Regulatory AlertsOJK Circular 24/SEOJK.03/2023 on Digital Maturity Level Assessment for Commercial Banks
The Financial Services Authority (OJK) issued Circular 24/SEOJK.03/2023 to implement IT management regulations by mandating commercial banks to conduct periodic self-assessments of their digital maturity. Banks must evaluate eight key aspects, including IT governance, cybersecurity, and data, using standardized frameworks and submit their first assessment results by June 2024. This requirement applies to all conventional and Sharia commercial banks to monitor digital transformation progress and infrastructure reliability.
Share