IDEAS home Printed from https://ideas.repec.org/a/idn/jclijn/v4y2025i1ep113-140.html
   My bibliography  Save this article

Advancing Futuristic Digital Banking: Strategic Enhancement And A Roadmap For Excellence

Author

Listed:
  • Kristianus Jimy Pratama

    (Digital Legal and Regulatory Department, PT Bank Mandiri (Persero) Tbk)

Abstract

This research aims to rectify misconceptions surrounding banking digitalisation and conduct an in-depth analysis of Bank Indonesia and the Financial Services Authority’s (OJK) policies concerning developing and enhancing the banking sector’s digitalisation. Additionally, this study is designed to formulate a strategic roadmap for developing banking sector digitalisation, accompanied by risk mitigation processes. The fundamental misconception identified herein pertains to the limited understanding of banking digitalisation as merely transitioning from conventional to digital services. This narrow perspective, still embraced by regulatory authorities, adversely impacts national banking industry stakeholders. Employing a normative legal research methodology through an extensive literature review, our findings reveal a prevailing tendency towards structural collaboration in policy formulation rather than embracing synergistic approaches. This research underscores the urgency of formulating visionary and flexible policies in banking digitalisation. Based on the findings, this study seeks to build the framework for policy formulation by regulation authorities in conducting further studies regarding the direction of policies for developing and strengthening banking sector digitalisation.

Suggested Citation

  • Kristianus Jimy Pratama, 2025. "Advancing Futuristic Digital Banking: Strategic Enhancement And A Roadmap For Excellence," Journal of Central Banking Law and Institutions, Bank Indonesia, vol. 4(1), pages 113-140, January.
    • Handle: RePEc:idn:jclijn:v:4:y:2025:i:1e:p:113-140
    DOI: https://doi.org/10.21098/jcli.v4i1.267
    as

    Download full text from publisher

    File URL: https://jcli-bi.org/index.php/jcli/article/view/267/75
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.21098/jcli.v4i1.267?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idn:jclijn:v:4:y:2025:i:1e:p:113-140. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sudiro Pambudi or R. Dwi Tjahja Kusumo Wardhono (email available below). General contact details of provider: https://edirc.repec.org/data/bigovid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.