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Jakarta Post

BCA embraces digital app growth

  • The Jakarta Post

Jakarta   /   Tue, April 26 2016   /  09:04 am

Bank Central Asia (BCA), the nation’s largest private lender, is looking to expand its financial technology by investing up to US$30 million in digital banking development this year to improve ease of doing banking transactions.

In search of talent and ideas to do so, the publicly listed company organized the 2016 Finhacks mobile app contest for apps developers or practitioners of information technology (IT) to create an online payment system, known as an e-wallet, within 24 hours with access to BCA’s system.

“We are looking for innovations that can make carrying out bank transactions easier, so in the future, people do not have to visit the ATM hundreds of times in a month only to check their account balance,” BCA president director Jahja Setiaatmadja said Sunday at the closing ceremony of the Finhacks contest.

Aside from a payment system, BCA also plans to ...