BANDUNG, NNC - As the challenges in 2019 become more complex, the PT Bank Pembangunan Daerah Jawa Barat dan Banten Tbk (IDX:BJBR) or Bank BJB has prepared several strategies.
The Director of Compliance and Risk Management who acts as the President Director of Bank BJB, Agus Mulyana, said that the competition was no longer only with fellow conventional banks, but also with financial service providers that relied on financial technology.
"We have prepared a number of strategies in facing the banking business this year which are summarized into five main activities," Agus said on Wednesday (1/23/2019).
Agus said several of these strategies were strengthening capital to support business acceleration.
Then the third party funds are collected through the development of e-channels to maintain bank liquidity, increase credit growth while maintaining credit quality, developing digital banking to optimize business transactions and strengthen supporting synergies.
He said the Industrial Revolution 4.0, which had implications for almost all aspects of business, became a challenge faced by banks including Bank BJB. According to him, changes in business patterns that are driven by the demands of community needs force the banking industry to innovate in developing its services.
However, he continued, behind these challenges, there were opportunities that would become banking capital to be able to grow and develop more advanced.
"Banking must be able to be adaptive and make breakthroughs and innovations that make it easier for the people. Also penetrate businesses, take advantage of greater opportunities to remote parts of the country," continued Agus.
He said Bank BJB continued to innovate to answer future business challenges with reliable and solid management. This includes being part of building a country with the Central Government, West Java and Banten Provincial Governments, City and Regency Governments as well as the community.
He further said that in the face of the high use of technology, Bank BJB will seek to improve digital services this year, namely the development of several new digital products such as the development of E-Money Server Based for transactions using QR Code.
Then more User Friendly Mobile Banking and additional features, Self-Service Banking Machine or E-Kiosk and transactions using Chat Bot and Digital Branchless Banking Services, New EDC and virtual assistants.
In addition, innovative product digitalization is also carried out in terms of MSME lending, with the hope that digitalization will expand economies of scale, create new market opportunities and accelerate relations between producers and consumers.
"This is in accordance with the character of micro credit services that demand speed, convenience and without collateral," he said as quoted by Antara.
Meanwhile to increase credit growth in the MSME sector, it will implement several strategies including empowering Village-Owned Enterprises (BUMDes) including increasing banking access in rural communities.
Then the partnership program in channeling Small Loans, strengthens synergies through collaboration with Rural Banks and Microfinance Institutions.
In addition to the MSME sector, Bank BJB is also committed to supporting economic development in the region and nationally through financing the infrastructure sector which is in line with the government's target to prioritize the two sectors.