WNAM REPORT: The government is preparing a roadmap to serve as the legal foundation for developing artificial intelligence (AI), semiconductors, and technology ecosystems that support financial product innovation in Indonesia.
Coordinating Minister for Economic Affairs Airlangga Hartarto stated in Jakarta on Thursday that the AI roadmap is designed to enhance digital financial services through automation, intelligent analytics, fraud detection, and alternative credit scoring, enabling broader financial inclusion.
“We are also formulating a roadmap for the semiconductor ecosystem and emerging technologies as a legal basis to drive innovation in financial products such as digital wallets, asset tokenization, and smart contracts,” Hartarto said.
He explained that the government’s support for financial technology innovation is driven by the tangible benefits experienced by the public from digital financial services.
For instance, the use of the Quick Response Code Indonesian Standard (QRIS) has expanded to include small-scale businesses, reaching 56 million users nationwide—around 93 percent of whom are micro, small, and medium enterprises (MSMEs).
“This shows that digitalization has grown organically from within the community,” he noted.
However, he continued, this significant opportunity presents challenges related to payment system security. Furthermore, public digital literacy and trust are also challenges that the government must address to ensure the sustainable growth of digital financial innovation.
The government has previously issued a White Paper on the National Digital Economy Strategy, outlining six main pillars to guide long-term digital development. In addition, the National Council for Financial Inclusion (DNKI) was launched to expand access to formal financial services in remote regions.
Moving forward, alongside the AI and new technology roadmaps, the government will also promote the development of domestic data centers to ensure that strategic data related to public services and digital transactions remain within Indonesia.
“This is to guarantee data sovereignty while ensuring responsible data sharing with other countries and companies,” Hartarto concluded.
