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Press Release

Utilizing Blockchain Technology, BNI Improves Trade Finance dan Remittance Businesses

Utilizing Blockchain Technology, BNI Improves Trade Finance dan Remittance Businesses

Jakarta, 11 May 2018 --- PT Bank Negara Indonesia (Persero) Tbk or BNI utilizes blockchain technology to improve banking business performance for trade finance and remittance products. Currently, BNI is the first bank in Indonesia that will apply blockchain technology.

BNI’s seriousness in utilizing blockchaintechnology is marked by the signing of Memorandum of Understanding (MoU) between the Treasury and International Director, Rizal Budidarmo and the Chief Executive Officer (CEO) PT Adamobile Solutions Networks, Adam Suhermanin Jakarta, Friday, (11 May 2018). Also present to witness the signing was the Ambassador of the Republic of Indonesia for China, DjauhariOratmangun, and the Information Technology and Operation Director of BNI DadangSetiabudi.

Rico Rizal Budidarmosaid,blockchain technology is a technology uses distributed ledger concept which allows data distributed to each point connected inside efficiently and accountable, so that all parties which include blockchain members can exchange date in real time. Blockchaintechnology is one of the proper solutions that can be applied in banking industry.

"The use of blockchainin trade finance transaction can provide easiness in the form of document access and validation that can be done in  real time through an integrated system among its members. While for remittance transaction, among them is for real time and sage data exchange as the data has been encrypted to all of the blockchain members. It is expected that this blockchain technology can improve transaction and revenue of BNI significantly, particularly trade finance and remittance transactions as well as can be a banking solution amidst the digital era competition," said Rico.

In 2017, the trade business volume of BNI was in the amount of USD 40 billion or growth 25% compared than the previous year, while the business volume of BNI was in the amount of USD 74 billion or increased 10% compared to the previous year.

By that achievement, BNI is committed to continue on developing banking products towards  digital by collaborating with fintech companies to provide transaction solution and facility for all BNI customers. PT Adamobile Solutions Networks is one of financial technology (fintech) companies specializes in blockchain technology.

 

For more information, please contact:

Kiryanto

Corporate Secretary BNI

Phone    : 021-5728387

Email : bni@bni.co.id

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