20/09/2024. PT Bank Negara Indonesia (Persero) Tbk or BNI has officially become the main foreign exchange (forex) liquidity provider for foreign exchange banks, including Regional Development Banks (BPD) in Indonesia. This step was taken through the launch of the latest BNI FXGO platform designed to facilitate interbank forex transactions.
The collaboration platform between BNI and Bloomberg was officially launched at the Pullman Hotel, Thamrin, Jakarta on Friday (20/9/2024). This launch is part of BNI's efforts to strengthen the foreign exchange financial market, especially for BPDs throughout Indonesia.
With the theme “Connecting the Dots Towards BNI and BPD Wondrous Collaboration,” BNI continues to innovate in the development of financial market infrastructure through the use of digital technology, which is expected to facilitate forex transactions.
BNI Treasury Senior Executive Vice President (SEVP) Ita Tetralastwati stated, BNI now provides complete foreign exchange transaction services for BPD and other foreign exchange banks.
This service covers the purchase and sale of various currencies through BNI FXGO, with the aim of supporting regional economic growth through increased treasury and international activities at regional development banks.
“BNI will be the first bank in Indonesia to provide major forex liquidity directly through the Bloomberg FXGO platform for foreign exchange banks, including BPDs throughout Indonesia,” explained Ita.
The FXGO platform offers fast, secure and functional access to liquidity for banking institution customers. Through BNI FXGO, foreign exchange banks, including BPD, can enjoy competitive price quotations on various currency pairs, making forex buying and selling transactions easier.
The launch was also attended by representatives from 27 BPDs in Indonesia including BPDs with foreign exchange status such as BPD Bali, BPD Central Java, and Bank DKI.
“We hope this collaboration can provide convenience for BPD in transacting forex more efficiently and competitively,” Ita added.
This collaboration is also expected to be a strategic step in supporting the strengthening of Indonesia's financial markets and increasing connectivity between BNI and BPD through the use of the latest digital technology. (*)