SINGAPORE, Nov. 5, 2021 /PRNewswire/ -- PT OneConnect
Financial Technology Indonesia (OneConnect), the leading
technology-as-a-service provider and an associate of Ping An Group,
today announced a partnership with Indonesia-based PT. Bank Mayapada
Internasional, Tbk. one of Indonesia's largest private banks with more
than 216 offices and branch offices across Indonesia, to enable digitisation of banking
services through a comprehensive suite of technological solutions
developed by OneConnect. Through this partnership, Bank Mayapada
aims to digitalize its customer onboarding process and achieves
both cost saving from reducing manual intervention as well as
quicker time to revenue from speeding up the onboarding
process.
OneConnect has been chosen for this partnership amongst a host
of other platform providers due to its strong domain expertise and
reputation for providing and implementing world-class digital
solutions within the Southeast Asian region. The solutions provided
by OneConnect through this partnership will ensure that Bank
Mayapada's digitization of its banking processes as well as
maintain compliance with Indonesia's digital banking regulations passed
in 2018, and at the same time ensuring a seamless yet secure
banking experience for the bank's customers.
This partnership will see OneConnect provide Bank Mayapada with
electronic know-your-customer (eKYC) technology, augmented with
artificial intelligence (AI) technology to validate the
authenticity of customers' indentities. In addition, OneConnect's
Face Liveness Detection (FLD) technology will be implemented to
prevent spoof attacks. This will also ensure that Bank Mayapada
delivers a superb customer experience while meeting regulatory
requirements.
According to research conducted in 2021 by Macquarie, a
significant portion of the Indonesian population currently does not
have sufficient access to formal financial institutions, with 51%
being unbanked and 26% having insufficient access to financial
institutions[1]. This represents an
opportunity for Bank Mayapada to utilize solutions provided by
OneConnect to resolve current gaps, and ultimately accelerate
financial inclusion in Indonesia
by providing easy access to financial institutions for the unbanked
and the insufficient access population.
Mr Hadiyanto, Head of IT Strategic Planning, PT. Bank Mayapada
Internasional, Tbk., said "We are pleased to strengthen Bank
Mayapada's digital journey with next gen technologies together with
OneConnect."
Mr Yao Jing, CEO and President
Director, PT OneConnect Financial Technology Indonesia, said, "We
are honored and excited to be able to bring our strong domain
expertise and cutting-edge technological solutions to empower Bank
Mayapada in their efforts to digitize their services. It has been
apparent that digitalization of bank processes is imperative for
financial institutions to thrive, made even more apparent with the
ongoing Covid-19 pandemic, and we are glad to be able to play our
part in assisting Bank Mayapada in their digital
transformation."
About PT Bank Mayapada Internasional Tbk
PT. Bank Mayapada Internasional, Tbk. (IDX: MAYA)
established in 1989, currently operating 216 offices network
spreading throughout Indonesia. As
one of the most fast growing banks in Indonesia, Bank Mayapada has entered BUKU III
Bank Group in 2017 with total aset Rp111,7 Trilion per June
2021. The Bank is confident in moving forward together with
stakeholders to become one of the largest bank to provide the best
quality banking services in Indonesia. Bank Mayapada is registered and
overseen by Otoritas Jasa Keuangan.
About OneConnect Financial Technology
OneConnect Financial Technology Co. Ltd. ("The Company") is a
leading technology-as-a-service platform for financial
institutions. The globally-recognised Company is a high-tech
enterprise that was listed on the New York Stock Exchange in 2019
(NYSE: OCFT). The Company integrates extensive financial services
industry expertise with market-leading technology to provide
technology applications and technology-enabled business services to
financial institutions. These solutions enable our customers'
digital transformations, which seek to increase revenue, manage
risks, improve efficiency, enhance service quality and reduce
costs.
OneConnect is an associate of Ping An Group. By leveraging on
Ping An Group's extensive experience of over 30 years in financial
services, OneConnect has established long-term relationships with
financial institutions to serve and accurately address their
digital transformation needs. Above its expertise and experience as
a leading digital banking solutions provider, OneConnect also
actively promotes digital transformation for financial institutions
and provides trade, credit, supply chain, data security, risk
management and other related scientific and technological services
for government, regulatory and enterprise users. As of 30 June 2021, the company has served over 100
customers across more than 20 countries and regions, largely in
Southeast Asia.
OneConnect has world-leading technology capabilities for
financial services in AI, Big Data Analytics, Blockchain and
Financial Cloud. As of 30 June 2021,
the Company had submitted 5,075 global patent applications,
including 1199 overseas patent applications. The Company has also
won 51 technology awards in international competitions, including
four consecutive IDC Awards, BAI Global Insurance Certification
Award, the first prize in the OMG Micro-expression Competition, the
first prize in Machine Learning in DROP Leaderboard and the CMMI5
international certification, among many others.
[1]https://www.macquarie.com/au/en/perspectives/delivering-digital-financial-inclusion-in-southeast-asia.html
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SOURCE OneConnect