Bank Jatim wins Indonesia Best CFO Award 2023
Date: 04 october 2023Categories :
JAKARTA, OCTOBER 4, 2023. PT Bank Pembangunan Daerah Jawa Timur Tbk or bankjatim is considered to be a bank that successfully carries out the transformation process and continues to maintain performance growth trends in this challenging time. This was proven by the success of bankjatim in winning the Indonesia Best Chief Financial Officer (CFO) 2023 award organized by SWA Media and Swanetwork. Located at the Shangri-La Hotel Jakarta, the award was specifically given to the Director of Finance, Treasury and Global Services bankjatim Edi Masrianto on Wednesday night (4/10).
Edi explained, this award will be a motivation for all Jatimers to continue to transform in order to maintain positive performance to support economic growth in East Java and nationally. This is because there are several challenges that banks inevitably have to face in the midst of global turmoil. Among others, the pandemic, geopolitics, economic impact, technology, and the sustainability of the banking business.
"We can see for ourselves, the third year of the pandemic is still having an impact on the global economy. In addition, the geopolitical pressures that occur also have a major effect on world macro conditions. In fact, the rapid development of technology also needs to be anticipated both from people, processes, and others," said Edi.
Facing these challenges, bankjatim has a number of strategies and innovations in responding to developing conditions, including the adoption of technology. So do not be surprised, with various innovations that have been done that make bankjatim rewarded with various awards. Including this Indonesia Best CFO 2023.
"The transformation carried out by bankjatim consists of five pillars. Namely changes in organizational structure, human capital, rule making rules, the development of digital banking and information technology, as well as the corporate action of equity participation, "said Edi. All of that was done to achieve the vision of becoming the number 1 BPD in Indonesia.
While bankjatim is currently already doing a variety of digitalization in its business processes. Such as JConnect digitalization and banking digitalization through collaboration with OVO, Shopee, Gopay, Indomaret, Alfamart, etc. "We have also digitized local government finances and successfully implemented the Electronification of Local Government Transactions (ETPD). Now tax, levy, education payments can use virtual accounts or QRIS," he said.
Edi added, bankjatim has also developed JConnect Remittance. JConnect Remittance is a remittance service from abroad through channels (agents or applications) owned by bankjatim partners, namely MTA - Merchant Trade Asia Shd Bhd (money service in Malayasia). The service aims to facilitate Indonesian Migrant Workers (PMI) to be faster and safer in conducting money transfer transactions between countries. During the period 2022-2023 the total nominal value of JConnect Remittance transactions has been recorded as much as IDR 733,057,612,299,-.
"Well, to continue to grow bankjatim's performance, we are ready to synergize and collaborate with various parties in order to make a positive contribution to Indonesia and the development of bankjatim's business in a sustainable manner," he said.
Meanwhile, the background of the awarding of Indonesia Best CFO 2023 by SWA Media and Swanetwork is because CFOs today have a very important role. A CFO must be able to foster collaboration between finance teams and strategize to align financial decisions with overall goals. In addition, conducting financial planning, anticipating potential returns from investments, synergizing between financial resources and strategic planning are also very important for CFOs to achieve and maintain the best performance.