We use Google Analytics to see how people use our website. This helps us improve the website. The data we have is anonymised. Learn More

analytics-trigger

This site uses cookies

We use cookies to give you a better browsing experience, to improve our website by learning more about our visitors and the pages they visit, and to market our programmes and activities to you. Learn more about the cookies we use

Manage cookies

Necessary Cookies

Necessary cookies enable core functionality. The website cannot function properly without these cookies, which can only be disabled by changing your browser preferences. You consent to these cookies if you continue to use this website.

Analytical Cookies

Analytical cookies help us to improve our website by collecting and reporting information on its usage.

Analytical Cookies: on

Indonesian OJK’s new data platforms

On 29 March 2022, the Indonesian Financial Services Authority (OJK) launched the Suptech Integrated Data Analytics (OSIDA), a new application for better monitoring the financial services industry by automating data collection and analysis. OSIDA will detect early warning signals and compliance checks as early indications of governance weaknesses in bank business activities, potential fraud, data manipulation, and non-compliance with regulations. OSIDA’s data analytics functions are AI-based reporting data processing tools.

With OSIDA, data analytics automation that has been mainly descriptive now includes automation in the area of diagnosis, and predictive and prescriptive analytics that can be used for offsite surveillance needs and onsite checks. Furthermore, OSIDA can detect early warning signals and compliance checks that are expected to examine anomalies from early indications of governance weaknesses in bank business activities, potential violations, data manipulation, and non-compliance with provisions.

Categories

Authors
avatar

Cambridge SupTech Lab

Cambridge SupTech Lab

avatar

Jose Miguel Mestanza Hirakata

Cambridge SupTech Lab

avatar

Juliet Ongwae

Cambridge SupTech Lab

avatar

Kalliopi Letsiou

Cambridge SupTech Lab

avatar

Maryeliza Brasa and Samir Kiuhan-Vasquez

Cambridge SupTech Lab

avatar

Matt Grasser

Cambridge SupTech Lab

avatar

Matt Grasser and Kalliopi Letsiou

Cambridge SupTech Lab

avatar

Simone di Castri

Cambridge SupTech Lab

Related blogs