You can see the rules and regulations in other jurisdictions.
Financial services providers in the banking, capital market and non-bank financial institution sectors are all eligible to onboard clients through digital means, pursuant to OJK Reg 12. The rules and guidelines for such onboarding, however, may differ depending on the specific regulation governing each type of financial services activity. For instance, banks can only offer digital onboarding after receiving approval from the OJK for their digital banking services; any third parties providing electronic verification of prospective customers must also have acquired OJK authorisation.1
Artificial intelligence in financial products
