Bank OCBC NISP Supports Digital Startups in Open Banking Through the Hack@ON Event

Information and communication technology today has a great influence in all aspects of people's lives. According to the Central Statistics Agency (BPS), Indonesia's information and communication sector growth still experienced a significant increase in the first quarter of 2022, which was 7,14% (yoy). This fact cannot be denied that it has an impact on people's lifestyles which are increasingly complex and technologically literate or what is often referred to as digitally savvy.

The development of technology system integration has made Indonesian people more open to the digital economic system.Start with open banking (open banking), Indonesia's digital economy technology has such rapid growth.

open banking enables the public to easily access digital banking products using technology smartphone and the internet. People can also have better control over their financial well-being. In addition, this digital economy system is able to accelerate financial inclusion – the availability of access for every entity to all financial products – the public.

The open banking system also provides massive benefits for companies, especially digital financial startups. open banking help startups in particular E-commerce and fintech to be able to develop its services with a digitalized system. That way, business people can benefit from the convenience of the public in paying for their products through digital platforms.

Bank OCBC NISP Support on Development Open Banking in terms of technology and funding for digital finance startups

World developments open banking Of course, this is a concern for inclusive banking services such as Bank OCBC NISP, which has a strong commitment to support development open banking in terms of technology, as well as funding for digital startups. One of the programs that is expected to foster innovative ideas and works from local talents will be open banking especially for digital startup players is Hack@ON.

Hack@ON is an event organized by Bank OCBC NISP in collaboration with DailySocial.id. This program was initiated to encourage the nation's technology talents – with their strong ambitions and desires – to turn on the best original ideas that are actual and #GakPerluRibet.

To support the mission to commit to accelerating financial inclusion, the Hack@ON program is open to anyone who has creative ideas and innovations in responding to the Hack@ON challenges. The prizes offered in this event are no less interesting. With a total prize of IDR 225 million, the breakdown of this prize consists of IDR 100 million for the first winner, IDR 75 million for the second best idea, and IDR 50 million for the third best.

In addition to the fantastic amount of prizes, there are still some the reason why you should join the hackathon. You can access more information about the terms and conditions of the Hack@ON program at Hack@ON resmi official information page. 

Register You and Your Team in the Grand Event Hack@ON

apart Hack Day which will take place on 24-25 September 2022, Hack@ON has a series of interesting events that you won't want to miss lho! To introduce and provide material about startups, Bank OCBC NISP collaborates with DailySocial.id organize roadshow in 4 major cities in Indonesia, namely Bandung, Jakarta, Yogyakarta, and Surabaya.

On activities roadshow this, you can participate in the discussion of the topic cute prepared by the committee. Roadshow Hack@ON in Bandung and Jakarta yesterday succeeded in attracting the enthusiasm of participants from various backgrounds. Roadshows in 3 other big cities will follow with various other discussion topics. You can join activities roadshow located in your city by registering at following link.

Besides, to get Update about the Hack@ON roadshow, you can check on social media DailySocial.id and Bank OCBC NISP and link following yes! The Hack@ON committee opens wide opportunities for those of you who want to take part in the prestigious Hack@ON event.

What are you waiting for? Let's Bank Differently and register yourself and your team before the closing of registration and idea collection on September 4, 2022! To register for this event, you can access the following link this.