PENGUATAN REGULASI: UPAYA PERCEPATAN TRANSFORMASI DIGITAL PERBANKAN DI ERA EKONOMI DIGITAL

Abstract

The digital era encourages national banks to transform into Digital Banks.This transformation gave birth to banks that are more efficient, innovative, and able to create financial inclusion and provide broad access for MSME business actors. Digital banks are faced with challenges including large investments; rapid product and service innovation; the presence of alternative financial services by non-bank companies (Fintech); and potential misuse and security of customer data. Therefore, it is necessary to strengthen regulations in several aspects so that the digital transformation of banking can achieve to create banking that is resilient, competitive and contributive. In addition to the implementation of the prudential banking principle, regulations that need to be strengthened are governance and risk management at Digital Banks which differ in characteristics from traditional banks.