Soaring 44.9 Percent, Cash Management Transaction Volume On QLola By BRI Capai IDR 6,788 Trillion

Director of Wholesale and Institutional Business BRI Agus Noorsanto. (Photo: Doc. ANTARA)

JAKARTA - Since its launch in 2022, the Integrated Corporate Solution Platform QLola by PT Bank Rakyat Indonesia (Persero) Tbk has recorded an increase in the volume of customer cash management transactions by 33.9 percent year on year (yoy) to Rp6,788 trillion.

This increase occurred both in the wholesale and non-whole segments, with the addition of the number of QLola clients of more than 4,800 new clients.

BRI's Director of Wholesale and Institutional Business, Agus Noorsanto, revealed that the launch of the Qlola platform is one of the digital transformation strategies to provide unique value propositions to customers.

"Digital transformation remains the main focus, especially in anticipating technological and digital developments in the field of transaction banking, including the use of Artificial Intelligence and Blockchain," he said as quoted on Monday, March 4.

Agus said, in addition to launching the QLola platform, BRI will also focus on the digital sector through collaboration with Fintech companies to improve transaction services in order to remain competitive in the market, such as cooperation with payment gateways, and e-commerce companies.

Through this synergy, it is hoped that BRI can collaborate with technology owned by fintech companies to support innovation in customer transaction services.

"The company continues to strive to improve Qlola features and capabilities, such as at the end of 2023 the Global Cash Management System feature on QLola which can be used by BRI overseas branch customers, including BRI Singapore and BRI Timor Leste," continued Agus.

Agus added that QLola also provides convenience so that customers can monitor their business activities ranging from holding or principal to subsidiary, or even partners abroad.

"The ease of transacting and monitoring account balances is important, Qlola Cash Maanagement Infopool is a solution for customers to monitor all company accounts, both accounts at BRI and at other banks in one report. Well, that is one of the interesting features that we have prepared to improve customer efficiency," he said.