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Opinion 9 months ago
PREMIUM
Analysis: Fraud cases at BPDs set major setback for the banking industry
A series of corruption and fraud cases have been uncovered at several regional development banks (BPDs), including Bank Jabar dan Banten (BJB), Bank DKI Jakarta, Bank Jatim and Bank Jateng. These cases involve practices such as side streaming, fictitious debtors, hidden debtors and document forgery, resulting in losses amounting to trillions of rupiah. The revelations have raised serious concerns about weak corporate governance in the BPD sector.
Academia 1 year ago
PREMIUM
Is bullion banking Indonesia’s golden opportunity?
The recent launch of Indonesia's first bullion bank, within the framework of a 2023 financial development law and an OJK regulation, marks a significant step forward in the country's potential entry to the global gold market, as well as greater wealth and economic self-sufficiency.
Companies 1 year ago
AI to replace 4,000 jobs at DBS, Southeast Asia's largest bank
"Over the next three years, we envisage that AI could reduce the need to renew about 4,000 temporary/contract staff across our 19 markets working on specific projects," a spokesperson from the Singapore bank told AFP on Tuesday, confirming earlier reports.
Academia 1 year ago
PREMIUM
Bank secrecy in the age of transparency: How much is too much?
Ensuring legal certainty and fairness by harmonizing the new OJK rule on bank secrecy and the PDP Law, along with clear and appropriate oversight by the Data Protection Agency, will be key to effective transparency and legal safeguards against potential risks.
