PT Bank Central Asia – Digital Transformation Strategies
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Bank Central Asia has been focusing on emerging technologies as a part of its digital transformation strategies. The annual ICT spending of Bank Central Asia was estimated at $ 395.8 million in 2022. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Bank Central Asia (BCA) is a provider of personal, commercial, and corporate banking solutions. Its portfolio of products and services comprises savings accounts, time deposits, credit cards, debit cards, prepaid cards, investment products, housing loans, car loans, working capital loans, investment loans, distributor financing, supplier financing, dealer financing, warehouse financing, showroom financing, and investment financing.
The Bank Central Asia Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, ICT spending among others.
Digital Transformation Strategies
In line with its digital strategy, BCA is continuously adopting latest technology developments by undertaking various strategic initiatives to deliver innovative products and services. Due to its consistent digital banking strategy, BCA maintained strong position during pandemic where customers moved to online banking and digital solutions. The online and mobile banking services facilitated 9.6 billion transactions, a 50.8% growth since 2019, accounting for 82.9% of all customer transactions in 2020. In 2021, the bank established BCA Digital, which aims to develop digital products and services for customers.
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Bank Central Asia Technology Theme Focus
Bank Central Asia is utilizing number of emerging technologies including artificial intelligence, big data, blockchain, cloud computing and payments to improve operational efficiency and enhance customer experience.
Bank Central Asia Technology Focus
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Bank Central Asia Technology Initiatives
Bank Central Asia has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, BCA teamed up with Avaloq to move its wealth management system to Avaloq Core. The bank has chosen Avaloq’s technology to optimize its back- and front-office operations for investment services to expand up its wealth management offerings and boost customer engagement.
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Bank Central Asia ICT Spend by Function
- Data center
- Communications
- Applications
- Network
- End-user computing
- Management
- Service desk
Bank Central Asia ICT Spend by Function, 2022
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Bank Central Asia ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Bank Central Asia ICT Spend by Channel, 2022
For more insights on ICT spending by channel, download a free report sample
Bank Central Asia External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
- Consulting
- Others
Bank Central Asia External ICT Spend by Segment, 2022
For more insights on external ICT spending by segment, download a free report sample
Bank Central Asia Digital Transformation Strategies Overview
Total ICT Spending 2022 | $395.8 million |
ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Blockchain, Cloud Computing and Payments |
This report provides:
- Insight into Bank Central Asia’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, partnerships, and investments.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into Bank Central Asia’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, and investments.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Bank Central Asia in 2022?
The annual ICT spending of Bank Central Asia was estimated at $395.8 million in 2022.
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What are the key ICT spending categories by function for Bank Central Asia?
The key ICT spending categories by function for Bank Central Asia are communications, data center, network, application, end-user computing, service desk, and management.
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What are the key ICT spending categories by channel for Bank Central Asia?
The key ICT spending categories by channel for Bank Central Asia are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
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What are the key external ICT spending categories by segment for Bank Central Asia?
The key external ICT spending categories by segment for Bank Central Asia are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), network and communications, consulting, and others.
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What are the key technology themes in focus for Bank Central Asia?
The key technological theme in focus for Bank Central Asia are artificial intelligence, big data, blockchain, cloud computing and payments.
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