PRESS RELEASE IIBC

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On the last day of IIBC 2019, all participants went through the most important day, that is the ‘Final Presentation Day.’ One by one, the team presented their Merger & Acquisition analysis on the final case that they have prepared for two nights. The final presentation was judged by Mr. Franky Rivan (Senior Research Analyst at Kresna Sekuritas), Mr. Theodorus Ariel (Senior Research Analyst at Lotus Andalan Sekuritas), and Ms. Caroline Dharmawan (Director of Valuation and Modelling Services at PT Deloitte Consulting Indonesia). It was then continued with a gala lunch and a closing remarks by Mr. Mark Bruny (Investment and Finance Director at KoinWorks) that talked about The Role of Technology in Encouraging Financial Inclusion. He discussed about the change from conventional payment to digital payment with Indonesia as the largest market size of the internet economy in SouthEast Asia. In addition, the session amplified about the benefits of financial technology especially in financial inclusion, as well as synergies of banks and fintech lending.

Before participants journeyed back home, Mr. Himawan Aditya Sunaryo (President of FIS 2018/ 2019) gave an encouraging closing speech to remind the participants that their efforts do not end in IIBC; rather, they have just started. Through recap video, participants reminisced their four days experience in IIBC 2019, followed by the winner announcement. After intensive scoring by the judges, the winner of IIBC 2019 is AD Capital from Nanyang Technological University and the runner up is Providence Capital from Hong Kong University of Science and Technology! A total prize of IDR45,000,000 was given to both winners besides the unforgettable experience, valuable knowledge, worthwhile insights and meaningful friendship that the other participants received. Congratulations to the winners of IIBC 2019!

As the committee of IIBC 2019, we would like to appreciate the support and cooperation from all participants, speakers, judges, sponsors, media partners and all parties who made this event possible. We are looking forward for upcoming collaboration and see you again in IIBC 2020!