The Financial Services Authority (OJK), Bank Indonesia (BI), and the Coordinating Ministry for Economic Affairs are joining forces to accelerate Indonesia’s digital economic and financial transformation. This effort supports the government’s Asta Cita vision for economic independence and competitiveness.

At the opening of the Festival Ekonomi Keuangan Digital Indonesia (FEKDI) and Indonesia Fintech Summit & Expo (IFSE) 2025, Chairman of OJK, Mahendra Siregar, emphasized that digital transformation goes beyond adopting technology. It focuses on innovation to broaden access, improve service efficiency, and strengthen public trust.

“OJK is committed to maintaining a secure, adaptive, and inclusive digital financial ecosystem, not only to drive growth but also to ensure that this transformation provides real benefits for all layers of society,” Mahendra added.

FEKDI x IFSE 2025 Showcases Synergy and Innovation

The Jakarta Convention Center hosted the event under the theme “Synergy and Innovation for Accelerating Indonesia’s Digital Economic and Financial Transformation.” It demonstrated collaboration between the government, regulators, and industry to promote an inclusive digital economy.

Governor of Bank Indonesia, Perry Warjiyo, highlighted the importance of cooperation across ministries, institutions, and industry players to accelerate digital economic and financial transformation.

“FEKDI and IFSE 2025 are tangible examples of national synergy. Collaboration among the government, BI, and OJK is key to promoting inclusive and efficient digitalization aligned with Asta Cita toward an advanced Indonesia,” Perry said.

OJK Focuses on Trust, Regulation, and Technology-Based Supervision

Mahendra underlined that trust in governance, systems, and consumer protection forms the foundation of digital transformation. Innovation and risk mitigation must move in tandem.

OJK is strengthening oversight using data and technology, including Supervisory Technology (SupTech), cross-sector data integration, and closer collaboration with fiscal and monetary authorities and industry players.

Inclusive Finance and Digital Literacy Support Economic Growth

The government has set ambitious targets for the digital economy, aiming for its contribution to reach 15.5 to 19.6 percent of GDP by 2045, a more than ninefold increase. This strategy is outlined in the Digital Economy National Strategy White Paper 2030, built on six main pillars.

Efforts to widen access to formal financial services are led by the National Council for Financial Inclusion (DNKI), ensuring small communities and micro businesses benefit from Indonesia’s digital ecosystem.

According to the National Survey on Financial Literacy and Inclusion (SNLIK) 2025, financial inclusion reached 92.74 percent, while literacy hit 66.64 percent, showing real progress in expanding public access to digital finance.

Infrastructure development, digital and financial literacy, and public trust are central to national economic transformation, as emphasized by Coordinating Minister for Infrastructure and Regional Development, Agus Harimurti Yudhoyono.

Digitalization Creates New Growth and Investment Opportunities

High-Level Talks at FEKDI x IFSE 2025 explored “Synergy and Policy Collaboration to Support Digitalization as a New Source of Growth.” Key speakers included Minister of Digital Communication Meutya Hafid, OJK’s Executive Head for Financial Sector Technology Innovation and Digital Financial Assets Hasan Fawzi, BI Deputy Governor Filianingsih Hendarta, Deputy for Trade and Digital Economy Ali Murtopo S., and Expert Staff for Social, Economic, and Cultural Affairs R. Wijaya Kusumawardhana.

Meutya praised BI and OJK for organizing the event, stressing that digital progress requires all stakeholders to act together.

“‘Synergy’ and ‘innovation’ guide today’s discussions, essential for accelerating digital economic and financial transformation. Progress can only be achieved if government, regulators, industry, academia, and innovators advance together,” she said.

She highlighted the need for widespread infrastructure, skilled human resources, and secure digital spaces. Komdigi has cooperated with OJK to monitor digital activity and combat cybercrime, having removed over three million illegal cases and reported more than 31 thousand suspicious accounts linked to online gambling.

Hasan Fawzi pointed out that digital transformation opens investment opportunities, improves efficiency, and expands market access, while fostering inclusive financial services. He also noted the importance of aligning digital growth with environmental sustainability.

FEKDI x IFSE 2025, running from October 30 to November 1, 2025, is a collaborative event between OJK, BI, and the Coordinating Ministry for Economic Affairs, supported by ASPI and AFTECH. The three-day program included seminars, talk shows, and an expo featuring the latest innovations from regulators, industry players, MSMEs, and government agencies, aiming to foster collaboration and broaden financial inclusion across Indonesia.

PHOTO: OJK

This article was created with AI assistance.