ACI Worldwide’s Post

This year’s #PrimeTimeForRealTime report dives into India, Brazil, Indonesia, Malaysia and the Netherlands #realtimepayment markets. Ready to uncover the numbers? Pre-register to get the key factors and use cases driving these thriving end-to-end payment ecosystems. https://aciw.co/49MMkiM

Explore the latest insights on India, Brazil, Indonesia, Malaysia, and the Netherlands real-time payment markets in the new #PrimeTimeForRealTime report. Discover the key factors and use cases shaping these dynamic payment ecosystems. Don't miss out, pre-register now at https://aciw.co/3vX1bJO. #realtimepayment

This year’s #PrimeTimeForRealTime report dives into India, Brazil, Indonesia, Malaysia and the Netherlands #realtimepayment markets. Ready to uncover the numbers? Pre-register to get the key factors and use cases driving these thriving end-to-end payment ecosystems. https://aciw.co/49UC0Fm

This year’s #PrimeTimeForRealTime report dives into India, Brazil, Indonesia, Malaysia and the Netherlands #realtimepayment markets. Ready to uncover the numbers? Pre-register to get the key factors and use cases driving these thriving end-to-end payment ecosystems. https://aciw.co/4daIz9R

Indonesia's financial sector has taken a significant step forward with the introduction of the BI-FAST real-time payments system. This initiative has connected 106 entities, including 21 initial banks, to offer instantaneous transactions, marking a notable development in the country's payment capabilities. In 2022, there were 470 million real-time transactions, indicating a rapid adoption among the population. The shift to digital payments is evident and is expected to gain further momentum as additional functionalities are phased into the BI-FAST system, enhancing the payment experience for users and businesses alike. #Indonesia #RealTimePayments #DigitalBanking #FinancialTechnology

In the dynamic realm of finance, Southeast Asia is witnessing a groundbreaking transformation with the emergence of Real-Time Payments. From the swift PayNow system in Singapore to the convenience of PromptPay in Thailand, and the efficiency of DuitNow in Malaysia, the region is redefining the way transactions take place. Now, adding to the momentum is Indonesia with the BI-Fast that has been introduces 2021! As Indonesia steps into the era of real-time payments, the nation propels itself into a future of interconnected finances, promising users swift and secure transaction experiences. BI-Fast offers real-time, secure, and efficient payments available 24/7, offering lower payment fees and the capability for larger transaction amounts. Where it leads us to experience the benefits of quick, secure, and cost-effective transactions, making financial management more accessible than ever. Brick will soon bring BI-Fast services to you! Don't miss the opportunity to experience the ease and speed of transactions. Experience the benefits of quick, secure, and cost-effective transactions, making financial management more accessible than ever. Stay informed in www.onebrick.io #BrickforBusiness

In just one year, Bank Mandiri's partnership with Wise Platform has saved its 23 million app users $2.3 million in cross-border transaction #fees, opening up a world of international payments to its customers in Indonesia 🇮🇩 Our latest case study explores how the #partnership is empowering Indonesia's largest bank to better serve the international needs of its corporate and retail customers, supporting $93.3 million in foreign currency transfers in the first year following the launch. Read our case study to discover how Bank Mandiri: 🌎 Modernised cross-border payments processes, eliminating long lines and high fees to provide fast, affordable and convenient international #payment services. 🛠️ Transformed cross-border payments quickly by leveraging Wise Platform’s #API, without the need for an extensive and costly #infrastructure overhaul. ⚡️ Expanded its currency offering, allowing Mandiri app users to send 13 currencies, including IDR, USD and EUR, with 66% of transactions arriving within seconds*. 🔍You can read the full case study online here: https://wi.se/bankmandiri Or checkout the PDF below ⬇️ *Transaction speed depends on individual circumstances and may not be available for all transactions.

👀 👀 Open Finance succes stories discussed!! Don't miss them!. Thanks for masterfully directing the webseries Mark Boyd, Platformable. #openfinance #opendata

🤚🏼 🛑 Announcing the "Open Finance Success" Series with Platformable! 🚀 We're thrilled to introduce a brand-new video series, "Open Finance Success," hosted by Platformable. In each episode, Mariana Velazquez, Jose Luis Navarro Llorens, Mark Boyd, and I will delve into various global use cases from three perspectives: business case, technical solution, and socio-economic impact. Thanks to Platformable for accepting this challenge and hosting this initiative. Let's start! 🛫 1️⃣ 🎙 First Episode: Indonesia’s Bank BRI In our debut episode (link below), we explore the remarkable digital transformation journey of PT Bank Rakyat Indonesia (Persero) Tbk (Bank BRI), Indonesia’s largest bank by assets. By offering credit scoring capabilities via an API as a paid service, Bank BRI has revolutionized financial inclusion, especially in the country's most remote regions. 📡 Main Tech Points: ▶ API Integration Leveraging the Apigee platform to build and manage API-based applications, ensuring reliability, security, and real-time visibility. ▶ Digital Ecosystem Deployment of 15 Apigee nodes capable of handling 100,000 transactions per minute, supporting seamless credit scoring, fraud detection, and loan origination. ▶ Branchless Agents Network Enabling over 320,000 agents with API-based apps to perform banking transactions, significantly expanding the bank's reach. 📊 Main Business Points ▶ Profitability and Growth Bank BRI’s transition to digital has not only increased profitability but also positioned it as a leader in financial innovation. ▶ Efficiency Gains Achieving faster integration timelines, from months to days, for third-party collaborations, enhancing business agility and partner engagement. ▶ Microlending Digitalization Transforming the microlending process with mobile apps, enhancing operational efficiency and customer experience. 🤝 Main Social Impact ▶ Financial Inclusion Dramatically increasing financial inclusion rates in Indonesia, aiming to uplift from 40% to 60-70%, by providing banking services to the unbanked and underbanked. ▶ Economic Empowerment Supporting rural startups and businesses by extending API payment engines, fostering local economic growth. ▶ National Digital Enablement Leading a cultural transformation towards collaboration and digital innovation, setting a benchmark for the entire nation. Join us as we dive deep into these transformative stories and explore how open finance is reshaping the global banking landscape. Link: https://lnkd.in/dQJzpCeb What are your thoughts? I'm reading your comments! ✍ ✍ ✍ 𝗟𝗶𝗸𝗲𝗱 this post? 𝗙𝗼𝗹𝗹𝗼𝘄 𝗺𝗲 for regular insights. 𝗛𝗶𝘁 𝘁𝗵𝗲 𝗯𝗲𝗹𝗹 icon 🔔 on my profile to be notified when I post. әʌ!ʇɔәdsɹәd ɹәɥʇouɐ ɯoɹɟ ʎʇ!|ɐәɹ ɹnoʎ әәs noʎ d|әɥ ! '!ɐ puɐ s!dɐ ƃu!sn #OpenFinanceSuccess #Platformable #DigitalTransformation #APIs #FinancialInclusion #BankBRI #Fintech #Innovation #businesssolutions