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Academia 1 year ago
PREMIUM
Payment ID and the future of banking trust
Payment ID is set to become a truly groundbreaking trailblazer in Indonesia's financial digital transformation, so long as its transparency and accountability is adequately and comprehensively supported via governance as well as the necessary technical and social infrastructure.
Opinion 1 year 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.
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