OJK Supervision of Conventional Banking Activities

Oct 13, 2025 by windailys.com 11 views

Introduction

In today's digital era, conventional banking crime based on information technology is a pressing issue that requires serious attention from regulatory bodies. The Financial Services Authority (OJK) plays a crucial role in handling various forms of crime that occur in the banking sector under its supervision. This study aims to examine how OJK carries out the regulation and supervision function to minimize technology-based crime, in accordance with the provisions in Law Number 21 of 2011 concerning OJK.

Background of the Study

The increasing use of technology in banking has led to a rise in technology-based crimes, such as online banking fraud and cyber attacks. These crimes can result in significant financial losses for consumers and damage to the reputation of banks. The OJK has the authority to regulate and supervise the aspect of caution of banks, including in terms of handling these widespread banking crimes.

Research Objectives

The main focus of this study includes three important issues:

OJK Supervision of Conventional Banking Activities: This study aims to examine the role of OJK in supervising conventional banking activities, including its authority to regulate and oversee the banking sector.
Forms of Conventional Banking Crime Based on Information Technology: This study aims to identify the various forms of technology-based crimes that occur in the banking sector, including online banking fraud and cyber attacks.
Handling Strategies Carried Out by OJK to Overcome the Problem: This study aims to examine the strategies carried out by OJK to minimize technology-based crimes, including educational efforts and legal steps to handle banking criminals.

Methodology

The method used in this study is normative law, which relies on literature studies to collect secondary data. The data includes primary, secondary, and tertiary legal materials related to the issues discussed. The research results are presented descriptively to provide a comprehensive explanation of the analyzed issues.

Data Collection

The data collection process involved a thorough review of relevant laws, regulations, and literature related to the issues discussed. The data was collected from various sources, including government websites, academic journals, and books.

Data Analysis

The data was analyzed using a descriptive approach, which involved a comprehensive explanation of the analyzed issues. The analysis was conducted to identify the various forms of technology-based crimes that occur in the banking sector and the strategies carried out by OJK to minimize these crimes.

Results

The results of this study showed that the regulation and supervision of conventional banking activities is now diverted from Bank Indonesia, Bapepam, and Financial Institutions to OJK. This includes the authority of OJK in overseeing and regulating information-based crimes that may occur in the banking sector.

OJK Supervision of Conventional Banking Activities

The OJK has the authority to regulate and supervise the aspect of caution of banks, including in terms of handling technology-based crimes. The OJK's supervision of conventional banking activities includes:

Regulation of Banking Services: The OJK regulates the provision of banking services, including online banking services.
Supervision of Banking Operations: The OJK supervises the operations of banks, including their use of technology.
Enforcement of Laws and Regulations: The OJK enforces laws and regulations related to banking, including those related to technology-based crimes.

Forms of Conventional Banking Crime Based on Information Technology

The results of this study showed that there are various forms of technology-based crimes that occur in the banking sector, including:

Online Banking Fraud: This involves the use of technology to commit fraud, such as phishing and identity theft.
Cyber Attacks: This involves the use of technology to attack the systems of banks, resulting in financial losses and damage to reputation.
Data Breach: This involves the unauthorized access to sensitive information, such as customer data.

Handling Strategies Carried Out by OJK to Overcome the Problem

The OJK has implemented various strategies to minimize technology-based crimes, including:

Educational Efforts: The OJK has made educational efforts to the public regarding the characteristics of financial services, services, and products available.
Legal Steps: The OJK has taken legal steps to handle banking criminals, including prosecution and punishment.
Prevention: The OJK has emphasized the importance of prevention through better understanding of the risks that may arise from the use of technology-based banking services.

Conclusion

This study emphasizes the importance of the role of OJK in maintaining the security of the financial services sector, especially in facing the challenges of banking technology-based banking crime. With the right arrangement and strict supervision, it is hoped that this kind of crime can be minimized, so that people can be more trusting and comfortable in using banking services. OJK, with the support of related institutions, is expected to continue to adapt to the development of technology and the accompanying risks, for the realization of a healthy and sustainable financial system.

Recommendations

Based on the findings of this study, the following recommendations are made:

Strengthening of OJK's Supervision: The OJK should strengthen its supervision of conventional banking activities, including the regulation of banking services and the supervision of banking operations.
Improvement of Public Awareness: The OJK should continue to make educational efforts to the public regarding the characteristics of financial services, services, and products available.
Enhancement of Legal Framework: The OJK should work with related institutions to enhance the legal framework related to banking, including those related to technology-based crimes.

By implementing these recommendations, it is hoped that the OJK can effectively minimize technology-based crimes and maintain the security of the financial services sector.

Introduction

In our previous article, we discussed the handling of conventional banking technology based on the Financial Services Authority (OJK). In this article, we will provide a Q&A section to further clarify the concepts and provide additional information on the topic.

Q&A

Q1: What is the role of OJK in handling conventional banking technology?

A1: The OJK plays a crucial role in handling conventional banking technology by regulating and supervising the aspect of caution of banks, including in terms of handling technology-based crimes.

Q2: What are the forms of conventional banking crime based on information technology?

A2: The forms of conventional banking crime based on information technology include online banking fraud, cyber attacks, and data breach.

Q3: How does OJK supervise conventional banking activities?

A3: OJK supervises conventional banking activities by regulating banking services, supervising banking operations, and enforcing laws and regulations related to banking.

Q4: What are the strategies carried out by OJK to overcome technology-based crimes?

A4: The strategies carried out by OJK to overcome technology-based crimes include educational efforts, legal steps, and prevention through better understanding of the risks that may arise from the use of technology-based banking services.

Q5: How can consumers protect themselves from technology-based crimes?

A5: Consumers can protect themselves from technology-based crimes by being aware of the risks associated with technology-based banking services, using strong passwords and two-factor authentication, and regularly monitoring their accounts for suspicious activity.

Q6: What is the importance of public awareness in preventing technology-based crimes?

A6: Public awareness is crucial in preventing technology-based crimes as it educates consumers on the risks associated with technology-based banking services and encourages them to take necessary precautions to protect themselves.

Q7: How can OJK continue to adapt to the development of technology and the accompanying risks?

A7: OJK can continue to adapt to the development of technology and the accompanying risks by staying up-to-date with the latest technological advancements, collaborating with other regulatory bodies and industry experts, and implementing new strategies and regulations to address emerging risks.

Q8: What is the impact of technology-based crimes on the financial services sector?

A8: Technology-based crimes can have a significant impact on the financial services sector, including financial losses, damage to reputation, and loss of consumer trust.

Q9: How can OJK balance the need for innovation with the need for regulation and supervision?

A9: OJK can balance the need for innovation with the need for regulation and supervision by implementing a risk-based approach to regulation and supervision, which takes into account the level of risk associated with different types of financial services and products.

Q10: What is the future of banking technology and how will OJK adapt to it?

A10: The future of banking technology is likely to be shaped by emerging technologies such as blockchain, artificial intelligence, and the Internet of Things (IoT). OJK will need to adapt to these changes by implementing new regulations and strategies to address the risks and opportunities associated with these technologies.

Conclusion

In conclusion, the handling of conventional banking technology based on the Financial Services Authority (OJK) is a complex issue that requires a comprehensive approach. By understanding the role of OJK, the forms of conventional banking crime based on information technology, and the strategies carried out by OJK to overcome technology-based crimes, consumers and financial institutions can better protect themselves from these risks.