Indonesia's Financial Services Authority (OJK) has launched the Integrated Licensing and Registration System (SPRINT) as a one-stop licensing service, migrating workflows from the Integrated Financial Services Information System (SIJINGGA) to speed up and streamline licensing across parts of the financial services sector. The migration takes effect on 1 September 2025 and covers licensing and registration services for insurance, guarantees and pension funds (PPDP) and for financing institutions, venture capital and other financial services institutions (PVML). The transition is positioned as part of a wider operating model and governance overhaul, including simplifying business processes from 1,554 to 389 activities across PPDP, PVML and financial sector technology innovation, digital financial assets and crypto assets (IAKD). Key features include digital signatures linked to BSSN, QR codes that can be validated via OJK’s official channels, applicant support through a SPRINT chatbot and SPRINT Corner, a centralised database to avoid repeated data entry, multi-user functionality for cross-sector groups (including listed companies and SIPELAKU access), transparent tracking with notifications at key stages, and expanded data collaboration with ministries and agencies to reduce input errors. OJK also linked the new setup to meeting internal and external Service Level Agreement (SLA) standards for licensing timeliness. OJK said SPRINT will support delegation of licensing authority to regional OJK offices to improve responsiveness nationwide. Banking and capital markets, as well as derivatives and the carbon exchange (PMDK), were already integrated into SPRINT, and OJK expects microfinance institution (LKM) licensing services to be integrated in early 2026.

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