OJK: Bank Capability Becomes Consideration for Universal Banking Licence

Jakarta (ANTARA) - The Financial Services Authority (OJK) has stated that a bank’s internal capacity and capability, encompassing human resources (HR), information technology (IT) management, risk management, and corporate governance, serve as considerations in granting licences for universal banking products and activities.

OJK’s Executive Head of Banking Supervision, Dian Ediana Rae, said during a press conference for the March 2026 Monthly Commissioners’ Meeting (RDKB) in Jakarta on Monday that these aspects are considered given the varying conditions of banks in Indonesia.

For information, universal banking is a banking model that enables the provision of integrated financial services, including commercial banking alongside other activities such as capital market operations and additional services.

Dian stated that the regulator will also strengthen its own capacity and capability before implementing universal banking, particularly in IT supervision to face various challenges.

She noted that the increasing integration of financial services will bring implications for heightened risks, especially regarding system security and resilience.

The more interconnected various services within one ecosystem, the greater the potential for cyber attacks and systemic failure risks. Therefore, Dian said, IT risk management, cyber resilience, and customer data protection become crucial.

“In this regard, of course, the approach we will use is balanced between encouraging innovation and certainly maintaining financial system stability,” Dian added.