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National Fintech Month 2024 Theme: Updating Industry’s Technology

The Financial Services Authority (OJK), in collaboration with the Indonesian Fintech Association (Aftech), the Indonesian Sharia Fintech Association (AFSI), and the Indonesian Funding Fintech Association (AFPI), is set to host the National Fintech Month (BFN) 2024 and the 6th Indonesia Fintech Summit and Expo (IFSE) 2024. Djoko Kurnijanto, Head of the IAKD Regulation and Licensing Department at OJK, announced that BFN 2024 will take place from November 11 to December 12, 2024, with the IFSE serving as the highlight event on November 12-13, 2024.

"The theme is Technology Convergence, Shaping the Future of Finance and Beyond. This is a global issue related to technology, which is utilized in every aspect of life, particularly in finance. This is why we have chosen this topic," Djoko stated during a press conference at the OJK office on Monday, November 4, 2024. He mentioned that regulators and fintech companies from various countries have also been invited to the IFSE, where the forum will address the challenges faced by the fintech industry.

He noted that the fintech industry is rapidly evolving with new innovations. The financial technology sector has now reached nearly all areas of financial business. "This is a convergence of the financial sector, whether it be banking, insurance, capital markets, P2P lending, or other financial sectors, all of which utilize technology. This technology will define the future of finance," he emphasized.

The first challenge he referred to is the sustainability of fintech businesses, which is closely linked to corporate governance and capital management. The second challenge pertains to human resources, as Djoko noted that it involves the talents of individuals operating within the fintech sector. The third challenge, according to Djoko, relates to partnerships and collaboration. He emphasized that the fintech business ecosystem must be continuously expanded to encompass all aspects of financial transactions.

The fourth challenge is the creation of an adequate regulatory environment. This is crucial because the industry is inherently tied to ongoing innovations, which often emerge before corresponding regulations are established, he concluded.

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Tag: AFSI Aftech National Fintech Month 2024 OJK