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BLS Legal News and Views I: "A Legal Review of Accelerating National Financial Through Digital Banking: The Risk of Authorized Pushed Payment Fraud in The Open Banking System"
Greetings, Business Law Enthusiasts!
Banking and Finance Division BLS FH UI 2026 proudly presents:
BLS Legal News and Views I:
"A Legal Review of Accelerating National Financial Inclusion Through Digital Banking: The Risk of Authorized Pushed Payment Fraud in The Open Banking System"
Indonesia's digital finance boom is fueling the rapid rise of Open Banking, letting banks and third-party providers securely exchange data via APIs to close the national financing gap and boost financial inclusion for over 91.3 million unbanked Indonesians, through tools like Alternative Credit Scoring (ACS). But greater connectivity comes with new risks. Chief among them: Authorized Push Payment (APP) fraud, where scammers use sophisticated social engineering to trick victims into authorizing their own transfers, often leaving them with little to no legal recourse or reimbursement under current rules.
In this edition of BLS Legal News and Views, we break down Indonesia's fragmented open banking framework under Bank Indonesia and the OJK (think SNAP and POJK No. 21/2023), and why a consolidated, mandatory structure with clear liability rules is urgently needed, drawing on lessons from global leaders like the EU (PSD2/PSD3/PSR) and the UK (PSRs/CMA Order).
Written by: I Gusti Agung Gede Tritisan Niyasa, Ghaisan Tsaqif Atqiya, Jonathan Awendela Piter Simarmata, and Ate Mahadipa as Staff of Banking and Finance Division BLS FH UI 2026
Edited by: Nurul Akhsani Sulistyawati, S.H., MBA
Click the link below: blsfhui.com/LNV1BAFIN2026
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