JAKARTA. Banking is preparing to face the invasion of startups or financial technology (fintech). Therefore, in 2017, several major banks focus on allocating large capital expenditures to enough strengthen digital banking system, including mobile application. Although have not yet submitted the draft of the capital expenditure to the Financial Services Authority (FSA), some banks have mentioned the projection of capital expenditures in the next year. The values of capital expenditure in the field of information technology (IT) are varied. For an example, management of PT Bank Mandiri Tbk allocated a worth of US$ 150 million or equivalent to Rp 1.97 trillion for capital expenditures in the IT sector. Based on KONTAN’s record, the amount of capital expenditures on IT have increased from US$ 100 million in this year.
Next year, banks will focus on technology
JAKARTA. Banking is preparing to face the invasion of startups or financial technology (fintech). Therefore, in 2017, several major banks focus on allocating large capital expenditures to enough strengthen digital banking system, including mobile application. Although have not yet submitted the draft of the capital expenditure to the Financial Services Authority (FSA), some banks have mentioned the projection of capital expenditures in the next year. The values of capital expenditure in the field of information technology (IT) are varied. For an example, management of PT Bank Mandiri Tbk allocated a worth of US$ 150 million or equivalent to Rp 1.97 trillion for capital expenditures in the IT sector. Based on KONTAN’s record, the amount of capital expenditures on IT have increased from US$ 100 million in this year.