Accurate and quick information is crucial in today’s increasingly digital environment. Many industries, including the banking industry, realise the value of utilising population data collected by the Dukcapil Directorate General. The Office of Justice and Accountability (OJK) and the Directorate General of Population and Civil Registry (DGPR) are working together to strengthen the public’s access to, confidence in, and protection of population data.
To better regulate and monitor the financial sector, the Financial Services Authority (OJK) and the Directorate General of Population and Civil Registration (Ditjen Dukcapil) have signed a new Cooperation Agreement (PKS). Agus Edy Siregar, Deputy Commissioner for Financial System Stability, and Teguh Setyabudi, Director General of Population and Civil Registration, signed an agreement to make it easier for OJK to use population identification numbers, population data, and electronic identity cards in the course of their work.
Synchronisation, verification, and validation of debtor information service applicant data on the IDEBKU application are just a few of how this collaboration will improve the Financial Services Sector. The SLIK OJK Debtor Information Service (IDEBKU) is a publicly available web-based programme.
Additionally, the parties to the agreement will check the information provided by applicants for the licencing service for business players in the financial services industry in the System for the Provision of Information Related to Licencing and Registration (SPRINT). SPRINT is an application that allows financial service business actors to apply for licences in a centralised location. This application is related to licencing of financial service business actors.
The relationship will also include verifying data on prospective suppliers of goods and services in the Procurement Information System (SIPROJEK) of the Financial Services Authority. SIPROJEK is a procurement information system used to manage the supply of goods and services.
OJK reaffirmed its commitment to guaranteeing that the use of population data is carried out in conformity with existing rules and regulations, particularly in protecting personal data. This pledge was made because OJK has emphasised its commitment to ensuring population data use.
The regulatory agency has committed to continuing to strengthen the collaboration it has with the Directorate General of Population and Civil Registry to maximise the utilisation of population data, as well as to increase the effectiveness and efficiency with which it carries out its regulatory and supervisory responsibilities about the Financial Services Sector, consumer protection, and services to the public.
OJK has worked with the government before to improve Indonesia’s banking system. In 2019, the OJK and the Ministry of Home Affairs signed a memorandum of understanding to work together on several fronts.
The collaboration has expanded the Financial Services Authority’s mandate to include the use of National Identity Numbers, Population Data, and Electronic Identity Cards and bolstering financial education, inclusion, and consumer protection via the Role Optimisation Regional Financial Access Acceleration Team. A significant step towards better financial services in Indonesia has been taken by signing a collaboration agreement between OJK and the Directorate General of Population and Civil Registration.
On the other hand, increased digital financial inclusion and awareness, especially among MSMEs (Micro, Small, and Medium Enterprises), is another priority for the Financial Services Authority (OJK). The aid is expected to encourage MSMEs to contribute to the ASEAN region’s national economy and financial security.
One such programme, Credit Against Moneylenders, has been successfully implemented in 78 locations, benefiting approximately 1 million borrowers and raising more than IDR 26 trillion in funds. OJK maintains its backing for initiatives that facilitate the provision of such low-cost, no-hassle finance for MSMEs.
