Bank Syariah Indonesia - Enterprise Tech Ecosystem Series

Bank Syariah Indonesia - Enterprise Tech Ecosystem Series

Summary

Bank Syariah Indonesia (BSI) was established in 2021 following the merger of three Islamic banks: Bank BRI Syariah, Bank Syariah Mandiri, and Bank BNI Syariah. The new entity provides Sharia-based financial solutions to both individual and business customers in Indonesia. It offers savings accounts, Hajj and Umrah savings services (savings for the Hajj and Umrah pilgrimages to Mecca), financing services, investment services, life and health insurance products, and inheritance consultation services to individuals. In addition, the bank offers buyer financing, supplier financing, distributor financing, custodian services, investment financing, Sharia checking account financing, working capital financing, savings, cash management, and treasury services to business customers. The bank has five operating segments: wholesale, SME, consumer, micro businesses, and other.

This report provides insight into BSI's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and its estimated ICT budget.

Scope

• BSI is strengthening its focus on the use of disruptive technologies to enhance its business operations and service offerings. To do so, it is tapping into technologies including big data, cloud, and cybersecurity.
• BSI is utilizing artificial intelligence to remotely onboard new customers.

• Gain insight into BSI's fintech operations.
• Discover its fintech strategies and innovation initiatives.
• Learn about its product launches, partnerships, and investments.