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                SP 29/GKPB/OJK/II/2026

PRESS RELEASE

OJK POLICIES FURTHER STRENGTHEN THE ROLE OF THE FINANCIAL SERVICES SECTOR IN SUPPORTING THE GOVERNMENT'S PRIORITY PROGRAMS

Annual Meeting Of The Financial Services Industry 2026

Jakarta, 5 February 2026 – The Financial Services Authority (OJK) remains committed to safeguarding the resilience of the financial services sector (FSS) to enable it to contribute more optimally to national economic growth.

In 2026, OJK has set three policy priorities: (1) Strengthening the Resilience of the Financial Services Sector; (2) Developing a Contributive Financial Services Sector Ecosystem; and (3) Financial Market Deepening and the Advancement of Sustainable Finance.

This was conveyed by Acting Chairman of the Board of Commissioners of OJK, Friderica Widyasari Dewi, at the 2026 Annual Meeting of the Financial Services Industry (PTIJK) in Jakarta on Thursday.

“Strong economic fundamentals and a solid performance of the financial services sector provide an important foundation for our path forward. We express our appreciation for all of the Government's Priority Programs," said Friderica.

The meeting was attended by the Coordinating Minister for Economic Affairs, the Chair of Commission XI of the House of Representatives, leaders of ministries and government agencies, members of the OJK Board of Commissioners, and leaders of the financial services industry.

Policy Priority I: Strengthening the Resilience of the Financial Services Sector

This priority will be pursued through:

a.    Fulfillment of minimum capital requirements for Financial Services Institutions (FSIs) to foster a competitive and efficient industry structure.

b.    Development of the Islamic finance industry in collaboration with the National Sharia Council (DSN–MUI), including the establishment of the Sharia Finance Development Committee (KPKS) and encouragement of spin-offs for eligible FSIs.

c.    Enhancement of governance and risk management, including the management of increasingly complex and sophisticated cyber risks.

d.    Strengthening supervisory and reporting infrastructure in line with international standards through the development of integrated, technology-based supervision, including the use of Artificial Intelligence (AI), and the preparation of a Supervisory Technology (SupTech) Ecosystem Blueprint.

e.    In collaboration with Self-Regulatory Organizations (SROs), industry players, and stakeholders, OJK is committed to accelerating capital market integrity reforms through the establishment of a Capital Market Integrity Reform Task Force, supported by eight action plans:

1. Increase in free float requirements from 7.5 percent to 15 percent.
2. Disclosure of Ultimate Beneficial Owners (UBO).
3. Expansion of investor type and share ownership disclosures from above 5 percent to above 1 percent.
4. Stock exchange demutualization.
5. Strengthened enforcement and sanctions.
6. Improved issuer governance.
7. Integrated market deepening.
8. Enhanced collaboration and synergy among stakeholders.

f.     Consistent market conduct supervision and enforcement, including efforts to combat financial crimes through the Indonesia Anti-Scam Centre (IASC), in collaboration with ministries, law enforcement agencies, the Task Force for the Eradication of Illegal Financial Activities (Satgas PASTI), and financial services providers.

Policy Priority II: Developing a Contributive Financial Services Sector Ecosystem

This priority includes:

a.    Deregulatory policies to create a more conducive business environment through more accommodative licensing requirements and streamlined licensing processes.

b.    Strengthening access to financing and structured assistance for MSMEs through mandatory business plan preparation.

c.    Proactive support for the Government's Priority Programs, including:

1. Financing for Red and White Village/Subdistrict Cooperatives (KDKMP), with IDR149 trillion disbursed as of December 2025, as initial financing for the development of 80,000 cooperatives nationwide.
2. Financing to support the ecosystem of the Free Nutritious Meals Program (MBG), with IDR1.02 trillion disbursed to 952 Nutrition Fulfillment Service Units (SPPG).
3. Strengthening the national healthcare system through synergies with the Ministry of Health and relevant stakeholders by reinforcing the health insurance ecosystem.
   

d.    Support for downstream industrialization through the development of a bullion ecosystem, with recorded bullion transactions amounting to 16,870 kilograms of gold valued at IDR48 trillion. In addition, gold-based instruments such as gold ETFs and gold tokenization are being developed to accelerate downstream initiatives.

e.    Special regulatory treatment for credit or financing provided to disaster-affected debtors for a period of three years, effective from 10 December 2025.

Policy Priority III: Financial Market Deepening and the Advancement of Sustainable Finance

This priority will be implemented through:

1. Strengthening the role of banks, insurance companies, and pension funds—particularly state-owned entities—as institutional investors.
2. Enhancing financial literacy and inclusion, with a focus on improving the public's financial well-being as the ultimate objective.
3. Support for the Government's commitment to achieving national Net Zero Emissions (NZE), including:

1. The issuance of the Indonesian Sustainable Finance Taxonomy (TKBI) version 3 as a comprehensive version, supported by a Taxonomy Navigator.

1. In January 2026, OJK imposed administrative sanctions, including fines totaling IDR3.625 billion, on three parties and specific remedial measures on two parties.
2. Throughout 2026, OJK imposed administrative fines totaling IDR3.625 billion on three parties and applied specific measures to two parties following capital market case examinations.

1. As part of enforcement and consumer protection efforts, 114 out of 144 insurance and reinsurance companies (79.17 percent) have met the 2026 minimum equity requirements under POJK No. 23 of 2023
2. OJK continues to intensify special supervision, covering six insurance and reinsurance companies and seven pension funds as of 31 December 2025, to support financial recovery in the interests of policyholders.

1. On 20 January 2026, OJK revoked PT Varia Intra Finance's business license, as the company failed to meet the recovery criteria by the end of its special supervision period.
2. Four out of 144 finance companies have yet to meet the minimum equity requirement of IDR100 billion, while seven out of 95 digital lending providers have not met the minimum equity requirement of IDR12.5 billion. All such entities have submitted action plans to OJK, including measures such as capital injections by existing shareholders, the search for strategic investors, and/or merger initiatives.

1. Since the issuance of OJK Regulation No. 3 of 2024 on Financial Technology Innovation (ITSK), OJK has received 305 consultation requests from prospective sandbox participants as of January 2026.
2. OJK has received 27 applications to participate in the regulatory sandbox, of which nine have been approved, including four ITSK providers with Digital Financial Assets and Crypto Assets (AKD-AK) business models currently undergoing testing, and four sandbox participants that have completed testing and been declared “Passed", namely:​​

1. PT Indonesia Blockchain Persada (Blocktogo) – declared “Passed" on 8 August 2025, with a gold tokenization business model under the Gold Indonesia Republic (GIDR) product.
2. PT Sejahtera Bersama Nano – declared “Passed" on 8 October 2025, with a securities tokenization business model under a Fund Management Contract (KPD) scheme.
3. PT Teknologi Gotong Royong (GORO) – declared “Passed" on 5 November 2025, with a property ownership benefit tokenization business model, operating as a digital asset trading platform for GORO tokens.
4. PT Properti Gotong Royong – declared “Passed" on 5 November 2025, acting as the owner and custodian of property assets tokenized through the GORO platform.

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In accordance with OJK Regulation No. 3 of 2024, PT Indonesia Blockchain Persada, PT Sejahtera Bersama Nano, and PT Teknologi Gotong Royong are eligible to register with OJK. Other ITSK providers with identical business models to those that have passed the sandbox are entitled to register directly with OJK without undergoing sandbox testing.

OJK is currently evaluating seven applications for sandbox participation with AKD-AK business models.

2. Licensing of ITSK Providers

1. As of January 2026, 30 ITSK providers are officially registered with OJK, comprising 10 Alternative Credit Scoring Providers (PKA) and 20 Financial Services Aggregation Providers (PAJK). Following the completion of the registration process, registered ITSK providers are required to apply for a business license in accordance with OJK Regulation No. 3 of 2024. New PKA and PAJK applicants may apply directly for a business license.
2. As of January 2026, 27 ITSK business license applications are under OJK evaluation, consisting of 10 PKA and 17 PAJK.

Based on reports as of December 2025, registered ITSK providers have established 1,350 partnerships, an increase of 77.17 percent yoy, with financial services institutions across various sectors, as well as technology service providers and data providers.

In December 2025, PAJK providers recorded approved transactions valued at IDR2.64 trillion, bringing total approved transactions in 2025 to IDR26.76 trillion ytd, with 16.44 million users nationwide.

During the same period, PKA providers processed 26.26 million credit score inquiries in December 2025, bringing the total to 196.98 million ytd in 2025. These developments underscore the significant contribution of ITSK services in enhancing accessibility, inclusion, and the quality of financial services utilization.

Developments in Crypto Asset Activities

As of January 2026, 1,391 crypto assets were approved for trading in Indonesia. OJK has licensed 29 entities within the crypto asset trading ecosystem, comprising one crypto exchange, one clearing and settlement institution, two custodians, and 25 Digital Financial Asset Traders (PAKD).

OJK has also approved eight supporting institutions, consisting of six Payment Service Providers (PSPs) and two Customer Funds Depository Banks (BPDK). In addition, OJK is currently evaluating license and approval applications from prospective providers, including two exchanges, two clearing institutions, two custodians, four CPAKD entities, and one PSP.

The number of crypto asset consumers continued to rise, reaching 20.19 million as of December 2025 (up 3.22 percentfrom November 2025). Total crypto asset transaction value in 2025 amounted to IDR482.23 trillion, while the January 2026 transaction value reached IDR29.24 trillion, reflecting sustained consumer confidence and stable market conditions.

Regulatory Enforcement in the IAKD Sector

In January 2026, OJK imposed administrative sanctions on seven ITSK providers and six AKD-AK providers for violations of prevailing regulations. The sanctions consisted of nine monetary fines totaling IDR71.2 million and 15 written warnings, aimed at strengthening governance, prudence, and regulatory compliance to enhance industry performance and contribution.

Developments in Market Conduct Supervision, Financial Education, and Consumer Protection (PEPK)

From 1 January 2025 to 31 January 2026, OJK conducted 7,130 financial education activities, reaching 10,093,603 participants. The Sikapi Uangmu digital platform, which serves as a dedicated communication channel for public financial education through a minisite and mobile application, published 373 pieces of educational content, reaching 3,782,998 viewers. In addition, the Financial Education Learning Management System (LMSKU) recorded 44,134 users, 31,004 module accesses, and 18,640 certificates of completion.

During the same period, the National Movement for Financial Literacy (GENCARKAN) was implemented through 60,690 programs, reaching 339.3 million participants nationwide. These activities comprised 37,930 in-person financial education sessions and 22,760 digital financial education contents. The GENCARKAN program has been implemented in 505 out of 514 regencies/municipalities, covering 98.24 percent of all regions in Indonesia.

Efforts to enhance financial literacy have been supported by strengthened financial inclusion programs, facilitated by collaboration within the Regional Financial Access Acceleration Team (TPAKD). In coordination with the Ministry of Home Affairs and relevant stakeholders, OJK has successfully facilitated the establishment of TPAKD in all provinces and regencies/municipalities across Indonesia.

Key Literacy and Inclusion Initiatives in January 2026

1. A financial education activity at SMA Taruna Nusantara Magelang on 6 January 2026, themed “Strong Financial Literacy, a Strong Indonesia: SMA Taruna Nusantara Students toward Indonesia's Golden Generation 2045," was attended in person by approximately 900 students and teachers.
2. A TPAKD Capacity Building Program for DKI Jakarta Province on 29 January 2026, attended by OJK, the National Council for Financial Inclusion, Bappenas, and the Ministry of Home Affairs, aimed at aligning policy directions with the TPAKD Roadmap 2026–2030. This included designating the Regional Financial Access Index (IKAD) as a regional performance indicator and aligning local government sub-programs to accelerate strategic initiatives, particularly the development of the Inclusive Finance Ecosystem (EKI) in the Thousand Islands region and the digitalization of priority economic sectors.
3. Socialization and refreshment sessions of the KEJAR Program for commercial banks in Jakarta on 29 January 2026, and virtually for regional development banks (BPDs) and rural banks (BPR/S) on 30 January 2026, covering evaluation of the 2025 implementation, the 2026 implementation plan, experience sharing by KEJAR Award 2025 recipients, as well as coaching and reporting simulations.
4. Virtual dissemination on the submission of Financial Literacy and Inclusion Reports through the Education and Consumer Protection Reporting Information System (SiPEDULI) on 13 January 2026, aimed at improving compliance in the implementation and reporting of financial literacy and inclusion activities.

Market Conduct Supervision and Consumer Protection Enforcement

To ensure compliance by Financial Services Business Actors (PUJK) and strengthen consumer protection, OJK has actively enforced market conduct supervision and consumer protection regulations, including the following measures:

1. In relation to the obligation to submit self-assessment reports for 2024 and 2025, as stipulated under OJK Regulation No. 22 of 2023 on Consumer and Public Protection in the Financial Services Sector, from 1 January 2025 to 31 January 2026, OJK imposed six administrative sanctions in the form of written warnings and 25 administrative fines totaling IDR562.15 million for late submission, non-submission, or continued failure to submit reports. Entities that failed to submit reports remain required to fulfill their reporting obligations.
2. Based on direct and indirect market conduct supervision, during the same period, OJK imposed 19 written warnings and 19 administrative fines totaling IDR3.82 billion for violations of consumer protection provisions related to advertising disclosures, debt collection practices, and insurance claims. To prevent recurrence, OJK also issued orders for specific remedial actions, including the removal of non-compliant advertisements, policy adjustments, and the payment of consumer claims.
3. With respect to reporting obligations for financial literacy and inclusion activities under OJK Regulation No. 22 of 2023, OJK enforced compliance through administrative sanctions for delays and/or non-submission of reports on the realization of literacy and inclusion activities for the Second Semester 2024, literacy and inclusion plans for 2025, and realization reports for First Semester 2025. From 1 January 2025 to 31 January 2026, OJK imposed 111 administrative sanctions, comprising 21 written warnings and 90 fines totaling IDR6.1 billion.

In enforcing consumer protection regulations, OJK issued the following orders and sanctions:

1. 184 written warnings to 149 PUJK, 40 written instructions to 40 PUJK, and 43 monetary fines to 40 PUJK during the period from 1 January 2025 to 31 January 2026.
2. In addition, 179 PUJK provided consumer compensation for 1,071 complaints, with total refunds amounting to IDR84.15 billion, USD 23,253.02, and SGD 27,364.53 during the period from 1 January 2025 to 18 January 2026.

Consumer Services and Illegal Financial Activities

From 1 January 2025 to 19 January 2026, OJK received 573,999 service requests through the Consumer Protection Portal Application (APPK), including 61,869 complaints. Of these complaints, 22,716 related to the banking sector, 24,125 to financial technology, 12,392 to finance companies, 1,755 to insurance companies, and the remainder to capital markets and other non-bank financial sectors.

In efforts to combat illegal financial activities, from 1 January 2025 to 31 January 2026, OJK received 29,828 complaints related to illegal entities, comprising 24,281 complaints concerning illegal online lending and 5,547 complaints related to illegal investment schemes. The total number of illegal entities blocked or shut down during the period is summarized below:

Enforcement through the Illegal Financial Activities Eradication Task Force (Satgas PASTI)

Through Satgas PASTI, from 1 January 2025 to 31 January 2026, OJK:

1. Identified and terminated 2,263 illegal online lending entities and 354 illegal investment offerings across various websites and applications that posed potential harm to the public.
2. Identified contact numbers of illegal online lending debt collectors and submitted 1,706 contact numbers for blocking to the Ministry of Communication and Digital Affairs.
   

In collaboration with Satgas PASTI members, supported by banking and payment system industry associations, OJK established the Indonesia Anti-Scam Centre (IASC), a centralized platform for handling financial transaction fraud. From the commencement of operations until 31 January 2026, IASC received 448,442 reports, involving 756,006 fraud-related accounts, of which 415,385 accounts have been blocked. A total of IDR511.08 billion in victim funds has been secured, with IDR161 billion returned to victims. OJK continues to coordinate with Satgas PASTI members to pursue criminal law enforcement, while IASC will further enhance its capacity to accelerate fraud investigations in the financial sector.

Development and Strengthening of the Islamic Financial Services Sector

In the Islamic finance industry, the Indonesian Sharia Stock Index (ISSI) declined by 3.53 percent year-to-date (ytd), while the Assets Under Management (AUM) of Sharia Mutual Funds increased by 9.12 percent ytd to IDR91.04 trillion. On a year-on-year (yoy) basis, Islamic banking financing grew by 9.58 percent, Islamic insurance contributions contracted by 0.17 percent, and Sharia financing receivables increased by 12.43 percent.

As a follow-up to Article 9 of OJK Regulation No. 11 of 2023, 41 companies have submitted revisions to their Sharia Business Unit Spin-Off Work Plans (RKPUS). Of these, 27 companies plan to spin off their Sharia business units by establishing new entities, while 14 companies intend to transfer their Sharia portfolios to other entities. In 2025, one company completed a Sharia unit spin-off by establishing a new entity, which was officially launched on 26 January 2026. Currently, four Sharia units are in the process of spinning off by establishing new entities, while four companies are transferring their Sharia portfolios to other entities.

Strengthening Governance

OJK continues to strengthen integrity and good governance across the financial services sector through the following measures:

1. The implementation of periodic Risk In Focus reporting to ensure the effectiveness of managing key risks with significant organizational impact, as part of OJK's continuous improvement efforts to deliver optimal public services across all functions.
2. The enhancement of enterprise risk management functions, focusing on identifying key risks, improving mitigation planning and monitoring, and using effective tools and reporting to support strategic decision-making. OJK updates its Risk Profile annually through an integrated and comprehensive risk management framework.
3. Strengthened synergy and collaboration with governance, risk, and compliance (GRC) professional associations, including participation in town hall meetings organized by The Institute of Internal Auditors (IIA) Indonesia, to promote the role of internal auditors in addressing key risks and supporting organizational objectives within the financial services sector.