Bank BRI announces appointment of new CEO for its Digital Bank

By Leandra Monteiro

Bank Rakyat Indonesia commonly known as Bank BRI announced that its subsidiary PT. Bank Rakyat Indonesia Agroniaga (BRI Agro) has appointed Kaspar Situmorang as its new CEO.

Previous to this, Situmorang oversaw key digital initiatives at Bank BRI, including the group’s open banking initiative BRIAPI, in-house artificial intelligence platform BRIBrain, and digital lending mobile app.

In his new responsibility as CEO, he is primarily tasked to build the ‘BUKU II’ bank into a fully digital bank. He will oversee BRI Agro’s transformation into a fully digital bank, which includes expanding its scope from its current agricultural remit to also cater to informal and underbanked workers across the gig economy.

Instead of undergoing a tedious process of licensing process or acquiring a separate entity, BRI Agro’s transition will immediately be focused on converting current customers and acquiring new ones for its new fully digital banking experience.

Kaspar Situmorang, CEO, BRI Agro said, “BRI Agro is now expanding its services beyond traditional agribusiness. The plan is to now cater to informal and underbanked workers across the entire gig economy. To give an image, this could include but certainly wouldn’t be limited to e-commerce solo merchants, warung owners, freelance service providers, drivers and in-home staff, repair people, and much more.”

As the most sophisticated digital banking player in the country, with the full weight and reach of the BRI Group behind us, our mandate is to become Indonesia’s official house of fintech and home of the local gig economy. This requires a fully digital approach that offers low-interest products and lightning-fast processes.”