{
    "success": true,
    "data": {
        "id": 1757070,
        "msgid": "lps-chief-technological-development-must-not-outpace-literacy-1779542244",
        "date": "2026-05-22 12:24:15",
        "title": "LPS Chief: Technological Development Must Not Outpace Literacy",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Regulation",
        "summary": "Anggito Abimanyu, head of Indonesia's LPS, used the Jogjakarta Financial Festival to warn that technology should not outpace financial literacy and ethics. He highlighted youth investment growth alongside risks from online lending and scams, urging widespread financial education to avert speculation and fraud. Indonesia's large productive-age demographic could be a strength if literacy keeps pace with digital finance.",
        "content": "<p>The Chairperson of the Board of Commissioners of the Deposit\nInsurance Corporation (LPS), Anggito Abimanyu, opened the Jogjakarta\nFinancial Festival at the Jogja Expo Centre (JEC) on Friday 21 May 2026.\nHe emphasised that financial education must not be exclusive and should\nbe delivered on a mass scale.<\/p>\n<p>Moreover, according to Anggito, there is currently a worrying\nphenomenon where young people are opening investment accounts but are\nnot yet able to draw up a financial plan. Meanwhile, the public is\nincreasingly active in digital transactions, but many accounts remain\ndormant.<\/p>\n<p>In addition, many people are still falling prey to online lending and\nonline gambling that are heavily technology-driven.<\/p>\n<p>\u201cWe must not allow technology to grow faster than the ethics of\nliteracy and financial responsibility towards the nation. However, we\nmust remain optimistic,\u201d Anggito said.<\/p>\n<p>He also reminded that technological development is also fuelling a\nrise in financial crime, and fraudulent investments that exploit low\npublic understanding are increasing. Anggito stressed that this is where\ncomprehensive literacy is important, especially given the large\nproductive-age population.<\/p>\n<p>\u201cIndonesia has 190 million people of productive age. This is the\nlargest demographic dividend in the history of the Republic of\nIndonesia. Indonesia\u2019s youth are the most digital, most connected and\nmost creative generation we have ever had,\u201d he said.<\/p>\n<p>Anggito emphasised that the younger generation should not only be\nconsumers of financial technology but should become productive\ninvestors, new entrepreneurs, and even creators of innovation.<\/p>\n<p>\u201cRetail investment growth in Indonesia has continued to rise year on\nyear with a growing dominance of the young, university students and\npupils. This is a positive signal. But optimism without literacy can\nturn into speculation,\u201d he said.<\/p>\n<p>(rah\/rah). Add as a preferred source on Google [Gambas:Video\nCNBC]<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/lps-chief-technological-development-must-not-outpace-literacy-1779542244",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}