Digital banks will soon become a reality for Indonesians. Chief Executive of Banking Supervision of Indonesia s Financial Services Authority (in Indonesian: Otoritas Jasa Keuangan, or OJK) Heru Kristiyana recently confirmed that this supervisory agency is currently drafting regulations for the establishment of digital banks in Indonesia. According to Kristiyana, the OJK will open opportunities for the establishment of digital banks in the following (three) ways: · In the form of a (business) unit of an existing conventional bank, · In the form of a conventional bank that is converted into a digital bank, · A bank that is established as a digital bank since its inception.