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PT Bank Negara Indonesia (BNI) through its subsidiary, BNI Venture, introduced 10 startup participants in the pitching demo day from the Axel Arc accelerator program at the Tech in Asia Conference 2024.
Axel Arc is part of the BNV Arcade 2024 accelerator program which aims to encourage collaboration in the BNI Group ecosystem with a number of start-up companies. Through this program, BNI Ventures is committed to strengthening innovation in banking services and utilizing the latest technology solutions developed by startups.
“This allows us to find new solutions to continue to encourage innovation, strengthen BNI Group’s competitiveness, and accelerate adaptation to changes in the banking industry,” said BNI SEVP Information Technology Victor Erico Korompis in Jakarta, Wednesday (23/10).
Victor sees this program as a strategic platform to introduce startups that have participated in the Axel Arc accelerator. This conference provides an opportunity for startups to build strategic partnerships with various stakeholders in the technology industry, including investors and other strategic partners.
The 10 startups that attended the startup pitching demo day at the Tech in Asia Conference 2024 were: Rintisan, D3Labs, Qasir.id, Kata.ai, Ciroes, Volantis Technology, Fineksi (formerly Finskor), Zi.Care, Momofin, Duluin .
The startups presented the innovative solutions they developed after undergoing workshops and mentoring sessions by industry experts and investors during the Axel Arc accelerator program.
BNI Ventures CEO Eddi Danusaputro added that BNI Ventures’ participation in the Tech in Asia Conference confirms the company’s commitment to continuing to encourage innovation in the financial services ecosystem through collaboration with startups.
“Through this initiative, BNI hopes to create sustainable added value, not only for the BNI Group, but also for the startup ecosystem in Indonesia,” he said. (Ant/Z-11)
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Interview with Rini Sari, Head of BNI Ventures
Editor: Thank you for joining us today, Rini. BNI Ventures recently introduced 10 startups at the Tech in Asia Conference 2024. Can you start by telling us about the Axel Arc accelerator program and its significance?
Rini Sari: Thank you for having me! The Axel Arc program is a key initiative under our BNV Arcade 2024 accelerator. It’s designed to foster collaboration within the BNI Group ecosystem and support innovative startups that can bring fresh, tech-driven solutions to the banking sector. This is crucial as we aim to stay ahead in a rapidly evolving industry.
Editor: That sounds promising! What types of startups participated in this event, and what were some of the innovative solutions they pitched?
Rini Sari: We had an exciting mix of startups focusing on areas like fintech, artificial intelligence, and customer experience enhancement. For example, one startup presented a platform that uses AI to optimize financial advisory services, making them more accessible for our customers. Another introduced a mobile payment solution that simplifies transactions in underserved areas. It’s all about creating solutions that enhance convenience and security for our users.
Editor: How does BNI Ventures plan to support these startups after the demo day?
Rini Sari: Post-demo day, we will provide ongoing mentorship and guidance, helping them refine their business models and connect with potential investors. Our goal is to integrate these solutions into our existing services, thus driving mutual growth and innovation. We believe in nurturing these startups to scale their impact effectively.
Editor: Collaboration seems to be a core focus of the program. Can you elaborate on how BNI Ventures collaborates with these startups?
Rini Sari: Absolutely! Collaboration involves working closely with the startups to identify how their technologies and services can align with our banking solutions. This includes joint development of products, pilot testing in our ecosystem, and even co-marketing opportunities. We want to ensure that all parties benefit from this interaction.
Editor: what do you hope to achieve through these initiatives in the next few years?
Rini Sari: Our vision is to be at the forefront of banking innovation in Indonesia. By supporting startups, we aim to enhance our services, improve customer experience, and ultimately contribute to the financial ecosystem’s growth. We envision a future where technology and banking work hand in hand for a more inclusive financial landscape.
Editor: Thank you, Rini, for sharing these insights! We look forward to seeing how BNI Ventures evolves with these exciting startups.
Rini Sari: Thank you! We appreciate your interest and support.
Value for both the startups and BNI. We believe in building long-term partnerships that can lead to sustainable growth.
Editor: It’s great to hear about the commitment to long-term support! How does BNI Ventures measure the success of these startups post-accelerator program?
Rini Sari: Success can be measured through various metrics, such as user adoption rates, revenue growth, and the level of integration they achieve within our services. We also look at customer feedback and overall impact on the banking ecosystem. Ultimately, our goal is to see these startups thrive within the industry while enhancing the customer experience.
Editor: Sustainability is a key theme in innovation these days. How does BNI Ventures ensure that the startups are creating sustainable value?
Rini Sari: We encourage startups to adopt sustainable practices from the outset. This includes considering environmental impact and social responsibility in their solutions. Regular evaluations and feedback loops help ensure that they’re aligned with broader sustainability goals, making them adaptable to future challenges in the market.
Editor: what do you envision for the future of BNI Ventures and its role in the Indonesian startup ecosystem?
Rini Sari: We aim to be a pivotal player in the Indonesian startup ecosystem by continuously nurturing innovative ideas and technologies that can transform banking. We envision a future where BNI Ventures not only supports startups but also collaborates with them in launching groundbreaking products that ultimately enhance the financial ecosystem for all stakeholders involved.
Editor: Thank you, Rini, for sharing these insights into BNI Ventures and the exciting work you’re doing with startups.
Rini Sari: Thank you for having me! I’m looking forward to seeing how these startups evolve and the lasting impact they’ll have on our industry.
