The Urgency of Open Application Programming Interface Standardization in the Implementation of Open Banking to Customer Data Protection for the Advancement of Indonesian Banking

Open banking with Application Programming Interface technology (open API) is an initiative that aims to streamline the payment system in Indonesia. API allows banks integrate their systems fintech and e-commerce by disclosing customer transaction data. This study reveal urgency of open standardization Indonesian implementation banking. The employed a normative juridical approach secondary data includes primary, secondary, tertiary legal materials. It also used qualitative analysis method. concludes before establishment National Standard for Payment (SNAP), process sharing among and/or was unstandardized. only based on agreement parties. have different-various standards could affect protection. According Regulation Financial Service Authority Number 12/POJK.03/2018, relationship between administration digital services solely agreements parties not strong enough. OJK indeed presents as supervisory agency. However, will eventually return themselves. In contrast Authority, Members Board Governors, which basis SNAP, provides both service providers users must comply with. SNAP-based APIs still needs readiness personal protection regulations.