The Indonesia Financial Services Authority used a public lecture at the State Polytechnic of Finance STAN to underline that stronger governance and integrity are essential to maintaining financial system stability as the financial services sector undergoes rapid digital transformation. In remarks by OJK Audit Board Chair Sophia Wattimena, the message was that the sector needs governance arrangements that support a resilient and transparent industry and sustain public trust as risks become more varied and complex. The speech framed digitalisation as both an opportunity and a source of higher risk complexity across technology, human resources, business processes and increasingly interconnected digital ecosystems. Sophia highlighted fraud and cyberattacks as among the main integrity challenges in the digital era, arguing that modern governance can no longer be reactive and should instead build resilience to prevent, detect, respond to and recover quickly from threats. She also said effective governance helps protect stakeholders, including customers, investors and consumers, while reinforcing accountability, transparency and compliance. The lecture formed part of OJK's ongoing Governance Roadshow, which is being held across Indonesia to raise understanding of good governance and integrity values, particularly among younger people.
OJK2026-07-08
Indonesia Financial Services Authority calls for stronger governance and integrity to address digital era risks in financial services
The Indonesia Financial Services Authority said in a public lecture that stronger governance and integrity are critical to financial system stability as digital transformation increases risk complexity in the financial services sector. OJK highlighted fraud and cyber threats as key challenges and said firms need proactive, resilience-based governance that can prevent, detect, respond to and recover from threats. The remarks were delivered as part of OJK's ongoing Governance Roadshow.