Indonesia

Bank Mandiri and TransJakarta Recognised for Innovation Projects at Annual AIBP Indonesia Enterprise Innovation Award

Bank Mandiri and TransJakarta are selected as the winners from Indonesia in the 2021 ASEAN Enterprise Innovation Award, presented by AIBP. The 2021 edition of the award saw over 130 nominations across 5 countries, narrowed down to 27 finalists and 10 eventual winners  – two of which came from Indonesia.

Bank Mandiri: Building an Integrated Value Chain Ecosystem with AI & ML

Established in 1998, Bank Mandiri is listed on the Indonesia Stock Exchange with assets amounting US$ 114.1 billion (IDR 1638.238 trillion) and a market capitalisation of US $23.7 billion (IDR 340.408 trillion). They are the largest bank in Indonesia in terms of assets, loans and deposits, and the third largest bank in Indonesia by market capitalisation. 

One of the firsts in Indonesia’s financial services industry, the Integrated Value Chain Ecosystem project uses AI and machine learning to analyse patterns in the ecosystem’s data while also extracting valuable data for their clients and themselves. The project’s findings enables Bank Mandiri to offer individualised financial services and solutions that are tailored to their clients’ needs.

This project resonates with findings in the annual AIBP ASEAN Innovation Survey among business and information technology professionals across Southeast Asia, which revealed that enterprises in the region are increasingly adopting digital technology to stay competitive. Data analytics (65%), IoT (44%), artificial intelligence (34%), machine learning (34%), and robotic process automation (33%) are the top 5 technologies enterprises in ASEAN are looking to invest in over the next 2-3 years.

TransJakarta: Smarter, Customer-centric Transportation and Mobility

Transjakarta is the longest Bus Rapid Transit (BRT) in the world, covering 251.2 km in total distance, serving more than 100 million passengers yearly, with a bus fleet of more than 3000. About 98% of Transjakarta’s total revenue of US$214 Million is generated from ticketing. 

Transjakarta’s digital passenger platform promises end-to-end solutions for the customer, featuring a bus registration system and bus checking, which will be supplemented by modules such as operational planning, mileage achievement by system, and engine monitoring. The transport provider has also implemented face recognition ticketing for enhanced customer experience.

About AIBP ASEAN Enterprise Innovation Award

Established in 2017, the key objective of the annual AIBP Enterprise Innovation Award is to give recognition to organisations who have embarked on projects to digitally transform their business through the adoption of innovative technology. The awards are held annually in the following ASEAN countries: Indonesia, Malaysia, Philippines, Thailand and Vietnam.

About AIBP

AIBP serves as an avenue for public and private organisations in Southeast Asia to access and exchange information about growth and innovation within the B2B space. With a current network of over 30,000 stakeholders in Southeast Asia, AIBP continues to develop ecosystems by engaging in activities which create value-adding information for our stakeholders seeking to make transformative impacts within their organisations.

AIBP

3 January 2022