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Indonesia's financial regulator issues AI governance guide for banks

( April 30, 2025, 02:42 GMT | Official Statement) -- MLex Summary: Indonesia’s Financial Services Authority, or OJK, has launched a comprehensive AI governance framework for banks, outlining principles and practices for the responsible development and use of AI across its entire lifecycle. The guidelines encourage AI adoption to drive digital transformation, while requiring banks to embed ethical standards, risk management, human oversight and compliance with applicable laws and regulations. The framework serves as a baseline reference and aligns with global norms such as the EU AI Act and OECD guidelines, while incorporating Indonesia’s own national values. The guidelines, in Indonesian and English, are attached. ...

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