PT Setia Consulting Group was founded on the combination of two areas of expertise — information technology and law — to address the increasingly complex needs of modern business: corporate transactions, regulatory compliance, and digital system resilience.
The name Setia (meaning "loyal" or "faithful") is drawn from a value shared across two generations of our founding family — reflected in the names Erwin Setiabudi Machfudz and Iwan Setiawan. More than a family identity, "Setia" represents the core value we uphold in every engagement: integrity, commitment, and long-term trust.
Founded on the combination of two disciplines — information technology and law — PT Setia Consulting Group exists to bridge the increasingly complex needs of modern business: merger & acquisition transactions that demand legal precision, licensing processes that demand regulatory compliance, and digital system security that forms the foundation of business in the technology era.
We believe that faithfulness to principle and commitment to outcomes are the foundation of every successful partnership. This is our promise to every client: steadfast support, the right solutions, and unwavering integrity.
To become a trusted strategic advisory partner for companies in Indonesia in corporate transactions, regulatory compliance, and information system security.
Backed by decades of institutional experience and hands-on practice in Indonesia's payment systems industry and technology law.
IRCA ISMS Lead Auditor (ISO 27001) — Informatics, Institut Teknologi Bandung
A Payment Services practitioner with over 15 years of experience in Payment Gateway, QRIS, E-Money, and Remittance — including 17 years at PT Finnet Indonesia (most recently as Vice President of Infrastructure) and Chief Technology Officer at Bumi Bestari Technology. A certified IRCA ISMS Lead Auditor (ISO 27001), he leads our IT Audit & VAPT service line and information security assessment methodology.
Ph.D. University of Wollongong · LL.M. Monash University · LL.B. Universitas Gadjah Mada
30 years with Bank Indonesia (1995–2025, most recently as Deputy Director/Executive Analyst), designing Indonesia's payment system policies and regulations — BI-FAST, cards, e-money, cheques/bilyet giro, through to the ITE Law and the Fund Transfer Law. He holds a Ph.D. from the University of Wollongong (consumer protection law & electronic transaction fraud liability) and an LL.M. from Monash University (internet & electronic law). He is also an active lecturer in technology & payment systems law at Swiss German University and Universitas Prasetiya Mulya, and a PERADI-licensed Advocate.
