vice Chairman Mirza Adityaswara highlighted the impact of artificial intelligence on global labor markets.

According to the World Economic Forum, demand for Big Data Specialists, FinTech Engineers, and AI and Machine Learning Specialists is projected to rise by more than 80 percent over the next five years.

“This change opens significant opportunities for the workforce to transition into the digital sector, provided there is support through effective reskilling and upskilling strategies. By building an adaptive talent ecosystem, the shift to a digital economy can be fair and produce relevant, competitive workers,” said Mirza.

He also noted that OJK is formulating governance policies for artificial intelligence in the banking sector to anticipate rapid digital transformation.

AI is also being implemented internally at OJK through the development of OSIDA (OJK SupTech Integrated Data Analytics), an integrated analytics platform designed to strengthen data-driven supervisory functions.

Research Forum Showcases Global Dialogue and Young Talent

The event drew over 350 in-person participants and more than 2,000 online attendees. It featured speakers from academia, industry, and regulatory institutions worldwide.

Alongside discussions on AI and financial ecosystem stability, the forum included presentations from three finalists of the Karisma 2025 Scientific Writing Competition, selected from nearly 300 entries submitted by universities and research institutions across Indonesia.

Winners of Karisma 2025:

• 1st Place: Ripples from the White House – Unmasking Global Stock Shocks and Indonesia's Fragile Exposure by Eunizoe Lael Octauno and Cakasana Hanun Atmaka
• 2nd Place: From Space to Policy: Leveraging Remote Sensing and Generative AI to Unlock Village-Level Insights for Green Finance and Carbon Market Integration in Indonesia by Salwa Rizqina, Natasya Afira, and Arie Wahyu
• 3rd Place: Revisiting the Effect of Lending Rate on Credit Volume and Monetary Transmission through the Credit Channel by Erin Glory Pavayosa, Mohammad Alvin Prabowosunu, and Afif Narawangsa

Eight selected papers will be published in OJK’s International Journal of Financial Systems (IJFS).

OJK Highlights Research-Based Policy for National Goals

In his closing remarks, OJK Chief Executive for Supervision of Financing Institutions and Other Financial Services, Agusman, expressed appreciation to all forum participants.

“We believe that everything we are doing is for the good of this nation, and that research is the basis for policy-making, including at OJK. With that, we are confident that Indonesia Emas 2045, God willing, can be achieved,” said Agusman.

PHOTO: OJK

This article was created with AI assistance.