Banking Demanded to Innovate To Keep Growing

By : Wiyanto Dan Aldo Bella Putra | Wednesday, November 29 2017 - 22:00 IWST

Fadel Muhammad Wakil Ketua Komisi VII DPR (Foto Ist)
Fadel Muhammad Wakil Ketua Komisi VII DPR (Foto Ist)

INDUSTRY.co.id - Jakarta - Vice Chairman of Commission VII of the House of Representatives Fadel Muhammad stated that the banking law in the case of foreign and local banks is still being under pressure by councils.

"The main thing is the separation of national and foreign banks, foreign banks are given a chance to grow, but some places are limited to the sub-district level. The national local banks are also given opportunities to grow," he said at the Indonesia Best Banking Brand Award held Warta Ekonomi in Jakarta, Wednesday (29/11/2017).

While banking law is being pushed, he encourages banks to innovate. The innovation is to maintain the growth of sound national banking. Especially in the case of digital banking technology.

"I convey the challenges ahead need innovation, friends realize the absolute requirement of banking to keep the existing growth," he said.

In the data he holds, some banks have prepared a budget that is not small to poured in technology investment.

"Incredible development, an important innovation, is reported to be national banking and BUMN banks need to be encouraged, BNI plans to prepare Rp1.5 trillion for technology, Bank Mandiri prepares Rp1.6 trillion, Bank BCA prepares Rp 4 trillion for expansion of information technology ," he said.

News Comment

Today's Industry

PT Surya Esa Perkasa Tbk. (ESSA: IJ)

Selasa, 26 September 2023 - 07:45 WIB

ESSA Secures Gas Contract Extension for LPG Refinery

PT Surya Esa Perkasa Tbk. (ESSA: IJ), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant today (22/9) announced…

(kiri-kanan) Cahyo (operations manager PT Eco Paper Indonesia), Kuswara ( Direktur ALDO), Herwanto Sutanto (Presdir ALDO), dan Herlambang Putra Sujadi (Direktur PT Eco Paper Indonesia)

Selasa, 26 September 2023 - 06:45 WIB

ALDO Strengthens PT Eco Paper’s Business of Recycled Brown Paper Production

PT Alkindo Naratama Tbk (ALDO), a listed company engaged in the integrated paper and chemical business, plans to inject additional working capital of around IDR 40 billion into its subsidiary…

"CLEO", PT Sariguna Primatirta Tbk (Tanobel Group)

Sabtu, 23 September 2023 - 11:33 WIB

Growing Above Industrial Average, CLEO Strives for Innovation

Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…