OJK Officially Launches IAKD 2024-2028 Development And Strengthening Roadmap

Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar. (Photo: Aris Nurjani/VOI)

JAKARTA - The Financial Services Authority (OJK) launched the Roadmap for the Development and Strengthening of Financial Sector Technology Innovation, Digital Financial Assets and Crypto Assets (IAKD) 2024-2028.

The roadmap was created to create a trusted and credible IAKD industry to support the growth of the financial services and national economy sector while continuing to encourage innovation development, maintain financial stability and uphold consumer protection.

In addition, the strategic objective of implementing this Roadmap is to support the growth of the strong, balanced, inclusive, and sustainable IAKD sector.

The joint vision to be achieved is to create an innovative, integrity and sustainable IAKD industry that prioritizes financial inclusion and consumer protection and contributes significantly to national economic growth.

The implementation of this road map is divided into three main phases, namely phase 1 in strengthening the foundations of regulation and supervision which will run from 2024 to 2025.

Furthermore, in phase 2, namely accelerated development and strengthening which will run from 2026 to 2027.

Then for phase 3, namely deepening and sustainable growth which will run from 2027 to 2028, in supporting the growth of the financial sector.

Chief Executive of the Financial Sector Technology Innovation Supervision, Digital Financial Assets and OJK Crypto Assets Hasan Fawzi conveyed the development and strengthening that will be carried out by the Financial Sector Technology Innovation (ITSK), Digital Financial Assets and Crypto Assets (IAKD) in the next five years which will focus on 4 pillars.

To achieve this goal, the OJK has compiled four main pillars that will serve as guidelines in implementing strategies and work plans during the 2024-2028 period, namely regulation and development, supervision and law enforcement, licensing and information, and innovation.

"We have formulated the implementation of these four pillars in at least nine strategic programs and action plans that will be carried out in three phases that will be mutually sustainable and within 2024-2028," he said at the launch of the 2024-2028 IAKD Development and Strengthening Roadmap, Friday, 9 August.

In carrying out work plans from 2024 to 2028, efforts to achieve vision and carry out these missions must go hand in hand with the development of several main supporters, including the transformation and development of institutional capacity, development and strengthening of infrastructure and business processes and synergy and institutional cooperation.

This roadmap is expected to be a guide for the development of the IAKD industry to be able to provide wider benefits not only for the financial services sector, but also to support the national economy and support the deepening of the financial services industry market and provide wider financial access to business actors and the community.

On the same occasion, Chairman of the OJK Board of Commissioners Mahendra Siregar said that this launch was his stronger commitment to the future in Strengthening Financial Sector Technology Innovation, Digital Financial Assets and Crypto Assets.

"We certainly convey a stronger commitment to the future. For the implementation of digital transformation, especially in the financial sector, which we hope will provide more benefits, benefits, and important contributions to national development," he explained.

Mahendra conveyed that the Roadmap for the Development and Strengthening of Financial Sector Technology Innovation, Digital Financial Assets and Crypto Assets also aims to increase financial inclusion for all Indonesian people.

"We hope that we can carry out this strong commitment together in a synergistic and collaborative manner for all stakeholders," he explained.