( September 28, 2026, 04:51 GMT | Official Statement) -- MLex Summary: Indonesia's Financial Services Authority, or OJK, said digital financial innovations tested in its regulatory sandbox should be validated for security before wider deployment, as growing use of digital financial services increases the need for stronger risk controls. OJK digital-finance supervision chief Adi Budiarso said Saturday that consumer protection, cybersecurity and good governance should be embedded in digital financial services to maintain public trust. The regulator said its sandbox assesses innovations before wider use, including their security and benefits for consumers, and pledged continued enforcement against illegal practices.Statement follows (in Indonesian)....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.