Building OJK-compliant financial infrastructure for Indonesia's digital credit pioneer

Honest Bank is a pioneering Indonesian fintech that introduced the country's first fully digital credit card — designed to provide more inclusive, transparent and accessible credit for underbanked consumers. Licensed and regulated by OJK and Bank Indonesia, Honest operates a mobile-first financial platform built on simplified fees, real-time transaction visibility and a frictionless user experience.

As a regulated fintech under OJK and Bank Indonesia oversight, Honest needed an ERP that could integrate seamlessly with its proprietary core credit card system, produce OJK-compliant financial reports, and maintain accurate historical accounting data going back five years. The stakes were high: inaccurate financial data or non-compliant reporting could expose Honest to regulatory risk, making implementation precision a business-critical requirement.

We implemented Oracle NetSuite with a focus on regulatory compliance, deep system integration and comprehensive historical data management — ensuring Honest's financial infrastructure meets both operational and regulatory standards.

Honest Bank now operates on a fully compliant, integrated financial platform that connects their core credit card system directly to NetSuite's general ledger — eliminating reconciliation risk and ensuring regulatory reporting accuracy.

With five years of historical accounting data migrated and OJK-specific custom reports in place, Honest's finance team has complete confidence in their numbers, freeing them to focus on growing Indonesia's most accessible digital credit product.