BANDAR SERI BEGAWAN, April 17 (Borneo Bulletin/ANN): Bank Islam Brunei Darussalam (BIBD), in recognising that start-ups are a key component in economic diversification, is invested in supporting the local start-up ecosystem through various efforts aimed at encouraging innovation and creativity.
BIBD is currently looking into developing a programme that would invite tertiary students and start-ups to submit fresh ideas and innovative fintech solutions, which is under the education/entrepreneurship pillars of the bank’s corporate social responsibility.
This was shared by BIBD Chief Marketing Officer Hajah Nurul Akmar Haji Mohd Jaafar at a press conference hosted by BIBD at the Executive Lounge of its headquarters in the capital yesterday.
Hajah Nurul Akmar also noted that the bank is open to partnering with local fintechs.
She said the programme would be structured in such a way that participants are provided with industry mentorship and development opportunities, with a grant for winning participants to develop their solutions further.
The programme will create a conduit of innovation and puts BIBD in the middle of an ecosystem that supports fintech start-ups while also building a pipeline for enterprising tertiary students.
As the largest financial institution in the country, BIBD has always been committed to supporting the development of local start-ups. The bank has complemented national efforts to boost the local economy with various small and medium enterprise (SME)-related initiatives as well as by empowering them with robust and comprehensive digital business solutions.
The bank’s SME360 platform is a comprehensive banking solution that complements the needs of businesses and includes access to a dedicated relationship management team, financial solutions as well as digital payments, in support of the nation’s drive towards becoming a Smart Nation powered by a digital economy.
Roughly 80 per cent of BIBD’s corporate customers are micro, small and medium enterprises (MSMEs), who have access to the SME360 platform.
BIBD’s support for the Smart Nation initiative is an integral part of the bank’s commitment to being a Partner in Progress and BIBD’s ecosystem of digital payments, which is powered by the BIBD NEXGEN platform, extends to partnerships beyond the banking sector with the most recent one being the Ministry of Religious Affairs.
The recent partnership with the ministry covers the ability to make payment of Zakat Fitrah via BIBD QuickPay, which is an extension of the Go Cashless Go Digital campaign which BIBD launched last year.
BIBD is currently looking into developing a programme that would invite tertiary students and start-ups to submit fresh ideas and innovative fintech solutions, which is under the education/entrepreneurship pillars of the bank’s corporate social responsibility.
This was shared by BIBD Chief Marketing Officer Hajah Nurul Akmar Haji Mohd Jaafar at a press conference hosted by BIBD at the Executive Lounge of its headquarters in the capital yesterday.
Hajah Nurul Akmar also noted that the bank is open to partnering with local fintechs.
She said the programme would be structured in such a way that participants are provided with industry mentorship and development opportunities, with a grant for winning participants to develop their solutions further.
The programme will create a conduit of innovation and puts BIBD in the middle of an ecosystem that supports fintech start-ups while also building a pipeline for enterprising tertiary students.
As the largest financial institution in the country, BIBD has always been committed to supporting the development of local start-ups. The bank has complemented national efforts to boost the local economy with various small and medium enterprise (SME)-related initiatives as well as by empowering them with robust and comprehensive digital business solutions.
The bank’s SME360 platform is a comprehensive banking solution that complements the needs of businesses and includes access to a dedicated relationship management team, financial solutions as well as digital payments, in support of the nation’s drive towards becoming a Smart Nation powered by a digital economy.
Roughly 80 per cent of BIBD’s corporate customers are micro, small and medium enterprises (MSMEs), who have access to the SME360 platform.
BIBD’s support for the Smart Nation initiative is an integral part of the bank’s commitment to being a Partner in Progress and BIBD’s ecosystem of digital payments, which is powered by the BIBD NEXGEN platform, extends to partnerships beyond the banking sector with the most recent one being the Ministry of Religious Affairs.
The recent partnership with the ministry covers the ability to make payment of Zakat Fitrah via BIBD QuickPay, which is an extension of the Go Cashless Go Digital campaign which BIBD launched last year.
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