INDONESIA CENTRAL BANK AND GCEL EXPLORE BANKTECH INNOVATION

Indonesia Central Bank Deputy Governor Dr. Sugeng convened a technical discussion with GCEL in Jakarta on November 6, 2019 to explore how emerging technologies can drive growth and innovation within the banking industry. The session was organized by Mr. Yugi Prayanto, Vice-Chairman of Indonesia’s National Chamber of Commerce and Industry (KADIN).

GCEL introduced its Dynamic Product Offering (DPO), an innovative market-making tool within the Digital Economy Platform that automatically matches products and services with qualified customers based on business needs and eligibility criteria.

The Banking DPO combines Trade Finance and Trade Credit Insurance to generate pre-qualified financing offers based on business performance, transaction characteristics, and available collateral. The solution helps financial institutions reduce customer acquisition costs, improve market reach, and optimize risk-adjusted returns.

The discussion highlighted how digital technologies can enhance financial inclusion, improve access to financing, and strengthen the efficiency of banking services.