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InfoTech
ANTARA/Martha Herlinawati Simanjuntak/am
National Fintech Month 2024 Focus: Revamping Tech In The Industry
Thursday, 07 Nov 2024
The Financial Services Authority (OJK), along with the Indonesian Fintech Association (Aftech), the Indonesian Sharia Fintech Association (AFSI), and the Indonesian Funding Fintech Association (AFPI), is gearing up to host National Fintech Month (BFN) 2024 and the 6th Indonesia Fintech Summit and Expo (IFSE) 2024. Djoko Kurnijanto, who heads the IAKD Regulation and Licensing Department at OJK, shared that BFN 2024 is scheduled from November 11 to December 12, 2024, with the main event, IFSE, happening on November 12-13, 2024.
"The theme is Technology Convergence, Shaping the Future of Finance and Beyond. This is a global issue tied to technology, which plays a role in every part of our lives, especially in finance. That’s why we picked this theme," Djoko mentioned during a press conference at the OJK office on Monday, November 4, 2024. He also pointed out that regulators and fintech firms from around the world have been invited to the IFSE, where discussions will focus on the challenges the fintech sector is facing.
He highlighted that the fintech landscape is changing quickly with fresh innovations. The financial tech sector is now touching almost every corner of financial services. "This is a convergence across the financial industry, whether it’s banking, insurance, capital markets, P2P lending, or other areas, all leveraging technology. This tech will shape the future of finance," he stressed.
One of the main challenges he pointed out is the sustainability of fintech companies, which ties back to how they manage their corporate governance and capital. The next challenge is about human resources; Djoko mentioned that it’s all about the talent of the people working in the fintech space. The third challenge he highlighted is the need for partnerships and collaboration. He stressed that the fintech ecosystem should keep growing to cover every part of financial transactions.
Lastly, there’s the challenge of building a solid regulatory framework. This is super important since the industry is always evolving with new innovations that often pop up before the rules are even in place, he wrapped up.
