Referring to the results of a survey conducted by the Association of Indonesian Internet Service Providers (APJII) in 2016 it can be seen that the penetration of internet users in Indonesia reached 132,7 million of the total population of Indonesia, namely 252,4 million. In addition, the behavior of internet users in Indonesia is dominated by the use of e-mail mobile devices which reached 63,1 million or 47,6% of the population of internet users in Indonesia.

This fact makes a start-up business or what is known as startup in the field of technology is one sector that is increasingly in demand and continues to grow rapidly. This development was followed by the emergence of startup-startup local and entry startup abroad to Indonesia and the emergence of good investors venture capital as well as angel investors to encourage business expansion startup.

This shows that Indonesia is one of the potential countries for development startup in technology. However, to encourage more startups to appear and develop in Indonesia, cooperation or collaboration from the stakeholders is needed stakeholders be it conventional companies, actors startup, educational institutions, communities to investors. It is hoped that this collaboration will create new innovations in the field of technology.

Fintech (Financial Technology) as the New Primadonna

Fintech is now the new prima donna in the world startup. financial technology (Fintech) emerged in the community because of the need for fast, easy, and practical financial transactions. The need for cash less is getting bigger, opening up opportunities for start-up companies or startups to develop fintech applications.

Fintech that is widely eyed, such as: peer-to-peer lending (borrowing and borrowing money through the application), stock and mutual fund investment arrangements, to payments via electronic money. Many parties have realized Fintech, which is considered the future for the financial industry, especially from the banking sector. They are competing to launch innovations in the fintech field

Based on Bank Indonesia data, the value of fintech transactions will reach 1,9 billion US dollars or Rp. 25,28 trillion (exchange rate of Rp. 13.308/US dollar) in 2017. The Indonesian Chamber of Commerce and Industry (Kadin) estimates that investments made in the fintech sector will reach Rp. In 2018, it will reach 8 billion US dollars.

This data makes investors look at the potential of the fintech market in Indonesia. In 2016 Indonesian Technology Startup report, DailySocial reports that 60 percent of investors agree that fintech will become a trend in 2017. Software-as-a-Service (SaaS) which is the adoption of software as a service by 20 percent, then E-commerce 10 percent, and others (revenue generating business) by 10 percent.

Innovation and Collaboration

Based on survey results General Electric Global Innovation Barometer 2016 reported that 85 percent of companies said collaboration will drive the organization's future success.

Likewise, PT Bank Central Asia Tbk. (BCA) which carries innovation and collaboration as the initial spirit of the formation of BCA Finhacks (Financial Hackathon). Armed with the latest ideas and collaboration between industry players and IT developers, through Finhacks it is hoped that digital innovations will be present and become solutions for the financial world, especially banking.

Finhacks itself was held in 2016. Nearly 500 innovation ideas from IT developers throughout Indonesia have been successfully captured by Finhacks and resulted in payment system innovations using e-wallet. Last year, the theme was #HackByTheBeach with a seaside atmosphere. Finhacks 2017 This theme carries the theme #Codescape with a mountainous feel which will take place at the BCA Learning Institute, Sentul. Before heading to the event Finhacks 2017, BCA and DailySocial will first hold a meetup and Mini Finhacks.

This year, the event Finhacks 2017 prepared a total cash prize of 120 million rupiah for the three main winning teams who could present solutions related to digital banking. In fact, more than that, the winners will also automatically get a MacBook Pro 13.3" Retina Display (first place), MSI GE62 2QL (second place), and Ricoh Theta S 360 Degree (third place).

Through Finhacks 2017, BCA invites developer or IT practitioners collaborate and compete to produce innovations that can answer the challenges of creating technological innovation of banking services that are easier, safer and more enjoyable for customers' daily lifestyles.

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Disclosure: This article is an advertorial in collaboration with DailySocial and BCA, as part of a series of events Finhacks 2017.