LEGAL CONSIDERATIONS FOR THE USE OF TECHNOLOGY IN THE DIGITAL BANKING SECTOR
DOI:
https://doi.org/10.46799/ijssr.v4i9.936Keywords:
Digital banking, digital economy, Financial Services Authority (OJK), technology regulation, bank supervisionAbstract
With the rapid development of the digital economy in Indonesia, the development of digital banking has a great opportunity to grow. The potential to meet customer needs and expectations for faster and more efficient banking services based on digital technology has made the image of digital banks more popular among the public, especially for young people. This study explores the effectiveness and completeness of regulations governing the use of technology in Indonesia's rapidly transforming digital banking sector, which is currently undergoing a transformation process. By evaluating the current regulatory framework, the study provides insights into potential gaps and areas where the regulations may need to be strengthened or updated to ensure the secure and efficient operation of digital bank services. The use of artificial intelligence (AI) in the banking sector contributes to the transformation to digital banking, especially in identifying fraudulent attempts, assisting in the process of surveillance, analysis, and evaluation of transactions, as well as improving the standards of credit scoring, customer service, and automation. This article provides an overview of considerations if Indonesia implements international standard regulations for the security of cyber systems for the smooth running of digitalbank services. This paper emphasizes the need to implement a collaboration-based approach by involving government, industry, academia, and civil society to strengthen global digital resilience and security. The application of DORA principles in Indonesia can help strengthen the digital infrastructure of banks in the country.
References
Amudhan, S., Banerjee, S., & Poornima, J. (2022). Impact of Digital Transformation of Banking Sector in Rural Areas. Journal of Positive School Psychology, 6(2), 763 –771
Ariyaningsih, S., Andrianto, A. A., Kusuma, A. S., & Prastyanti, R. A. (2023). Korelasi Kejahatan Siber dengan Percepatan Digitalisasi di Indonesia. Justisia: Jurnal Ilmu Hukum, 1(1), 1–11.
Arner, D. W., Barberis, J., & Buckley, R. P. (2015). The evolution of Fintech: A new post-crisis paradigm. Geo. J. Int'l L., 47, 1271.
Asfahaliza, Adinda dan Puspitasari Wahyu. (2022). Pengaruh Penerapan Green Banking Terhadap Profitabilitas Perbankan di Indonesia Periode 2016-2021. Jurusan Ilmu Ekonomi, Fakultas Ekonomi dan Bisnis Universitas Brawijaya : CSEEB. Vol. 1 No. 2 . 298-311
Assad, A. Z. (2017). Peran Otoritas Jasa Keuangan Dalam Mengawasi Risiko Pembiayaan dalam Investasi Bodong. Al-Amwal: Journal of Islamic Economic Law, 2(1), 85-95.
Assad, A. Z. (2017). Peran Otoritas Jasa Keuangan Dalam Mengawasi Risiko Pembiayaan dalam Investasi Bodong. Al-Amwal: Journal of Islamic Economic Law, 2(1), 85-95.
Barquin, S., Buntoro, E., Vinayak, H. V., & Pricillia, I. (2021). Emerging markets leap forward in digital banking innovation and adoption. Retrieved February, 16, 2022.
Billiam, B., Abubakar, L., & Handayani, T. (2022). The Urgency of Open Application Programming Interface Standardization in the Implementation of Open Banking to Customer Data Protection for the Advancement of Indonesian Banking. Padjadjaran Jurnal Ilmu Hukum, 9(1), 67–88.
Chernenko, E., Demidov, O., & Lukyanov, F. (2022). Increasing international cooperation in cybersecurity and adapting cyber norms. Council on Foreign Relations.
Davies, R. (2015). Industry 4.0: Digitalisation for Productivity and Growth.
Davis, S., & Neves, N. C. (2021). e-Conomy SEA 2021: Roaring 20s — The SEA Digital Decade. 268
Drath, R., & Horch, A. (2014). Industrie 4.0: Hit or hype?[industry forum]. IEEE industrial electronics magazine, 8(2), 56-58.
Hastri, E. D. (2021). Cyber Espionage Sebagai Ancaman Terhadap Pertahanan dan Keamanan Negara Indonesia. Law & Justice Review Journal, 1(1), 12–25.
Heng, S. (2014). Industry 4.0: upgrading of Germany's industrial capabilities on the horizon. Available at SSRN 2656608.
Heriyadi, H. (2023). Tinjauan Yuridis Peran Dan Fungsi Otoritas Jasa Keuangan (Ojk) Dalam Sistem Keuangan Di Indonesia. Jurnal Hukum Progresif, 11(1), 36-44.
Jubhari, A. R. (2022). Tinjauan Hukum Pidana Internasional Terhadap Serangan Siber Menggunakan Virus Ransomware WannaCry di Indonesia (Doctoral dissertation, Universitas Hasanuddin).
Kagermann, H., Lukas, W. D., & Wahlster, W. (2011). Industrie 4.0: Mit dem Internet der Dinge auf dem Weg zur 4. industriellen Revolution. VDI nachrichten, 13(1), 2-3.
Kemenkeu : Memandang Ekonomi Digital dan Berkelanjutan dari Kacamata Regulator, Perbankan, dan Profesi Keuangan. 28 September 2022. Website
Kholis, N. (2018). Perbankan Dalam Era Baru Digital. Economicus, 12(1), 80-88.
Kholis, N. (2018). Perbankan Dalam Era Baru Digital. Economicus, 12(1), 80-88.
Mahardika, Z. P., & Priancha, A. (2021). Pengaturan Hukum Artifical Intelligence Indonesia Saat Ini. Hukum online. com, 1AD. https://www. hukumonline. com/berita/a/pengaturan-hukum-artifical-intelligenceindonesia-saat-ini-lt608b740fb22b7. Diakses 13 Agustus 2024
Mawarni, R., Fasa, M. I., & Suharto, S. (2021). Optimalisasi Kinerja Digital Banking Bank Syariah di Masa Pandemi Covid-19. Jurnal Manajemen Bisnis (JMB), 34(1), 10-22.
Mikalef, P., & Gupta, M. (2021). Artificial intelligence capability: Conceptualization, measurement calibration, and empirical study on its impact on organizational creativity and firm performance. Information & management, 58(3), 103434.
Muchamad, M. K. (Ed.). (2023). Kejahatan Siber Ancaman dan Permasalahannya: Tinjauan Yuridis pada Upaya Pencegahan dan Pemberantasannya di Indonesia. Syiah Kuala University Press.
Najwa, F. R. (2024). Analisis Hukum Terhadap Tantangan Keamanan Siber: Studi Kasus Penegakan Hukum Siber di Indonesia. AL-BAHTS: Jurnal Ilmu Sosial, Politik, Dah Hukum, 2(1), 8–16.
Natalegawa, Andreyka dan Gregory B. Poling. (2022). The Indo-Pacific Economic Framework & Digital Trade in Southeast Asia. Center for Strategic and International Studies.
Pangestika, E. Q., Suningrat, N., Herwantono, H., Andriyani, W., & Rahardian, R. L. (2024). PENERAPAN PRINSIP HUKUM INTERNASIONAL DALAM PENEGAKAN HUKUM TERHADAP KEJAHATAN SIBER DAN SERANGAN SIBER. Jurnal Review Pendidikan dan Pengajaran (JRPP), 7(2), 5782-5788.
Prasetyo, H., & Sutopo, W. (2018). Industri 4.0: Telaah Klasifikasi aspek dan arah perkembangan riset. J@ ti Undip: Jurnal Teknik Industri, 13(1), 17-26.
Pratidina, Ilham. (2017). Keabsahan Perjanjian Melalui Agen Elektronik dalam Sistem Hukum Kontrak di Indonesia. Thesis Universitas Airlangga.
Purba, N., Yahya, M., & Nurbaiti, N. (2021). Revolusi industri 4.0: Peran teknologi dalam eksistensi penguasaan bisnis dan implementasinya. Jurnal Perilaku Dan Strategi Bisnis, 9(2), 91-98.
Reynaldi, F., & Tifana, N. (2020). Urgensi Perlindungan Data Pribadi dalam Menjamin Hak Privasi: Sebuah Telaah RUU Perlindungan Data Pribadi. Universitas Padjajaran Press.
Ririh, Kirana, Nur Laili, dkk. Studi Komparasi dan Analisis SWOT Pada Implementasi Kecerdasan Buatan (Artificial Intelligence) di Indonesia. 2020. Jurnal Teknik Industri : JATI Undip. Vol. 15, No. 2, Mei 2020. 122-133
Samsuri. (2022). STRATEGI KEUNGGULAN BERSAING MELALUI DIGITALISASI LAYANAN PRODUK PADA BANK SYARIAH INDONESIA KCP ROGOJAMPI. RIBHUNA : Jurnal Keuangan dan Perbankan Syariah. 40-53
Tobing, G. J., Abubakar, L., & Handayani, T. (2021). Analisis Peraturan Penggunaan QRIS Sebagai Kanal Pembayaran Pada Praktik UMKM Dalam Rangka Mendorong Perkembangan Ekonomi Digital. Acta Comitas : Jurnal Hukum Kenotariatan, 6(3), 491 – 509.
Winasis, S., Riyanto, S., & Ariyanto, E. (2020). Digital transformation in the indonesian banking industry: Impact on employee engagement. International Journal of Innovation, Creativity and Change, 12(4), 528-543.
Ibrahim, J. E. D. J. (2021). Metode Penelitian Hukum Normatif & Empiris. Jakarta : Kencana
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Fatika Redita Suryadarma
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International. that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
