Jakarta, 13 July 2022 – Bank OCBC NISP in collaboration with DailySocial.id conduct OCBC NISP Hack@ON competition event with the theme #GakPerluRibet Let's Bank Differently. The Hack@ON program is a technology-based innovation event, which aims to generate a hassle free new banking experiences and invite the nation's technology talents who have high ambitions and a strong desire to be able to ignite their original and best ideas in advancing financial inclusion to make a better Indonesia.
According to data from the Ministry of Communication and Information Technology, the pandemic has pushed Indonesians to migrate their physical activities into the digital space. It is proven by the increase in economic growth in the information and communication sector during 2021, namely 8.72%, 6.87%, and 5.51% year-on-year. Undeniably, this migration has an impact on people's lifestyles that are increasingly complex and transforms Indonesian people become digital savvy.
“In line with our vision ‘to be the trusted partner to enrich quality of life', we realize that as a financial institution, we need to be responsive by continuously innovating so banking can be integrated into people's daily lives and everything becomes hassle free (#GakPerluRibet) with the aspiration to a better life, one of which is to be #financiallyfit. In innovation, 'human resources' are the main key driver in developing services that suit the needs of an increasingly diverse and complex society. Amid this open banking era, we see opportunities for service acceleration and innovation. Thus, we invite innovators and the nation's technology talents to jointly take a role to innovate and together make Indonesia #financiallyfit," said Julie Anwar, Head of Human Resources at Bank OCBC NISP.
Currently, the government is promoting Indonesia Emas 2045, a vision to build a developed country that is sovereign, fair, and prosperous. One of the pillars' goals is to promote general welfare by measuring financial health. Hence, financial inclusion and literacy are indispensable. Access to banking must be anywhere and anytime so all Indonesians, especially the young generations have an easy access to this services.
As information, Open Banking is a mechanism for providing open but secure access to customer data using technology in the form of an open Application Programming Interface (API). By using this technology, third parties can access the data they need from customers through available connections, with the consent of the customer. With this concept, the Bank can create a personalized innovative service or application. As a result, the technology can improve customer satisfaction and experience, as they easily access banking services in their daily lives.
For more information, please visit Hackathon.onelabs.co
Overview of Bank OCBC NISP
Bank OCBC NISP was established in Bandung in 1941 under the name Nederlandsch Indische Spaar en Deposito Bank. As of March 31st 2022, Bank OCBC NISP served customers through 205 office networks in 54 cities in Indonesia, equipped with 515 Bank OCBC NISP ATM units accessible at more than 100,000 ATM networks in Indonesia, as well as connected to more than 700 OCBC Group ATM networks in Singapore and Malaysia. Bank OCBC NISP also serves customers through various digital channels, including mobile banking and internet banking – both for individuals and corporations. Bank OCBC NISP is one of the banks with highest credit ratings in Indonesia, namely idAAA (stable) from PT Pemeringkat Efek Indonesia (PEFINDO) and AAA (idn)/stable from PT Fitch Ratings Indonesia.
Event - 30 Nov 2023