QRIS (Quick Response Code Indonesian Standard) is one of the latest innovative breakthroughs in the payment system. QRIS is a digital payment system based on QR Code that facilitates cashless transactions in banking.

What is QRIS?

QRIS (Quick Response Code Indonesian Standard) is the national QR Code standard established by Bank Indonesia to unify various digital payment methods into one system. With QRIS, transactions can be made using just one QR Code that can be utilized by various payment applications, including mobile banking and digital wallets.

In the context of banking, QRIS has become one of the strategic services to support quick, safe, and efficient cashless transactions.

The Role of QRIS in Banking Services

QRIS plays a vital role in expanding digital payment services in the banking sector. Through the integration of QRIS, banks can provide more inclusive and accessible transaction services for both customers and business actors.

Some of the main roles of QRIS in banking include:

• Supporting the cashless society ecosystem

• Facilitating retail and MSME transactions

• Accelerating cashless payment processes

• Increasing the adoption of mobile banking services

Benefits of QRIS Services for Banking

The implementation of QRIS brings various benefits to the banking industry, including:

1. Improving Transaction Efficiency. QRIS reduces reliance on cash and accelerates the payment process.

2. Expanding Service Reach. Banks can reach MSME players and a broader segment of the community with relatively low implementation costs.

3. Enhancing Customer Experience. Transactions become more practical, fast, and convenient by simply scanning a QR Code.

4. Supporting Transparency and Security. Each transaction is recorded d digitally, making tracking and reporting easier.

QRIS as Part of the Digital Banking Transformation

QRIS is a crucial part of the digital transformation of banking. By integrating QRIS into core banking systems and other digital services, banks can create a modern and connected payment ecosystem.

Moreover, QRIS also opens up integration opportunities with other services such as:

• Mobile & Internet Banking

• Transaction reporting systems

• Analysis of customer transaction data

• Development of other digital payment products

It can be concluded that the QRIS system services in banking become an effective digital payment solution to support cashless transactions in Indonesia. With ease of use, security, and support from national regulations, QRIS helps banks improve service quality, expand financial inclusion, and accelerate the digital transformation of banking.

Collega Inti Pratama – Together We Make IT Better.

In the era of digital as it is now, the banking industry is required to move quickly, safely, and efficiently in serving customers. Behind various banking services that we use every day—from cash withdrawals, transfers, to mobile banking—there is a core system that is the backbone of bank operations, namely Core Banking System.

What is Core Banking System?

Core Banking System (CBS) is the primary system used by banks to run all core business processes in a centralized, integrated, and real-time manner. This system serves as the foundation of banking operations in managing customer data, financial transactions, banking products, and reporting.

With the Core Banking System, customers can perform transactions anytime and anywhere through various channels such as branch offices, ATMs, mobile banking, and internet banking, with data that is always synchronized within one system.

Functions of the Core Banking System

Core Banking System plays a vital role in ensuring the bank's operations run efficiently and safely. Here are some of its main functions:

1. Centralized Customer Data Management. CBS stores all customer data in one integrated system, making it easier to manage, monitor, and update data accurately.

2. Real-Time Transaction Processing. This system allows banking transactions such as deposits, withdrawals, fund transfers, payments, and financing to be conducted in real-time without delays.

3. Management of Banking Products and Services. The Core Banking System supports the management of various banking products such as savings, checking accounts, deposits, loans, and financing with flexible configurations.

4. Compliance with Regulations. CBS assists banks in meeting regulatory requirements through automatic reporting features, audit trails, and internal controls.

5. Multi-Channel Integration. The Core Banking System connects with various digital service channels, providing a consistent service experience for customers.

Benefits of the Core Banking System

The implementation of a modern Core Banking System provides many strategic benefits, including:

• Increasing Operational Efficiency
  Automated processes reduce manual work and the risk of human error.

• Enhancing Customer Service Quality
  Fast and accurate transactions increase customer trust and satisfaction.

• Data and Transaction Security
  The Core Banking System is equipped with multi-layer security systems to protect sensitive customer data.

• Supporting Business Scalability
  Banks can easily develop new products and expand services as the business grows.

The Role of the Core Banking System in Digital Banking Transformation

In the digital era, the Core Banking System becomes the main key to banking transformation. A flexible core system enables banks to adopt modern technologies such as API Integration, Open Banking, Cloud Computing, and collaboration with fintech.

Without a reliable Core Banking System, the development of digital services will be hindered, making it difficult to compete in an increasingly competitive banking industry.

It can be concluded that the Core Banking System is the primary foundation that determines the success of operational and digital banking transformation. With a modern core system, banks can enhance efficiency, security, and service quality to customers while preparing to face future technological developments.

Collega Inti Pratama – Together We Make IT Better.

PT Collega Inti Pratama collaborates with PT Jojo Nomic Indonesia and is supported by PT Telkom Indonesia (Persero) Tbk to hold a webinar conducted online with the theme “Digital Transformation with No-Code Development to Drive Business Growth” on October 14, 2021.

The presence of Digital Lending as a solution to facilitate the loan application process for customers, as well as to support the growth of the banking business in the future. This digitization is expected to help reduce the number of unbanked and underserved individuals in Indonesia, which can be a key element for national economic growth.