Data Management 4.0 for Financial Service Authority (FSA): A Case Study in Indonesia

摘要

Financial technology-based institutions have grown tremendously in the last five years. Due to its strong growth, Indonesian Financial Service Authority (FSA) such as OJK, has many difficulties to supervise their operations. Studies show many foreign financial technology-based institutions operate in Indonesia and earn many benefits from Indonesian customers. They may conduct illegal operation and many of them operate beyond the knowledge of OJK as a supervision body. For this reason, the article examines the importance of developing data management service that enables to equip FSA to easily supervise all financial institutions. so that all activities in the financial services sector are where Organized regularly, fairly, transparently, and accountably, Able to realize a financial system that grows in a sustainable and stable manner and Able to protect the interests of consumers and society.