PT Bank Negara Indonesia Tbk (BNI) plans utilize blockchain technology to support of Treasury and international business. The company will employ PT Adamobile Solutions Networks to develop it.
BNI currently has 6 branch offices abroad to serve the trade finance and remittance. But unfortunately his Ministry are still using old technology.
"As the lead bank in the field of trade and remittance imagine BNI had 6 representatives of arguably this hasn't been digitally connected. BNI uses the concept of technology TPC, this is old technology, a lot of the manual
With such technology, the Ministry of trade finance and remittance BNI is still manual. The verification process for BNI branch offices abroad must submit the documents to the Central Office in advance.
"But is actually the process of checking we same day only took 2 hours. But the problem Setup process documents, such as want to export it takes days. Should prepare the documents export to document insurance
But with the technology blockchain, the process of sharing data between institutions can be done. So that the verification process will be faster.
"With this technology are all entered data sharing and finally sharing value. More efficient, paperless we don't have to verify this blockchain because all of the incoming data. When preparing all documents for export can 3-4 day and in his bank one day, later it could be faster so just 1 day.
Blockchain technology is a technology which uses the concept of distributed ledger that allows distributed data at any point connected inside with efficient and accountable. So all parties including members of blockchain can perform Exchange of data in real time.
In addition to more efficient for its customers, the use of blockchain technology alone is believed to be able to make the company more efficient. Because with digital processes, BNI can receive the remittance and trade finance clients without having to add branches.
"To build the trade finance that we wake up there are about 100-200 people to do the process of checking, because it is still paper-based. If the use of this technology could develop business BNI up to 6 countries without adding 600 more people, so it was replaced with IT, these people get into marketing
Until April 2018, the volume of trade finance BNI US $15 billion, growing 23% from the same period in the previous year. While remittance business volume reached Rp 61.79 trillion, growing 18.8%.
The greatest contribution of the remittance business BNI still from Malaysia about 40%. While the business of trade finance most of the United States and China.
This year BNI business fee for remittance target of Rp 183 billion grew 18% of earnings in 2017. While the trade finance business is expected to earn a fee of Rp 2 trillion, up compared to Rp 1.7 trillion in 2017.