Indonesia Financial Services Authority and Monetary Authority of Singapore sign MOU strengthening collaboration in FinTech and digital financial assets
27 November 2025
On 10 November 2025, Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan (“OJK”)) and the Monetary Authority of Singapore (“MAS”) renewed their commitment to deepening collaboration in FinTech and strengthening financial cooperation by signing a Memorandum of Understanding (“MOU”) on Cooperation in Financial Technology. The signing of the MOU took place on the sidelines of a bilateral meeting on 10 November 2025 and builds on a previous MOU signed in 2018.
The MOU expands existing cooperation to support the continued growth of technological innovation in the financial sector. This partnership will help financial institutions and FinTech firms in both countries harness opportunities arising from FinTech developments, which include digital financial assets and AI in financial services, and promote both countries as key nodes and contribute to the growth of ASEAN’s digital economy.
Specific initiatives under the renewed MOU include:
- sharing of knowledge and best practices between MAS and OJK;
- promoting cooperation between the relevant financial industries in both countries, including the active engagement of industry bodies;
- referring promising FinTech firms to participate in each other’s regulatory sandboxes; and
- facilitating the flow of information across borders when FinTech firms conduct business within their licensed scope of activities, in accordance with applicable laws and regulations.
Reference materials
The joint OJK and MAS press release on this development is available on the authorities’ respective websites www.ojk.go.id by clicking here and www.mas.gov.sg by clicking here.