Privy Has Been Recognized As The Official Digital Signature Partner For National Fintech Month 2024

Privy is strengthening its position as a leading digital trust service in Indonesia by being named the Official Digital Signature Partner for National Fintech Month (BFN) 2024. Privy will offer secure and efficient electronic signature solutions during BFN 2024, which will take place in Jakarta.

BFN 2024 is an annual event organized by the Financial Services Authority (OJK) in collaboration with the Indonesian Fintech Association (AFTECH), the Indonesian Sharia Fintech Association (AFSI), and the Indonesian Peer-to-Peer Lending Association (AFPI). The event will run from November 11 to December 12, 2024, culminating in The 6th Indonesia Fintech Summit & Expo (IFSE) on November 12-13, 2024, with over 3,500 visitors and 56 exhibitors expected.

Privy's role as the Official Digital Signature Partner for IFSE and BFN 2024 is welcomed, especially as it aligns with this year's BFN theme, "Technology Convergence, Shaping the Future of Finance and Beyond." Privy continues to innovate its digital services for the future.

By participating in IFSE and BFN 2024, Privy shows its commitment to fostering collaboration among industry players in the digital finance sector, aiming to enhance digital financial literacy and inclusion in a safe and trustworthy manner.

During IFSE and BFN 2024, Privy will proudly support various talk shows and interactive discussions, featuring members of the OJK board, including Mahendra Siregar (Chairman of the OJK Board), Hasan Fawzi (Executive Head of Financial Technology Innovation Supervision, Digital Financial Assets, and Crypto Assets at OJK), Friderica Widyasari Dewi (Executive Head of Financial Services Business Conduct Supervision, Education, and Consumer Protection at OJK), and Sophia Wattimena (Chair of the OJK Audit Board).

Mahendra Siregar, the Chairman of the OJK Board of Commissioners, stated that all real sector-based economic ecosystems are increasingly adopting innovative digital technology. This, in turn, leverages the presence and development of fintech, creating a large, integrated ecosystem that manages the entire supply chain within the industry.

According to Mahendra, the oversight, policies, and regulations implemented by OJK are of the highest quality. On one hand, the law emphasizes support for innovation-driven development, digital finance, and technology as the future of Indonesia's financial sector.

On the other hand, Mahendra noted that OJK operates within a regulatory framework, serving as a policymaker that oversees and manages with a focus on effective governance. This includes good governance practices, risk management, and compliance, which are essential for responsible policy-making and comprehensive oversight.

This approach makes fintech development in Indonesia unique compared to other countries. Many other nations, though not all, lack specific regulatory frameworks, with some focusing on technology development and fintech, while others express concerns about governance issues.

"We at OJK are deeply committed to good governance, risk management, and compliance. We aim to create a balanced and stable environment that prioritizes consumer protection and service," Mahendra explained.

He added, "We hope that this year's IFSE will enhance our understanding of the significant and strategic role of fintech in both economic interests and national development, as well as how we manage it."

Tag: AFPI AFTECH National Fintech Month 2024 Official Digital Signature Privy