It is reported that Indonesia’s Financial Services Authority (OJK) has updated its AI code of ethics to address emerging risks in the financial technology industry. Hasan Fawzi, Chief Executive of Financial Sector Technology Innovation, Digital Financial Assets and Crypto Assets at OJK, announced the update during the OECD Asia Forum on Digital Finance 2025 in Bali. The revised guidelines cover multiple areas, including the adoption and anticipation of the latest AI developments, particularly generative AI, which require adjustments to existing practices. They also strengthen the core principles of the AI code of ethics, focusing on consumer protection, model and data reliability, financial inclusion, data protection and cyber resilience. The text of the revised guidelines has yet to be released to the public.
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