Bank Mandiri and Bank Central Asia Recognised at the 2025 Innovation Award for Digital Banking Indonesia and AI-Powered Risk Management
The annual ASEAN Innovation Business Platform (AIBP) Enterprise Innovation Awards recognises Southeast Asian organisations successfully driving digital transformation across their businesses.
Notably, close to 50% of nominations featured artificial intelligence (AI) or machine learning (ML) initiatives. Southeast Asia is swiftly emerging as an AI powerhouse, with over US$30 billion invested in regional AI infrastructure in the first half of 2024 alone, driving governments and enterprises to rapidly expand data centres and innovation labs. Falling AI deployment costs and rapid technological advancements are lowering barriers, particularly for MSME Indonesia, accelerating AI adoption across sectors like financial services, fintech and innovation, and manufacturing, positioning ASEAN as a leading hub in the Intelligent Age.
PT Bank Mandiri (Persero) Tbk (Bank Mandiri) and PT Bank Central Asia Tbk (BCA) emerged as the winners from Indonesia for the Open and Data & AI category respectively, and received their awards at the AIBP Conference and Exhibition, held on 20 -21 August, at the Mövenpick Hotel Jakarta City Centre.
Endorsed and supported by the Ministry of Communication and Digital Affairs (KOMDIGI), the event spotlighted advancements in Indonesia’s digital landscape while addressing the challenges faced by local enterprises and public service organisations in adopting digital transformation.
Bank Mandiri Digital's Livin' Merchant platform supports over 2.7 million MSMEs in Indonesia, providing integrated payments, real-time transaction monitoring, and sales and revenue reports that help manage cash flow, boost customer engagement, and compete in Indonesia's digital economy. The initiative aligns with the bank's digital banking Indonesia strategy and national financial inclusion goals, reflecting Bank Mandiri's transformation into a digital-first institution. Founded in 1998, Bank Mandiri employs approximately 39,000 staff and has a market capitalisation of around US $28.2 billion (~IDR 450 trillion) as of August 2025.
BCA has deployed AI fraud detection systems capable of real-time analysis, demonstrating how artificial intelligence for banking can cut false positives and enable quicker, more accurate fraud detection using AI in banking operations.
These tools enhance operational efficiency, customer trust, and financial security, with AI also used for personalised banking experiences. Founded in 1957, BCA, employs more than 50,000 people and boasting a market capitalisation of approximately US $66.6 billion (~ IDR 1,100 trillion).
Bank Central Asia and Bank Mandiri join the list of illustrious past winners, including Astra International, Bluebird Group, Bank Negara Indonesia, Kalbe Farma, Pertamina, Sampoerna, Telkom Indonesia among others
***END***
About ASEAN Innovation Business Platform (AIBP)
The ASEAN Innovation Business Platform (AIBP) is an initiative focused on enabling innovation and strategic partnerships across public and private organisations in Southeast Asia. Through curated engagement activities, AIBP supports the growth of regional government agencies, enterprises and solution providers in navigating key themes such as innovation, digital transformation, and sustainability.
Learn more at www.aibp.sg
