OCBC NISP Collaborates with DailySocial.id to Hold "Hack@ON" Activities

PT Bank OCBC NISP Tbk (IDX: NISP) in collaboration with DailySocial.id held the Hack@ON program. This activity aims to explore new ideas and talents in order to improve the banking experience in Indonesia.

In session talkshow At the launch of the event, Bank OCBC NISP's IT Division Head Komang Arthayasa revealed that there are many opportunities to accelerate innovation in this era of open banking which is developing in Indonesia. Activity hackathon This is believed to be one way to improve the service capability of OCBC NISP in the future.

For your information, OCBC NISP has started a digital transformation in the last few years. One of the realizations is partnering with startups lendingindodan to channel funding with schemes channeling.

"Hack@ON is a place to discuss with innovators to come up with creative and alternative solutions to provide a different banking experience. Something that has been embedded in daily life. Now, our products and systems are ready," said Komang.

open banking can be defined as a mechanism for providing open and secure access to customer data by implementing Open Application Programming Interface (API). This technology allows third parties to access the data customers need with an available connection. open banking has a large exploration space that can be developed according to customer needs personally.

Founder & CEO DailySocial.id Rama Mamuaya added that before Indonesia's digital ecosystem matured as it is now, he assessed that many startups had difficultydeliver products to the market. Now, trend open banking can open wide access for startups to access the market through collaboration.

"Banking is an industry based on integrity and trust that has been around for hundreds of years. Meanwhile, startup generally more focused on solving a problem by creating a product. Today, collaboration between startup-corporations has occurred everywhere. Startups have ideas, corporations have a user base. They can collaborate for go to market, said Ram.

Open Ecosystem

On the same occasion, IDC Indonesia Country Manager Mevira Munindra said that Indonesia had just entered the phase of emery on implementation open banking in recent years. This growth cannot be separated from the government's efforts to encourage the use of Open API by issuing the National Open API Payment Standard (SNAP).

"open banking is expected to encourage open ecosystem considering that changes in people's behavior also encourage open ecosystem in Indonesia. There will be many ecosystem-based business models in the future. This will be enablers to digitization," he said.

Referring to the report of the Ministry of Communication and Information Technology, information and communication sector in 2021 positive growth of 8,72%, 6,87%, and 5,51% (Year-on-Year). This growth is triggered by digital acceleration which encourages changes in people's behavior from offline to online during the pandemic.

Meanwhile, registration for the Hack@ON program is open from July 12 to September 4, 2022. To attract talented innovators, Hack@ON will hold a roadshow in four cities, namely Bandung, Yogyakarta, Jakarta, and Surabaya.

From the total participants, Hack@ON will attract 20 participants to take part in the Hack Day competition on 24-25 September 2022 at ON Space, BSD City.

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The Hack@ON competition event is also getting closer, with approximately two months remaining, the Hack@ON committee will close registration and idea collection on September 4, 2022. So you don't miss it, register yourself immediately HERE now!