OJK publishes AI guidance for Indonesian banks

Source: OJK. OJK's Artificial Intelligence Governance for Indonesian Banks is designed to ensure responsible AI development and implementation at Indonesian banks.

The Indonesia Financial Services Authority (OJK) has launched Artificial Intelligence Governance for Indonesian Banks to ensure responsible AI development and implementation at Indonesian banks.

Artificial Intelligence Governance for Indonesian Banks complements existing OJK guidance, including Blueprint of Banking Digital Transformation, POJK 11/POJK.03/2022 on Information Technology Implementation by Commercial Banks, SEOJK 29/SEOJK.03/2022 on Cyber Defense and Security for Commercial Banks, SEOJK 24/SEOJK.03/2023 on Assessment of Commercial Bank Digital Maturity Rate, and Guideline to Digital Resilience.

OJK expects Artificial Intelligence Governance for Indonesian Banks to become the baseline benchmark for the banking sector in developing and implementing AI systems.