Denpasar, Dec. 1 -- The Financial Services Authority (OJK) has updated its artificial intelligence (AI) code of ethics guidelines to mitigate risks in the financial technology industry.

"We see that recent developments require a swift response to adjust and refine the existing guidelines," OJK official, Hasan Fawzi, said during the Organization for Economic Cooperation and Development (OECD) Asia forum on Digital Finance 2025 in Denpasar, Bali, on Monday.

He explained that the new guidelines cover several aspects, including the adoption and anticipation of the latest AI technology developments, particularly generative AI, which require adjustments.

Furthermore, they strengthen the basic principles of the AI code of ethics, particularly...