Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Former Head of Information System & Technology, on the future of Fintech and Indonesia’s Finance Ministry plans

Former Head of Information System & Technology

OpenGov spoke to Sri Hartati, Former Head of Information System & Technology, Ministry of Finance, Indonesia, about the Ministry’s plans to standardise their IT system across departments and to embrace fintech in upcoming years.

Before we got to future plans, Mrs. Sri Hartati briefed us on the history of IT within the Ministry of Finance and where it stands today. Her department has been working hard to integrate systems throughout the Ministry in order to allow for a complete and organised infrastructure.

“In 1975, MOF started the path towards digital transformation with the establishment of IT office. IT has been growing hence and 2010 marked the kick-off of throughout IT integration,” said Mrs. Sri Hartati.

“Back then, all of the separate departments had their own IT system and data centre. The Minister pushed the initiative to integrate these systems and allow for a more organised infrastructure across the board.”

Just this past year, Mrs. Sri Hartati and her team have been working to integrate the data within the Ministry and feed it into the Data Warehouse.

 “Starting last year, MOF has integrated the data and developed the Data Warehouse. MOF proceeded by starting development of business process architecture. Once the business process architecture completed, MOF will integrate the system within the Ministry also known as Integrated Finance Management Information System (IFMIS),” Mrs. Sri Hartati told us.

Key IT Milestones for the Ministry of Finance

The Ministry of Finance has big plans set out for itself with some key milestones coming up in the next few years. The key milestones follow the digital transformation initiative, which commenced in 2014. Mrs. Sri Hartati shared the key milestones that have been starting from 2015 and will be continuing to 2025 as follows:

1.    Complete centralisation of standard applications;

2.    Develop e-corporate services;

3.    Improve revenue and expenditure systems;

4.    Implement common risk engine;

5.    Implement enterprise IT security; and

6.    Implement Disaster Recovery Plan.

                 

 “The digital transformation plans began in 2014. This year, MOF focuses on the through centralisation of standard applications,” Mrs. Sri Hartati informed us.

“Every unit used to have their own system, infrastructure, and data centre, which were not standardised. The work MOF is doing this year will fix this.”

MOF Work in Providing Online Services

In working towards these key milestones, the Ministry must focus on implementing new online services for citizens.

 “MOF is developing more channels for citizens to pay their taxes and submit the necessary documents. Right now, MOF is working on e-corporate services and the next generation of revenue systems,” Mrs. Sri Hartati stated.

In addition to these developments, the Ministry has concrete plans to improve several budget, financial, and revenue systems.

“MOF is working on implementing and improving budget and financial systems such as SPAN, OM-SPAN, and MPN. MOF is also developing SIDJP and CEISA in order to improve revenue systems,” Mrs. Sri Hartati added.

With mobile penetration rates at an all-time high within Indonesia, these plans are essential to digital transformation within all Government Ministries.

Impact of Fintech on Citizens of Indonesia

Fintech will surely have a lasting impact on Indonesia’s citizens as they will have more avenues to access services provided by financial organisations. The Ministry of Finance plays an important role in this vision as they will drive standards and policies, applicable to public and private sectors.

Mrs. Sri Hartati described the national economic impact that fintech will have on the citizens of Indonesia in the following statement.

“The Ministry of Finance has continued to support the nation’s financial health and economic growth for decades,” Mrs. Sri Hartati stated, “Based on Budget Statements 2016, in recent years, Indonesia’s GDP growth has stabilised at around 6 percent per annum. National revenues in the period of 2010 – 2014 has increased significantly by an average of 11.7 percent per year.” 

As for the transformational change, Mrs. Sri Hartati recognised that the Ministry has overcome several obstacles to get to the place it stands today.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.