There are currently more than 283 types of API Corporates used by more than four thousand ministry and institutional partners of state-owned enterprises and multinational companies.
Jakarta (ANTARA) - State-owned PT Bank Negara Indonesia (BNI) has announced three innovations to strengthen its transactional banking business to allow customers to conduct financial transactions more efficiently and thereby increase productivity.

"We are optimistic on the transactional banking services and its solutions, especially those designed for corporate institutions, can contribute optimally to BNI's total fee-based income by 2021 end," BNI institutional relations director Sis Apik Wijayanto said here on Thursday.

The three innovations include online bank guarantees that provide customers the opportunity to submit bank guarantees while monitoring the process through the BNIDirect platform until the transaction is completed, he expounded.

The second innovation offers financing solutions through the financial supply chain management platform to make it easier for customers to make supply chain transactions with vendors and suppliers, he said.

The third innovation — the open banking solution in the form of Application Programming Interface or API Corporates — can integrate customer system applications with BNI transactional services, he added.

Wijayanto said users of transactional banking services grew 16.4 percent (yoy) during the pandemic from 58.6 thousand users in June 2020 to 68.2 thousand users in June 2021.

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The trend of fee-based income from transactional banking business until the first half of 2021 reached 37.9 percent (yoy), with the volume of rupiah equivalent transactions increasing by 11 percent, making the average current account balance swell by 8.6 percent, he informed.

"We believe that income trends from transactional businesses continue to increase solidly along with market conditions that are improving by positive economic growth and ecosystems," he observed.

He said he hoped that the transactional banking services business can multiply BNI's fee-based income by 2021 end, adding that BNI is also continuing to modernize its transactional infrastructure by building an integrated platform, the BNIDirect Cash Management System.

The integrated platform offers features including Bank Online Guarantee, FSCM Platform, BNI Trade Online, Virtual Account and integrated digital solutions through API Corporates, he noted.

"There are currently more than 283 types of API Corporates used by more than four thousand ministry and institutional partners of state-owned enterprises and multinational companies," he added.

Related news: BNI updates digital service ecosystem information on Harpelnas



Translator: Astrid H, Kenzu T
Editor: Suharto
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