Enhancing Indonesia's Banking Sector through Digital Transformation and Artificial Intelligence: Lessons from Global Best Practices

• Information

  Enhancing Indonesia's Banking Sector through Digital Transformation and Artificial Intelligence: Lessons from Global Best Practices - Information

  Matched Team	Team 81
  Name	Silvi Fitri Ayu	Country	Indonesia
  Scholarship	GAS	Email Address	silvifitri@kdis.ac.kr
  Year	2016	Program	MPP
  Workplace Category	Government	Workplace	The House of Representatives of the Republic of Indonesia
  Department	Commission II (Home Affairs, Regional Autonomy, Administrative Reforms and Agrarian Affairs)	Position	Expert Staff/Special Advisor

• Brief intro of project

  Enhancing Indonesia's Banking Sector through Digital Transformation and Artificial Intelligence: Lessons from Global Best Practices - Brief intro of project

  Title	Enhancing Indonesia's Banking Sector through Digital Transformation and Artificial Intelligence: Lessons from Global Best Practices
  Sustainable Development Goals	9. Industry, Innovation and Infrastructure
  Timely Global Issues	2. Comparative Policy Analysis
  Sub-topic that describes project	Finance
  Summary of your project	This project aims to accelerate the digital transformation of Indonesia's banking sector by leveraging Artificial Intelligence (AI) technology and learning from successful digital banking systems in other countries, such as South Korea. The project will focus on strengthening technological infrastructure, enhancing cybersecurity, developing digital talent, and improving digital financial literacy. By studying best practices from countries that have advanced in this area, the project is expected to help Indonesia achieve greater financial inclusion, improve banking operational efficiency, and reduce financial risks through the use of AI.

• Alumni or organization want to cooperate with

  Enhancing Indonesia's Banking Sector through Digital Transformation and Artificial Intelligence: Lessons from Global Best Practices - Alumni or organization want to cooperate with

  Specific alumni in mind	There are no specific alumni in mind, but the project is open to collaboration with alumni who have a background in financial technology, public policy, or AI, especially those with experience in digital transformation in the financial sector.
  Specific nationality of the alumni in mind	The project is open to all nationalities, but priority will be given to alumni from countries that have experience in digital banking transformation and AI adoption
  Specific organization(s) / workplace(s) in mind
  Specific work position(s) in mind

• Details of Cooperation Project

  Enhancing Indonesia's Banking Sector through Digital Transformation and Artificial Intelligence: Lessons from Global Best Practices - Details of Cooperation Project

  Objective of the Project	• Enhance the technological capacity of Indonesia's banking sector through the adoption of AI and other digital technologies. • Learn best practices from countries that have successfully implemented digital banking transformations, such as South Korea, and adapt them to the Indonesian context. • Improve cybersecurity and risk management in digital banking systems. • Develop digital talent in the banking sector through training and education. • Enhance digital financial literacy among the Indonesian population to support financial inclusion.
  Expected Benefits from the Project	• Increased operational efficiency in the banking sector through automation and the use of AI. • Reduced financial risks through stronger cybersecurity systems and better risk management. • Improved financial inclusion by expanding access to digital banking services. • Enhanced competitiveness of Indonesia's banking sector on a global scale. • Cross-country learning that can enrich banking policies and practices in Indonesia.
  Anything you would like to inform the potential partner	• This project will involve collaboration with various key stakeholders, including the Financial Services Authority (OJK) and Parliament in Indonesia. We also hope to engage other institutions, such as central banks, financial technology companies, academic institutions, and international organizations, to join and support this initiative. Their expertise and resources will be crucial in ensuring the success of the project. • We are open to sharing knowledge and experiences from countries that have successfully implemented digital banking and AI systems. • The project will also consider ethical and security aspects of AI usage, as well as its impact on Indonesian society and the economy.