Indonesia’s Financial Services Authority (OJK) embraces AI-powered suptech to strengthen supervision in emerging markets
By Lowy Institute
OJK is advancing its AI-driven suptech strategy, aiming to enhance oversight across the financial sector, particularly in multifinance, where 70% of assets are tied to vehicle financing. Through its phased rollout of OSIDA, a data analytics platform launched in 2022, OJK has already applied suptech to banking and capital markets, and is now targeting non-bank lenders.
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